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Kuwait Petroleum Corporation and India's Bharat Petroleum Corporation Ltd have signed LNG deal worth $220 million. As per the deal, KPC will export 195,000 tons of liquefied natural gas (LNG) annually. The current deal takes the value of commercial deals between the two corporations amounted to...
Kuwait has lodged a protest with Iran over Tehran’s intentions of unilaterally developing Arash gas field. The head of Iran Offshore Oil Co , Mahmoud Zirakchianzadeh, has said that Tehran would unilaterally develop the Arash gas field if Kuwait does not accept an offer for joint development.
Iran will likely begin full-scale development of the offshore Arash gas field in the Persian Gulf if Kuwait does not respond to its offer of joint development, Fars News Agency reported. "Our emphasis presently is on joint partnership strategy rather than competition, and we are hopeful to reach a conclusion...
Kuwait Foreign Petroleum Exploration Co., a unit of Kuwait Petroleum Corp., will drill for crude and natural gas in Vietnam next year, media reports said. The company is likely to start drilling the first well in the three blocks it owns in Vietnam since 2009. Meanwhile, state run PetroVietnam has...
Kuwait Energy Company intends to bid for drilling rights in the Levant Basin off the coast of Lebanon. According to estimates the Levant basin may hold 1.7 billion barrels of recoverable oil and around 122 trillion cubic feet of recoverable gas. KEC officials said that the company hasn't yet entered...
Conventional wisdom is usually right - but nothing beats an unconventional idea whose time has come.The Algerian oil minister Youcef Yousfi, speaking at the high profile CERAWeek energy conference in Houston last Wednesday, gave the first hints of a revolution in the region's gas industry. But unless...