Kuwait Energy, the independent oil and gas producer, is on track to lift its oil production to 137,000 b/d in 2017, Fitch Ratings says in a report. “We expect the company’s Iraqi assets to start coming on-stream over the next 12…
Category: Oil
Oil and power to top EIC Middle East conference agenda
Abu Dhabi, 27 May 2015: Abu Dhabi National Oil Company (ADNOC), BP, Shell, MASDAR, Emirates Nuclear Energy Corporation (ENEC) and ACWA Power will join leading contractors Fluor, Petrofac, and McDermott at the Energy Industries Council’s (EIC) biennial event initiative for…
Big turnout expected at EIC meeting in Abu Dhabi
A big turnout is expected for the EIC Connect seminar and exhibition at the St Regis Hotel, Saadiyat Island in Abu Dhabi on 2 June organised by the Energy Industries Council (EIC) of the UK. The event will include contractor…
Lower oil price could lead to ME contract challenges: DLA Piper
The sharp fall in oil prices could lead to attempts to renegotiate prices and other terms in contracts, international law firm DLA Piper says in a report about the implications for people doing business in the Middle East & North…
Will the GCC and the US be masters of the new world energy order?
A new world energy order may be emerging where the masters will be the GCC, the world’s biggest energy exporters, and the US, the world’s largest energy consumer. In an interview with Middle East Economic Survey (MEES) in December, Saudi…