General – Acquisition
Shell has agreed to sell a 20% interest in the Orca deepwater project offshore Brazil to Kuwait Foreign Petroleum Exploration Company (KUFPEC).
[Read more…] about Shell sells 20% stake in Brazil’s Orca Deepwater ProjectKuwait suspends Petrofac from oil and gas tender participation
General – Petrofac
The UK-headquartered engineering company Petrofac has been temporarily banned from participation in tenders in Kuwait’s oil and gas sector.
[Read more…] about Kuwait suspends Petrofac from oil and gas tender participationKuwait announces giant oil discovery
Fossil Energy – Oil Discovery
Kuwait Petroleum Corporation (KPC) announced this weekend it had made a giant oil discovery in the Al-Nokhatha field east of the Kuwaiti island of Failaka, with oil reserves estimated at 3.2 billion barrels.
[Read more…] about Kuwait announces giant oil discovery