Oil and Gas


Kuwait Petroleum To Spend Over $500B By 2040 As It Lifts Oil Capacity

by  Reuters Wednesday, January 31, 2018 KUWAIT, Jan 31 (Reuters) – Kuwait Petroleum Corp expects to spend over $500 billion as it boosts its crude oil production capacity to 4.75 million barrels per day in 2040, the national oil firm said on Wednesday, outlining ambitious growth plans for the next two decades. “KPC is expected to spend $114 billion in capex over the next

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Saudi’s $250 billion construction market still offers greatest potential, says Meed

Saudi Arabia remains the market with the greatest potential for the region’s construction industry, with more than US$250 billion worth of projects in the pipeline, according to a new report by the regional news service Meed. The kingdom has almost as much work in the pre-execution phase as the GCC’s second and third-biggest markets combined: the UAE has $184bn of

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Surat Gas Project

Arrow plans to expand its operations in Queensland’s Surat Basin with a major coal seam gas (CSG) exploration, development and production project.The proposed Surat Gas Project (SGP) will provide gas for both domestic and export markets. It covers an area from Wandoan to Dalby, and down to the south-west of Millmerran. Infrastructure and wells The SGP is expected to include

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