The energy giant is spending nearly $50 billion to expand the Tengiz oil field, allowing it to pump one million barrels a day. By Stanley Reed Chevron said Friday that it had completed an ...

He said, “Kuwait produces one billion barrels of oil annually. The new oil discoveries contribute to increasing the country’s strategic reserves. Kuwait has completed the engineering studies for the ...

Kuwait aims to boost its oil output to 4 million bpd by 2035, having previously missed a goal of reaching that level by 2020.

he continued He elaborated that engineering studies regarding Al-Durra field had been completed and the relevant plan was proceeding according to schedule, in concord with Saudi Arabia. Although there ...

The reserves are estimated at 800 million barrels of crude oil and 600 million cubic feet of natural gas. Sheikh Nawaf also said engineering studies were conducted for the production of natural gas ...

Kuwait’s oil production capacity now exceeds 3 million ... Sheikh Nawaf said Kuwait has completed engineering studies for the Durra gas field and is proceeding according to a plan agreed with ...

U.S. energy giant Chevron expects 1 million barrels of oil equivalent per day from Kazakhstan's Tengiz oil field, which is among the world's biggest. Meanwhile, an Exxon executive downplayed hopes ...

Oil output at Iraq’s giant Rumaila field remains reduced by 300,000 barrels a day after a fire last week, according to an official. The timeline for a full recovery to previous levels of 1.2 ...

Chevron Corp. said Friday it completed an expansion at Kazakhstan’s huge Tengiz oil field, which is expected to pump 1 million barrels a day by the middle of this year. The expansion ...