Strategic importance of heavy oil to Kuwait
An exclusive insight into Kuwait Oil Company’s heavy oil strategy and why the resource is seen as such a strategically important resource for the sustainability of Kuwait’s oil industry.
Statoil divests its oil sands business
Statoil has agreed to divest its 100 per cent owned Kai Kos Dehseh (KKD) oil sands projects in the Canadian province of Alberta to Athabasca Oil Corporation as Norway's oil giant pulls out of the oil sands business.
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Maersk Oil acquires East African licences
Denmark's Maersk Oil has completed the acquisition of 50 per cent of Africa Oil Corp share in three onshore exploration licences in the Turkana region of northern Kenya and two contiguous licences in Southern Ethiopia.