Related topics: oil

Kuwait to spend $500 bn on oil projects by 2040

OPEC member Kuwait plans to spend more than half a trillion dollars by 2040 to boost its oil and gas output and refining capacity, a top executive said on Wednesday.

Part of Keystone XL oil pipeline to go ahead: company

TransCanada Corp announced Monday it would go ahead with construction of part of its Keystone XL oil pipeline that does not require US presidential approval, a stretch from the state of Oklahoma to the US Gulf Coast.

A better way to pinpoint underground oil reserves

(PhysOrg.com) -- Picture this: an accurate map of a large underground oil reservoir that can guide engineers’ efforts to coax the oil from the vast rocky subsurface into wells where it can be pumped out for storage or transport.

Technip wins North Sea underwater contract

French oil services group Technip announced Monday it had secured a contract worth about 600 million euros ($795 million) to refurbish and develop oil installations in the North Sea.

Study throws cold water on Arctic oil, gas dreams

The Arctic, often presented as the promised land by oil companies, is likely to play only a marginal role in providing for the planet's future energy needs, a Norwegian study claimed Tuesday.

Removing the brakes on plant oil production

Scientists studying plant biochemistry at the U.S. Department of Energy's Brookhaven National Laboratory have discovered new details about biomolecules that put the brakes on oil production. The findings suggest that disabling ...

UN director presses US to cut biofuel output

The head of the UN's Food and Agricultural Organization urged the United States to halt its biofuel output to prevent a food crisis, in an editorial published by the Financial Times on Friday.

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