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  1. Kuwait Upstream Costs Soar

    ...ntre (GC-32) which was intended to offset declines elsewhere at the field. The 120,000 b/d facility was awarded to British firm Petrofac in March 2017 and was scheduled to come online in mid-2020. It has yet to be completed.  UNCONVENTIONAL AND DIFFICULT                The other major ju...

    Volume: 65
    Issue: 29
    Published at Fri, 22 Jul 2022

  2. Saudi Crude Burn Soars

    ...*Saudi Arabia’s crude oil burn jumped by 130,000 b/d to 582,000 b/d in May. Not just was this up a massive 185,000 b/d year-on-year, but it was the highest May figure since 2017 (see chart & p23 for full Saudi May oil data). Crude oil is burned in power and desalination plants where gas is no...

    Volume: 65
    Issue: 29
    Published at Fri, 22 Jul 2022