Oil-rich Kuwait warns welfare state unsustainable
Oil-rich Kuwait said Monday that the generous cradle-to-grave welfare system provided to its 1.2 million citizens was "unsustainable" and it was time for change.
Magzum Mirzagaliyev appointed Kazakhstan's Vice-Minister of Oil and Gas
Magzum Mirzagaliyev has been appointed the new Oil and Gas Vice-Minister of Kazakhstan.
Chinese firms to star in upcoming Brazil oil auction
Chinese oil giants CNOOC and CNPC will be in a prime position in next week's first auction of deep-water concessions in Brazil's coveted Libra oilfield.
Australia, US, France urge Antarctic protected areas
Australia, New Zealand, the United States, France and the EU on Wednesday stepped up pressure on Russia for a swift agreement to create vast Antarctic marine sanctuaries.
Leaking wells may cause ecological disaster at Caspian Sea
There are currently around 1,400 leaking wells in the Caspian sea area; 128 of them are underwater: Atyrau Oblast Akim.
Venezuela holds US-operated oil ship in spat with Guyana
Venezuela on Friday said it has detained a US-operated oil exploration ship sent from Guyana in disputed waters off its coast, in a fresh border spat between the two neighbors.
Kashagan oil may be partially supplied to China
Every participant of the consortium has a right to sell oil individually and, thus, the route, destination and prices depend on the participants of the consortium working at Kashagan: Minister.
Global oil production will peak in 2030s: Minister
Energy consumption is expected to grow 30-40 percent by 2030: Kazakhstan Oil and Gas Minister.
Oil production at Kashagan reaches 60 thousand barrels per day
Kazakhstan and its partners have been waiting for this for over 10 years: Sauat Mynbayev.
Third string of Kazakhstan-China pipeline to be launched in 2016
We currently transport over 63 billion cubic meters of gas to China via two strings of this pipeline. Construction of the third string has started and it is scheduled to be launched in 2016: Sauat Mynbayev.
Shymkent refinery suspended for overhaul
Shymkent oil refinery has been suspended for 30 days.
Singapore, China giants 'mull Spain gas investment': report
Singapore state investment giant Temasek and Chinese oil group Sinopec aim to snap up a multi-billion-euro stake in Spain's Gas Natural.
Saudis take to Twitter to demand better pay
Despite their country boasting the world's greatest oil wealth, many Saudis complain their salaries are not enough to make ends meet, and are taking to Twitter to demand more money.
Crude production resumed at Kashagan oilfield
“October 6, upon completion of all the repairs, the wells at the oilfield have been restarted (…) production was resumed with no complications”, according to the country’s Oil and Gas Ministry.
US set to be top oil, gas producer in 2013: EIA
The United States could push past Russia and Saudi Arabia as the world's largest single producer of oil and of natural gas this year.
$23 billion Tengiz expansion project approved
A project of the Tengiz field production facilities expansion worth $23 billion has been approved.
Crude production at Kashagan to be resumed in a few days
Crude production was suspended September 25 due to some faults of the gas pipeline. According to first estimates, the repairs were supposed to take 3-4 days. However, oil production hasn’t been resumed yet.
Brazil's Petrobras announces new oil find
Brazil's oil giant Petrobras announced a new crude find Friday off the country's northeastern coast.
Parliament ratifies agreement on exploitation of Kazakhstan-China pipeline
Kazakhstan Parliament has ratified the agreement between Kazakhstan and Chinese governments on cooperation during development and exploitation of Kazakhstan-China oil pipeline.
Kashagan accident won't harm commercial production: Kazakhstan Minister
A small content of gas was discovered in the air during a check of the ground gas pipeline 2km from Bolashak oil treatment plant in Atyrau oblast.
