As new discoveries are being made in the north of the country, and as the industry develops increasingly sophisticated extraction technologies, Kuwait’s oil revenues should see a new boost. The authorities are also seeking to develop the country’s natural gas resources, as these could provide a valuable alternative for electricity generation. Although the kingdom was ranked as the world’s...
Energy
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Kuwait accounts for approximately 6.1% of the world’s proven oil reserves, with hydrocarbons revenues comprising more than 65% of the country’s GDP and 95% of total exports in 2013. Cautious budgetary decisions have resulted in large surpluses, creating a solid base for public expenditure programmes such as the National Development Plan, which is set to diversify the economy and boost employment.
Interviews & Viewpoints | OBG talks to Peter Botten, CEO, Oil Search from The Report: Papua New Guinea 2014
The first liquefied natural gas (LNG) cargos have left Papua New Guinea en route to Asian markets. What does that mean for PNG and Oil Search?
Interviews & Viewpoints | OBG talks to Michael Hession, CEO, InterOil from The Report: Papua New Guinea 2014
How can the oil industry help contribute to the broader economic development of Papua New Guinea and the well-being of its citizens?
Articles & Analysis | The country’s hydro resources have the potential to transform the utilities segment from The Report: Papua New Guinea 2014
With thousands of kilometres of rivers and monthly average rainfall often exceeding 300 mm, Papua New Guinea is well suited for hydropower production. Unfortunately, the same geography and climate that makes the country conducive for power development also creates barriers to its development. Most notably its rugged features pose significant...
Articles & Analysis | With the LNG project just starting, the opportunities are numerous from The Report: Papua New Guinea 2014
The near future will bring positive change for the energy sector and the economy as a whole as the investment and construction phase of the $19bn Papua New Guinea liquefied natural gas (LNG) project winds down and the first shipments of gas begin to flow from the ExxonMobil facility. Even with the optimism surrounding this signature...