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Chevron sells 30% stake in Canadian Duvernay shale play to Kuwait Foreign Petroleum for $1.5B

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Chevron Corporation’s indirect, wholly-owned subsidiary, Chevron Canada Limited, has reached an agreement to sell a 30% interest in its Duvernay shale play to Kuwait Foreign Petroleum Exploration Company’s wholly-owned subsidiary, KUFPEC Canada Inc.,

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Consortium developing green hydrogen megaproject in Oman

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An international consortium comprising OQ, which is the Sultanate of Oman’s global integrated energy company, InterContinental Energy, the leading dedicated green fuels developer, and EnerTech, a Kuwait government-backed clean energy investor and developer, is developing an integrated green fuels mega project in Oman.

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Oil price tumbles after OPEC releases 2015 forecast

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Futures for US crude also are down dramatically. The exceptions, the news agency reports, are Kuwait and Qatar. And yet on Nov. 27, OPEC refused to lower its production levels below 30 million barrels a day, adding to the oil glut that started with the US boom in high-quality shale oil.

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Opinion: How Much Longer Can OPEC Hold Out?

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The Saudis, along with Kuwait and UAE have been defending the decision of not reducing the OPEC production levels in order to retain their global market share. He is author of “Oil—Past, present, future—An Indian Perspective”. Source: [link]. Market Background Oil'

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Kuwait Researchers Forecast Global Conventional Crude Oil Production Will Peak in 2014; New Multicyclic Hubbert Model

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Scientists from Kuwait University and Kuwait Oil Company are forecasting that world conventional crude oil production will peak in 2014—almost a decade earlier than some other predictions. According to the analysis, the ultimate reserve of these countries is 819 BSTB and their future recoverable oil is 252 BSTB. MMSTB/D in 2006.

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Landsat Proved the Power of Remote Sensing

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The Defense Mapping Agency also regularly used Landsat data for terrain analysis in Kuwait during the Gulf War with Operations Desert Shield and Storm. While scientists consider future projects, historians are thinking about how to preserve the history of space projects like Landsat as well as newer efforts.

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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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CME Brent oil futures project continuity: as of August 18, 2015, CME Brent futures projected the price remaining below $60/bbl until June 2017. Are the futures market, CNBC’s oil traders, analysts, and major fund investors, and others, being lulled into an unjustified consensus?