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Kuwait reduces production target for 2020

Kuwait Foreign Petroleum Exploration Co. reduced its output target for oil and natural gas due to the drop in crude prices that started in 2014, CEO Sheikh Nawaf Saud Al-Sabah said. Kufpec, a unit of state-run Kuwait Petroleum Corp., revised its production goal for 2020 to 150,000 boed from 200,000 ...

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Gov. Deal questions offshore drilling’s effect on tourism

Georgia Gov. Nathan Deal expressed skepticism about the Trump administration’s plan to allow offshore oil drilling along Georgia’s coast. Local media outlets report that Deal said he would need to consider the effect on the state’s tourism industry before deciding whether or not to support the federal government’s plan. The ...

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