Kuwait Petroleum Corporation (KPC) recently announced the discovery of a "giant" oil field at Al-Nokhatha, east of Failaka Island. The estimated 3.2 billion barrels of oil equivalent resources ...
On the Arabian peninsula, U.S. oil giant Chevron has launched a $340-million pilot project to extract heavy oil from beneath the desert sands. WSJ's Ben Casselman reports from Wafra, Kuwait.