Bloomberg 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, Chief Executive Officer Sheikh Nawaf Saud Al-Sabah said. Kufpec, a unit of state-run Kuwait Petroleum Corp., revised its production goal for 2020 to 150,000 barrels a day of oil equivalent from 200,000 barrels a ...

Bloomberg Iraqi Kurdistan-focussed Genel Energy expects oil and gas production to fall for a third year in 2018, it said, as it shifts its focus to two new gas fields. The decline in production is due to a continuing slide in output from the Taq Taq field, once considered Genel’s flagship field, after the well hit water in 2016. Genel’s ...

Bloomberg Google’s top executive said the search giant would welcome higher taxes. Uber Technologies Inc.’s new CEO said it must be more accommodating with regulators. Salesforce.com Inc.’s veteran leader Marc Benioff said Silicon Valley has been arrogant and compared Facebook to the tobacco industry. At the World Economic Forum in Davos this week, technology executives struck a conciliatory note in ...