Category: Energy

What does BlockChain hold for the Energy Industry?

Oil and Gas companies operate in dynamic and complex environments, where they face constant challenges especially in terms of supply and demand. Now with the oil prices at historic lows, the time has come to evaluate and adapt new technology. When the price of crude oil is low, the high cost of upstream oil exploration […]

Petrofac Secures US$265million Contract with PDO

Petrofac has been awarded a contract worth US$265million for the development of the Marmul Polymer Phase 3 (MPP3) Project in southern Oman. This is the first award to be secured under a 10-year Framework Agreement with Petroleum Development Oman (PDO) signed in 2017, which enables Petrofac to provide Engineering, Procurement and Construction Management (EP+Cm) Support […]

GlassPoint Appoints Steven Moss As CEO

GlassPoint Solar, the leading supplier of solar energy to the oil and gas industry, announced the appointment of Steven Moss as Chief Executive Officer. An industry veteran, Steven will lead GlassPoint’s growth plans, diversifying its project portfolio in new markets in the Middle East and North America and commercializing its next generation technologies.   Managing […]

Oman oil average price rises 36.6 per cent in January

The average price of a barrel of Omani crude oil increased by 36.6 per cent at the end of January 2018 to reach to $60.8 per barrel compared to $44.5 at the end of January 2017, according to the data released by the National Centre for Statistics and Information (NCSI). These statistics show that the […]

Bauer awarded waste management contracts in all PDO concession areas

Bauer Nimr, along with Tanmia and Suma Oman, has been awarded the contract to run waste management operations for the North Al Sharqiyah and Al Wusta governorates by Oman Environmental Services Holding Company (Be’ah). Bauer Nimr is the leading domestic and hazardous waste management services provider for the oil and gas industry in Oman. The […]

Muscat-Sohar pipeline, Al Jefnain terminal start operation

Commercial operations at the $320 million-Muscat Sohar Product Pipeline (MSPP) project through its main fuel terminal in Al Jefnain have been started by Oman Oil Refineries and Petroleum Industries Company (Orpic). The $320 million investment is one of Orpic’s strategic growth projects, which will deliver more than 50 per cent of Oman’s fuel via the […]

Orpic’s Mina Al Fahal Refinery to undergo major turnaround

A major planned turnaround and maintenance activity is currently being undertaken at Oman Oil Refineries and Petroleum Industries Company’s (Orpic’s) Mina Al Fahal Refinery for 45 days, between October 3 and November 16, 2017. This shutdown, to ensure Orpic’s operations run safely and smoothly at all times, will be used to execute a number of […]

OOCEP closes $1bn pre-export finance facility

Oman Oil Company Exploration & Production (OOCEP) has announced the successful signing of a $1bn loan facility to fund its continued growth and expansion. The new financing agreement is structured as a crude oil pre-export facility with a tenor of five years and contains an accordion option to allow additional funding of $500mn if required. […]

BP launches new season of social investment programme

Representatives from the partner organisations of BP Oman’s $5 million Social Investment Programme on Sunday attended the launch of the new season of the programme. Eng. Yousuf Al Ojaili, President of BP Oman, attended the event and gave the welcoming remarks to the partners at a ceremony, held in Knowledge Oasis Muscat (KOM). BP Oman […]

PDO-backed drilling equipment factory opens in Nizwa

A new PDO-backed factory which will manufacture key well equipment for the oil and gas industry has been officially opened in Nizwa. The Omani company Gulf Energy established the Fishing & Remedial Experts Enterprise (FREE) facility which is set to create up to 70 jobs for nationals. PDO has signed a 10-year contract with FREE […]