Category: Energy

ECONOMY
Oman Oil Korean Subsidiary
Oman Oil’s subsidiary completes phase IV of Korean power project

GS EPS Co, a joint independent power producer associate of Oman Oil Company (OOC), and GS Holdings has completed the construction of Phase IV, 900 megawatt (MW) combined cycle power plant powered by directly imported LNG. The ceremony was held with the presence of Mohamed Al Harthy, Ambassador of the Sultanate of Oman to the […]

ECONOMY
Duqm Refinery Amec Foster
Duqm Refinery inks a project management contract with Amec Foster Wheeler

Duqm Refinery signed an agreement with AMEC Foster Wheeler Engineering Consultancy LLC (AFW) for providing project management services during the construction phase of its 230,000 barrels per day-capacity refinery. AFW’s scope of work includes project management contractor services to be delivered as part of an Integrated Project Management Team (IPMT), according to a company release. […]

Energy
PDO_Oman LNG
PDO signs collaboration deal with Oman LNG

Petroleum Development Oman (PDO) and Oman Liquefied National Gas (Oman LNG) have signed a three-year partnership agreement to enhance technical and commercial co-operation. The collaboration is a consolidation of efforts in relation to staff development and capacity building, where both companies will share knowledge and exchange expertise in various disciplines across the oil and gas […]

Energy
shell
Production of petroleum products in Oman grows by 12 per cent

A 12 per cent growth in production of refined products was registered in the first half of this year, over the same period of last year, according to the statistics issued by the National Centre for Statistics and Information (NCSI). The statistics, based on data from the Oman Oil Refineries and Petroleum Industries Company (Orpic), […]

ECONOMY
PDO 2
PDO signs research and development deals with Omani universities

Petroleum Development Oman (PDO) has signed research and development agreements with Sohar and Al Sharqiyah Universities to help resolve some of its complex technical challenges. It is hoped the memorandums of understanding (MoUs) will help PDO further develop its competitive delivery by reducing costs, increasing production and reserves while operating in a safer and greener environment. […]

ECONOMY
Oma Budget
Total budget expenditure down by 5.8 per cent

Oman’s total budget expenditure fell by 5.8 per cent to RO12,908.2mn in 2016, according to the Central Bank of Oman’s (CBO’s) annual report. As the cut in expenditure fell short of the decline in revenues, the fiscal deficit stood at RO5,300mn in 2016, compared with RO4,361.4mn in 2015 (fiscal deficit as a percentage to GDP […]

Energy
almslide2
Al Maha Petroleum bags OMR91mn contracts from Raeco, Mwasalat

Al Maha Petroleum Products Marketing Company has bagged two contracts valued at OMR91 million for supplying gas oil to Rural Areas Electricity Company (Raeco) and to build and operate a new fuel station for national transport company Mwasalat at its headquarters. The first contract, valued at OMR73 million, is for supplying 380 million litres of […]

Energy
Shell
Oman Oil, Shell to collaborate on Oman Block 42

Oman Oil Company Exploration and Production (OOCEP) and Shell Exploration have signed a Heads of Agreement (HoA) to collaborate on Oman Block 42. Under the agreement, an initial aerial study will be carried out, before potentially undertaking further and more focused activities in the block, according to a press release. This cooperation in Block 42 […]

Energy
glasspoint-rodmacgregor-president-ceo
Creating enduring values     

Rod MacGregor, president and CEO, Glass Pont highlights the company’s vision to create long-term value for Oman and its people and to accelerate the country’s plans for economic diversification GlassPoint Solar is the leading supplier of solar to the oil and gas industry. Operating worldwide from the Middle East to California, GlassPoint’s enclosed trough technology delivers […]

Energy
pdo-md-raoul-restucci
 Business with a mission

Petroleum Development Oman is at the forefront of supporting employment, education, health, cultural, social and infrastructure schemes across the length and breadth of the country.  Excerpts from an interview with Managing Director, Raoul Restucci How is PDO as a company contributing to the social and economic development of Oman and Omani people? PDO works on […]