Category: Oil&Gas

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 […]

Oil&Gas
rumhi
Oman plans IPOs for downstream energy firms

Oman plans to offer shares in some state-owned downstream energy companies to the public, partly to raise money as low oil prices pressure its finances, Oman’s Oil and Gas Minister Mohammad bin Hamad Al Rumhy said recently. The companies include Salalah Methanol Co. and a drilling company, Rumhy told reporters without naming the drilling firm […]

Energy
Duqm Refinery 2
Oman, Kuwait sign agreement for developing Duqm refinery

                                    Oman Oil Company (OOC), the Sultanate’s investment arm in the energy and energy related sectors, and Kuwait Petroleum International Ltd (KPI), the international subsidiary of Kuwait Petroleum Corporation (KPC), have signed agreements related to their partnership for […]

Oil&Gas
PDO
PDO sets new production record

Petroleum Development Oman (PDO) confirmed  that it set a new combined oil, gas and condensate production record of 1.293 million barrels of oil equivalent per day (boepd) in 2016. The achievement was secured whilst reducing capital and operating expenditure and thanks to continuous improvement in drilling, well and reservoir management and project delivery. To boost […]

Oil&Gas
OIL
Oil slips towards $50 on doubts over output-cut extension

Oil fell further towards $50 a barrel , pressured by uncertainty over whether an Opec-led production cut will be extended beyond June in an effort to counter a glut of crude. A committee of ministers from Opec and outside producers agreed on Sunday to look at prolonging the deal, stopping short of an earlier draft […]

Oil&Gas
yousuf-al-ojaili
Unlocking Khazzan’s potential

The Khazzan project overall is now about 75 per cent complete and on track to deliver first gas by the end of 2017, says Yousuf Al Ojaili, President, BP Oman, in an interview with OER. He became President of BP Oman just over a year ago after working as the CEO of Oman Gas Company […]



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