Category: Oil&Gas



News
oil
Oman exports 25m barrels of crude oil

Oman’s total crude oil exports increased to 25.44 million barrels in July 2017, compared to 24.14 million barrels in the previous month. However, total exports for the first seven months of 2017 registered a 9.9 per cent decline to 171.90 million barrels from 190.71 million barrels for the same period of 2016, according to the […]

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 […]

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 […]

Interviews
SevenSeas_CEO
Fuelling growth

Within a short span of time, Seven Seas Petroleum Group has grown into a full-fledged supply and service company with diversified presence in different industry segments in Oman, UAE and Qatar. Excerpts from an interview with Managing Director, Shuayb K Al Suleimany Can you give us a brief on the Seven Seas Petroleum and its […]

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. […]

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 […]

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 […]