HCF Discovers Gas, Condensate in Block 7
Local Omani oil and gas operator, Hydrocarbon Finder (HCF), discovered gas and condensate in its Block 7 concession in the western part of Wusta Governorate.
News / International
ADNOC Awards Onshore Block 1 to Indian Consortium
During the exploration phase, the Indian consortium will hold 100% stake and invest around $170 million to explore oil and gas in the block.
Noga, SFD Sign Financing Agreement
Under the agreement, the fund will help achieve economic diversification and development within Bahrain.
ADNOC Inks MoUs with OMV
ADNOC inked two memoranda of understanding (MoUs) with OMV to cooperate in developing the downstream sector.
TAQA Witnesses a Boom in 2018 Profits
Abu Dhabi Energy (TAQA) announced that its profits in 2018 reached around $108 million, which is more than double of the profits achieved a year before.
Saudi Aramco to Export Crude Oil to Poland’s PKN
Saudi Aramco Products Trading Company will export up to 800,000 tonnes of crude oil to Poland’s biggest refiner PKN Orlen.
ExxonMobil, Algeria Delay Gas Field Development
ExxonMobil and Algeria’s national company, Sonatrach, hindered their discussion to develop Algeria’s natural gas field as a wave of unrest takes over the country.
Oman’s PDO to Boost Oil Production
Petroleum Development Oman (PDO) plans to increase oil production to reach 670,000 b/d over the upcoming five years.
Iraq Buys Iranian Oil Sanctions-Free for 90 Days
The US allowed Iraq to continue importing energy from Iran without sanctions for a 90-day waiver.
Oman, India Ink Deal for $3.9 B Oil Refinery
Constructing the refinery is expected to begin on March 24 and take 44 months to be completed.
