Independent oil producer Occidental Oman (Oxy Oman) has signed two oil field service contracts with local Omani companies for engineering support services, the renting of centrifuges and solid control engineering ...
Oman has signed agreements with Shell and Total to develop its natural gas fields.
Oman Trading International Limited (OTI) has agreed a ten-year deal with state-run Bangladeshi oil company Petrobangla for the supply of liquefied natural gas (LNG) to Bangladesh.
Kuwait Petroleum International (KPI) plans to buy a 24% stake in the Bina joint venture refinery in central India.
Oman and Iran have agreed to finalize a cooperation pact for an offshore pipeline project from the Islamic Republic to Sohar Port in northern Oman.
Kuwaiti oil minister Bakheet Al-Rashidi told Kuwait News Agency on April 9 that the overhaul of the Al-Duqm refinery and the connecting petrochemicals industries complex in Oman will open on April 26.
Petroleum Development Oman (PDO) has agreed contracts with five local companies worth more than $800 million.
Exploratory drilling took place at a depth of 5,000 meters, the commercial flow rates at the reservoirs tested at 1.2 mcm/d after fracturing.
Meethaq Islamic Banking and Hydrocarbon Finder E&P (HCF) have signed an Islamic financing facility for the development of HCF-operated oil and gas fields in Block 7.
Average Oman crude oil price increased by 27.8% year-on-year (Y.o.Y), reaching $51 per barrel by end of 2017, from $40 per barrel in the same period of 2017.
