Non-OPEC producer Oman has notified its term customers in Asia that it will reduce supplies by 15% from June to meet local demand and as part of its commitment to cut output under a producers' agreement.
Germany-based Bilfinger said its Oman joint venture (JV) has won an extension of its contract to provide engineering and maintenance services to oil and gas company Petroleum Development Oman (PDO).
Russian oil giant Lukoil is targeting new projects in the United Arab Emirated (UAE), Iran, Oman and Kuwait as it plans to expand its operations in the Middle East.
Non-OPEC producer Oman intends to pump an average of 1mb/d in this 2017, despite the 45,000b/d production cut it had pledged with the OPEC-non-OPEC deal.