Circle Oil said it swung to a substantial pretax loss in 2014 after it booked impairments and write-offs related to its operations in Oman and Egypt and the fall in oil prices.
The government-owned Oman Environmental Services Holding Company (Be’ah) plans to complete a detailed feasibility study of its landmark waste-to-energy initiative by the third quarter of this year.
Oman has committed to invest $7 billion to build oil storage facilities, a petrochemical plant and a refinery in Indonesia, an Indonesian minister said on Thursday.
Al Ghubra Power and Desalination Company (GPDCO), a part of Nama Group, has achieved a record of five million safe man hours during 1,884 working days,
Despite a sizeable fiscal deficit this year and the next due to decline in oil prices, Oman is likely to avoid deep cuts in spending as the real GDP grows by 4% in 2015 before moderating to 3.7 per cent in 2016, a re ...
State-owned energy investment firm Oman Oil Co (OOC) will announce a new structure later this year, chief executive Issam al-Zadjali told reporters on Sunday.
The Petroleum Development Oman (PDO) has signed a $600 million pact with Indonesia-based oil and gas leader MedcoEnergi to continue developing the Karim Small Fields (KSF) project in southern Oman, a report said.
Oman Tank Terminal Company (OTTCO) plans to start operating a floating storage unit later this year to ease trade of crude oil futures on the Dubai Mercantile Exchange (DME), trade sources said on Tuesday.
BP expects to start natural gas production from Oman's Khazzan field by 2017 at a rate of 1 bcf a day, a senior executive from the British oil major said on Monday.