Oman Awards New Exploration Block to Maha Energy
The Ministry of Energy and Minerals of the Sultanate of Oman announced the awarding of onshore exploration block 70 to Maha Energy AB (Maha).
Oman | Egypt Oil & Gas - Part 6
Omani Oil, Gas Industry Expected to Grow 14% in 7 Years
Following a new report from the CMFE Insights Research Foundation, the Sultanate of Oman’s oil and gas sector is expected to grow at a compound rate of 14% between the years 2020 to 2027.
Six Arab Countries Reassert Compliance to OPEC+ Deal
The oil Ministers of Saudi Arabia, UAE, Kuwait, Oman, Iraq, and Bahrain reconfirmed their full support for OPEC+ agreement of cutting oil production in order to further speed up rebalance of oil markets.
Petrofac Completes EPCC Project in Oman
Petrofac’s engineering, procurement, construction management, and commissioning (EPCC) contract for Rabab Harweel Integrated Project (RHIP), has reached its completion in Southern Oman.
Oman Warns Crude Oil Customers of 10% Cuts for September
Oman has informed its crude oil customers that it will cut around 10% in allocations for September loading and delivery
OQ Establishes New Alternative Energy Business Stream
OQ, Oman’s state-owned integrated energy and petrochemicals powerhouse, has established a new business stream focused on investments in renewable and alternative energy resources.
BP Oman to Launch 500-million-cubic feet gas project
BP Oman has announced plans to ramp up gas production by a massive 500 million cubic feet per day (mcf/d) from its Ghazeer development in Block 61 by the end of 2020.
Oman to Slash July Output by 200,000 bbl/d
Oman has announced that it is to dramatically reduce the Sultanate’s oil production by 200,000 barrels of oil per day (bbl/d) in July to comply with the record oil cuts that were extended for another month.
PDO Oil, Gas Production Reaches Record Levels in 2019
Petroleum Development Oman (PDO), Oman’s largest oil producing company, achieved record production of 1.210 million barrels of oil equivalent per day (mmbbl/d) in 2019, a 0.41% increase from 2018’s 1.205 mmbbl/d.
Oman’s Blend Crude Oil Exports Drop by 2.41% in April
The Sultanate of Oman’s average daily exports of Oman Blend crude oil in April was down 2.41%, totalling 894,139 barrels of oil per day (bbl/d).
