EOG Resources Obtains 50% Interest in Oman’s Block 49
EOG Resources has entered into an agreement to acquire Tethys Oil’s subsidiary, Tethys Oil Monstasar, in a deal that sees EOG receive Tethys 50% working interest in Block 49 onshore Oman.
Oman | Egypt Oil & Gas - Part 6
BP Starts Production at Oman’s Ghazeer Field
BP in partnership with OQ, Petronas, and the Ministry of Energy & Minerals in Oman have announced that production has begun from its Block 61 Phase 2 Ghazeer gas field.
Oman’s Production in September Reaches 718,000 bbl/d
The Sultanate of Oman’s average daily production of crude oil reached 718,700 barrels per day (bbl/d) during September.
Oman’s Oil Production Falls 7.5% in August
The Sultanate of Oman’s oil production in August declined by 7.5% which roughly equates to 190.91 million barrels of oil (mmbbl).
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).
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.
