Petrofac company announced that it has acquired two contracts in Oman worth $300 million through Petroleum Development Oman (PDO).

Omani oilfield services firm Gulf Energy SAOC inaugurated its first manufacturing facility for cementing casing accessories in the Sultanate, supporting operations in Petroleum Development Oman (PDO).

State-owned Petroleum Development Oman (PDO) will in future borrow abroad if it needs to finance projects rather than ask for more funds from its shareholders.

The Omani Oil Ministry announced that the country's oil production in 2016 will target the level of 990,000b/d. The ministry added that its plan to halve economy’s dependence on oil in five years, which was recently publicized by the Supreme Council for Planning, will be difficult to achieve.

Oman’s oil and gas market is expected to flourish amid the ongoing oil market crises to country's government's commitment to investments in new project developments, exploration, and production.

Several hundred workers at Oman's state oil company Petroleum Development Oman (PDO) staged protests at company headquarters and at least one oil and gas field, demanding higher wages.