Petroleum Development Oman
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Petrofac Wins Two Contracts in Oman worth $300 MM
Thursday, 4th February 2021
Petrofac company announced that it has acquired two contracts in Oman worth $300 million through Petroleum Development Oman (PDO).
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Oman Inaugurates First Manufacturing Plant
Tuesday, 19th November 2019
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).
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Oman to Seek Foreign Loans to Finance Oil&Gas Projects
Thursday, 18th February 2016
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. -
Oman Targets 990,000b/d Level of Oil Production in 2016
Wednesday, 3rd February 2016
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 Expected to Flourish
Monday, 1st February 2016
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. -
PDO workers stage strike
Wednesday, 16th March 2011
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.
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GUPCO to Invest $562 MM in FY 2020/21
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 59.91 | +0.27% |
Crude Oil (Brent) Brent | USD/bbl | 62.85 | +0.24% |
NYMEX Natural Gas | USD/MMBtu | 2.88 | +1.30% |
OPEC Basket Price | USD/bbl | 64.24 | -0.20% |
Last Modified March 3, 2021