The sale will reduce Chevron’s stake in the offshore leases to 45%
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Conservatives protest in Iran over new IPCs
Hardliners last week protested outside Iran’s Oil Ministry, saying the terms of the new Iranian Petroleum Contracts (IPCs) gives too much to IOCs
Omantel partners with BP Oman for Khazzan project
Omantel to deploy fixed, mobile and broadband solutions to the 2,800 sqkm gas project
US O&G major Chevron reports $588mn Q4 2015 loss
At year end, balances of cash, cash equivalents, time deposits and marketable securities totalled $11.3bn, a decrease of $1.9bn from the end of 2014
Oman plans to award one more oil block this year
The Oman government last week signed an oil concession agreement with Hydrocarbon Finder to take over Block 7 on a production sharing basis
The Aramco way
In an exclusive interview with RPME, Warren Wilder, vice president for Chemicals at Saudi Aramco, explains how the company plans to use its leverage as the largest oil producer in the world to become a leading player in the global petrochemical industry
Mubadala and Pemex sign MoU
Agreement has been made to look at potential opportunities in Mexico’s energy sector
Sultanate buoyant despite downturn
Despite plummeting oil revenues and economic troubles, the government in Oman has resolved to continue investing in the nation’s oil and gas sector, as industry majors move ahead with existing and new projects in 2016
Schlumberger posts net loss of $1.02bn in Q4 2015
Schlumberger cut 10,000 jobs in the last quarter as crude oil prices dropped to $40 per barrel
More Omanis to lose jobs in oil and gas industry
About 536 Omani workers at the Ardiseis Company, which is involved in oil exploration, are expected to be laid-off by the end of this month