The North African country will also sign three new contracts for Mediterranean Sea development worth a total of $500mn
Search results
No concrete plans for listing yet: Aramco chairman
Saudi Aramco Chairman Khalid al-Falih has told The Wall Street Journal that an Aramco listing ‘cannot be done overnight’
How secure are GCC networks?
With 2015 witnessing a spate of attacks on the oil and gas industry and 2016 set to see no less, the regional oil and gas industry is investing in securing its systems, providing IT companies a lucrative opportunity to trade its products.
Gulfsands wins extension for Tunisian block
Contract has been extended until July 12, 2017
Testing times for the Kingdom
Despite the global oil oversupply and the subsequent free fall in crude oil prices, Saudi Arabia is determined to maintain high output levels and press ahead with its oil and gas projects in future to control market share
BP Oman ties up with Oman Oil to train technicians
Once completed, the technicians will be equipped with the skills and expertise to work on the Khazzan Project once operation starts in 2017
Oman on target to award Block 7 by year-end
The government has been encouraging multinational oil companies to find new reservoirs in a move to sustain production levels
Oil market to dominate energy agenda
Global energy demand is expected to fall in the first half of next year
Oman Oil E&P to invest up to $4bn to boost output
COO, Suleiman al-Zakwani says low oil prices are an opportunity
Kuwait replaces oil minister ahead of OPEC meeting
Deputy Prime Minister Anas Al Saleh replaces Ali Al Omair as acting oil minister