The Sultanate’s ‘Redeployment Strategy’ stems from a moratorium issued by the government on layoffs of Omani oil and gas workers last November
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Optimism among Saudi oil firms hits new low in Q1
Gulf kingdom’s hydrocarbon sector sees selling prices and net profits in negative territory
Fire under control at Kuwait oil well site: KUNA
Specialised teams were taking precautionary measures to keep the fire from breaking out again: KOC
Oil freeze deal will have positive impact: UAE
Suhail Mohamed Al Mazrouei has said his country supports the Doha oil producers’ freeze agreement if all OPEC members and Russia follow suit
Iran quashes calls to freeze oil production
Petroleum Minister Bijan Zangeneh insists Islamic Republic will not give up its oil production quota, after meeting his Iraq, Venezuela and Qatar counterparts
Leak at Kuwaiti oil well site, no gas spill seen
The incident happened at a newly dug oil well in northern Kuwait, state media reports
Saudi, Russia agree to freeze oil production
Saudi Oil Minister Ali Al-Naimi says his country, along with Russia, Qatar and Venezuela have agreed to hold output at January level; talks with Iran, Iraq to follow
OPEC keen to end oil glut: Nigerian Oil Minister
Emmanuel Ibe Kachikwu said that he would meet his Qatari and Saudi counterparts next week to discuss the oil oversupply situation
BP, Oman Oil ink pact to develop Khazzan Phase II
The agreement between BP and the government of Oman will add over 1,000 sqkm to the original 2,700 sqkm Block 61, which is expected to start delivering gas in late 2017
UAE to store oil in India; offer over 60% for free
ADNOC has decided to use half of Mangalore’s 1.5mn tonne facility, which would make up 6mn barrels of oil