Profit adjusted for one-time items and inventory changes probably shrank to $1.6 billion to $1.9bn, Shell said on Wednesday in a preliminary earnings statement
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Iranian oil minister to visit Oman today
This will be Iranian Oil Minister Bijan Zanganeh’s first foreign trip after the removal of sanctions
Qatar’s oil consumption rose 190% in a decade
Saudi Arabia’s oil consumption rose from 1.9mn bpd in 2004 to 3.2mn bpd in 2014
Saudi Oil Minister optimistic about oil prices
Ali al-Naimi declined to comment when asked how the removal of economic sanctions against Iran might affect crude prices
Oil prices likely to remain stagnant in 2016
A survey of oil and gas professionals finds little optimism
Cisco awarded network contract by Kuwait Oil Co
Oil company has seen number of devices and applications in its network grow
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
Oman oil output grows 4% to 358mn barrels in 2015
The production figure is against 344.37mn barrels production in 2014, equivalent to 943,500 bpd
Egypt to offer global tender 11 oil and gas blocks
The North African country will also sign three new contracts for Mediterranean Sea development worth a total of $500mn
Oman’s oil production rises by 1% in December
The Sultanate exported 25.62mn barrels in December, 68.16% of it to China