The combined company plans $33bn of capital spending next year, lower than Shell’s previous guidance of $35bn, it announced last week
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Posted inProducts & Services
Oman raises tax on gas, petrochemical producers
The tax on producers of liquid natural gas would be raised to 55% from 12% to bring it in line with the levy on oil companies, while other firms related to the oil and gas industry would pay 35% instead of 12%
Posted inProducts & Services
ACWA Power signs solar, coal projects with DEWA
ACWA Power committed to renewable energy: CEO
Posted inNews
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
Posted inNews
Innovation key to 2016 energy sector: Consultancy
Booz Allen Hamilton collaborates with IDC to present its top technology trends for the energy industry next year
Posted inNews
Saudi foils attempt to smuggle 2mn gallons of fuel
Oil ministry says it was the largest attempt to smuggle diesel since it introduced technology to ‘mark’ the fuel
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Chinese firm to build $20m steel pipe unit in Oman
The new manufacturing facility in Sohar will specialise in the production of steel piping and related products for the Omani and regional oil and gas industries
Posted inNews
RAM reaffirms Qatar’s ratings as ‘stable’
The ratings are premised on the nation’s strong external position, vast savings in its sovereign wealth fund and steady economic growth.
Posted inProducts & Services
Oil market to dominate energy agenda
Global energy demand is expected to fall in the first half of next year
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‘Oil prices could expedite Oman public investment’
An official from Bunyan said diminished oil prices could spur Oman’s government towards more prompt and sustainable project spending