During the announcement, PDO also reported on a string of achievements, including its best-ever safety performance, record investment in local companies, and the creation of 14,146 job opportunities for Omanis in 2017.
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Special Report: The new generation
Established power solutions are under threat as more efficient and less environmentally damaging options gain ground, writes Jonathan Sheikh-Miller
Special Report: Editor’s Comment: Downtime is no fun at the oilfield
Operators want reliability from their power solutions, writes Jonathan Sheikh-Miller
Cover story: Meet the OSV pioneer
René Kofod-Olsen has steered Topaz Energy & Marine out of choppy waters into calmer, wide open seas.
Mubadala buys 10% stake in Eni’s Egyptian Shorouk gas concession
Subsidiary of Mubadala Investment Company acquires stake in vast offshore gas field in Mediterranean Sea.
Saudi Aramco urges industry transformation at geosciences event
Held under the patronage of HRH Prince Khalifa bin Salman Al-Khalifa, Prime Minister of Bahrain, and sponsored by Saudi Aramco and other energy leaders, the bi-annual event addressed the theme, ‘Pushing the Technical Limits: Shaping the Energy Landscape’.
Emerson, Total ink global pact for Paradigm E&P software solutions
The contract will help the global energy leader maximise performance of reservoir subsurface modelling and formation evaluation.
Saudi Aramco CEO addresses future of oil at CERAWeek conference
In a special address before an audience of energy executives, experts, government officials and policymakers, Nasser noted that strong economic growth in the emerging and developing markets will continue to drive demand for hydrocarbons.
Total acquires 16.33% stake in Waha concessions in Libya from Marathon for $450mn
This acquisition will give Total access to reserves and resources in excess of 500 million barrels of oil equivalent, with immediate production of around 50,000 barrels of oil equivalent per day.
Al Khafji Joint Operations awards SNC-Lavalin 5-year framework contract in Saudi Arabia
Al Khafji Joint Operations is responsible for oil and gas exploration, development and production in the offshore area close to the Saudi-Kuwait border, including the Khafji and Hout oilfields which have been in production since the 1960s.