With Khazzan due to deliver a billion cubic feet a day by the end of 2017, the two fields will together eventually increase Oman’s natural gas supply by around 40%.
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Cyprus cabinet approves QP offshore block deals
Eni and Total are in a consortium for one of the blocks, while ExxonMobil and Qatar have joined up for another. Eni will be on its own in a third block
Omani OOCEP named fastest-growing regional company
OOCEP earned this recognition after witnessing its net production significantly increase to 57,000 barrels of oil equivalent per day since 2015
RakGas, Bell Geospace sign contract in Zanzibar
The contract with RakGas includes the acquisition of 3D Full Tensor Gradiometry (FTG) data as well as processing and interpretative services
Country Focus: Bahrain attempts energy sufficiency
Taking into account its modest oil production, the Kingdom intends to improve its energy infrastructure and the downstream sector to reduce dependence on imports and insulate itself from the blow of the oil and gas downturn
Low oil prices hurt valves and actuators market
Despite the various growth drivers, the valves and actuators market has to readjust to the new market conditions and the low oil prices
Comment: Disputes in a low oil price environment
Revenue streams will enable the oil and gas industry to weather the immediate low oil price storm and its effects on profitability and to adjust the business to the new reality
Comment: The promise of gas in the Mediterranean
Following the discovery of immense gas reserves in the East Mediterranean region, preliminary geological surveys have found that the Levant basin, along the shores of Syria, Lebanon and Cyprus, contains 3.45 trillion cubic metres of gas
New Dragon Oil chief to drive growth strategy
Industry veteran Ali Rashid Al-Jarwan to lead ENOC-owned subsidiary
IOCs redefining plans to justify MENA operations
International Oil Companies (IOCs) have long played a dominant role in the development of the region’s oil sector and have always seen the Middle East’s vast reserves as prized assets.