Tethys Oil has spudded an exploration well on Block 49, in Oman, with work expected to take 45 days.
BP said it will invest more money in Middle Eastern oil and natural-gas fields even as it transitions to renewable energy and tries to lower emissions.
Mergers and acquisitions have been slowed by the COVID-19 outbreak. But as companies embrace the energy transition opportunities will arise
BP has started up the second phase of its gas operations in Oman, with the launch of the Ghazeer project.
Oman’s Ministry of Energy and Minerals has signed a deal with the US’ EOG Resources for Block 36.
Occidental Petroleum intends to keep production flat in 2021 but one bright spot for the company is Algeria.
Occidental Petroleum is reviewing options for its Middle Eastern assets as it seeks ways to reduce its debt pile, people familiar with the matter said.
BP is in early-stage discussions to sell about a 10% stake in a key gas field in Oman as part of the energy giant’s plans to cut debt, according to people familiar with the matter.
Omani firm Petrogas has withdrawn from a deal to buy a package of UK North Sea assets from Total, clearing the way for partner Neo Energy to complete the transaction.
Total and Thailand’s PTT Exploration and Production (PTTEP) have signed up to explore and develop non-associated gas in Oman’s Block 12.
Oilfield service firm Petrofac said today that it had clinched £100 million worth of work with Petroleum Development Oman (PDO).
News last week that Russian firm Zarubezhneft was being considered for the development of an offshore oil concession in Oman brought into sharp focus the lack of update provided since the country’s 2019 bid round closed in May.
BP and Italian oil firm Eni today signed an exploration and production sharing agreement (EPSA) for Block 77 in central Oman with the Sultanate's Oil Ministry.
Petrofac has celebrated the start-up of a major oil and gas production facility in Oman.
Oil rebounded from near the lowest level in five months after two tankers were damaged in a suspected attack in the Gulf of Oman.
UK oilfield services giant Petrofac has clinched a £60 million deal to provide procurement services for Petroleum Development Oman.
Aberdeen-headquartered Wood has secured work on a large petrochemicals plant in southern Oman.
The global oil price could shoot “violently upwards” following supply disruptions in the Middle East, including attacks on a pair of oil tankers.
UK oil major BP and Italian firm Eni have joined forces to progress a new exploration opportunity in Oman.
Italy’s top oil producer and Oman’s energy minister predict the latest oil rebound will stick.
Aberdeen energy service giant Wood has announced a multi-million dollar deal in Oman with Duqm Refinery and Petrochemicals.
Two oil majors have struck a deal with Oman over the development of natural gas resources in the Middle Eastern state.
BP said today that it had sanctioned the second phase development of the giant Khazzan gas field in Oman.
Oilfield services company Petrofac has been awarded an $800million lump-sum contract by BP for Phase 2 of the Khazzan gas development in the Sultanate of Oman.
Shareholders of Berkeley Energia have voted to approve a strategic $120million strategic investment agreement with the Sultanate of Oman’s sovereign wealth fund.