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.
BP said today that it has started production from the giant Khazzan gas field in Oman ahead of schedule and under budget.
Oman, the biggest Arab oil producer outside of OPEC, is turning up the heat in a regional battle for business from ships in need of fuel with a $600 million deal to build storage tanks at the port of Sohar.
Petrofac will provide a range of engineering services on major oil and gas projects for Petroleum Development Oman (PDO) as part of a 10-year deal.
Lawyer and Middle East business expert Hugh Fraser has been inducted into a global networking initiative set up to help Scottish firms break international markets.
Petrofac has landed a $600million deal in Oman.
Plexus Holdings said yesterday a new contract that will see its innovative oilfield technology used for a second exploration well offshore Oman was worth an estimated £231,000.
Plexus has landed a Middle East contract worth $28,000.
Bidding on Oman’s latest licensing round is under way, with four blocks up for grabs, the country’s oil ministry said today. The ministry is now using a digital system to enable bidders to access and evaluate information on the blocks –numbers 30, 31, 49 and 52 – over the internet.
Intertek has won a seven year contract to provide inspection services for Petroleum Development Oman (PDO).
BP and Oman today agreed a deal paving the way for the giant Khazzan tight gas field to be developed further.
Odfjell has struck a deal to sell its stake in a terminal in Oman for $130million.
Norwegian oil and gas consultancy Add Energy has kept up its recent run of contract wins after netting a £120,000 deal with an unspecified Omani gas operator.
Thailand’s PTT Exploration and Production (PTTEP) plans to sell its Omani unit to a company based on the Arabian Peninsula as part of a rethink of its portfolio.
The Omani government plans to start tendering about five oil blocks in October this year.