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.
Construction consultancy Turner & Townsend has appointed Simon Trafford as director and country manager for Oman.
Oman’s Redeployment Strategy has saved 2,100 jobs from redundancy, according to officials.
Plexus Holdings has landed a $600,000 deal in Oman with Masirah Oil.
Tethys Oil netted 359,779 barrels of oil from its share of the production from Blocks 3 and 4 onshore in Oman in December 2015.
The office of Switzerland's attorney general is helping authorities in Oman investigate alleged corruption in the Gulf sultanate's national oil company and oil ministry, a Swiss law enforcement source has said.
BP has awarded a contract worth £80million to Carillon Alawi to help build the operational base and accommodation complex for its Khazzan gas project. The deal includes the construction of facilities as well as a residential complex for 250 personnel and other infrastructure buildings in the region, which is 350km from Muscat.
The largest producer of oil and gas in Oman is to build one the world's largest solar plants.
Total has pulled out of a deepwater block in offshore Oman. Nasser Al Aufi, undersecretary at the Ministry of Oil and Gas, did not provide any details regarding the French company's decision. The company has signed an exploration and production-sharing agreement in December 2013 for Block 41, which lies off the Omani coast, north-west of Muscat.
Oman, the biggest Middle Eastern oil producer that’s not a member of OPEC, joined Venezuela and Iran in questioning the group’s decision to keep its output target unchanged even with crude prices falling. Oman is having a “really difficult time” because of low oil prices, Oman’s Oil Minister Mohammed Al-Rumhy said at a conference in Kuwait City. Standard & Poor’s lowered the country’s outlook to negative from stable on December 5, citing a risk that oil may drop more than expected.