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omanoil to build new terminal in Dhofar, Oman The signing of the deal.

omanoil to build new terminal in Dhofar, Oman

Medium-size facility will be utilised for marine bunkering and product trading

 •   Omanoil opens new filling station in Al Mawaleh
 •   Omanoil signs deal with Quadoil in Egypt
 •   Oman Oil seeking $1bn loan for subsidiary: Report


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Aramco sets financing plans for industrial push

Aramco sets financing plans for industrial push

The reforms envisage Aramco transforming itself from an oil and gas firm into a 'global industrial conglomerate' involved in many sectors and services
 
Saudi to sell less than 5% of Aramco through IPO

Saudi to sell less than 5% of Aramco through IPO

Subsidiaries of the company would also be sold by IPO, as part of a privatisation drive and to bring transparency to the oil giant, Prince Mohammed said
 
SPE's ATSE event to kicks off in Dammam today

SPE's ATSE event to kicks off in Dammam today

The three-day (April 26-28) Annual Technical Symposium and Exhibition (ATS&E) will feature 27 technical sessions, 4 pre-event courses and 4 pre-event workshops
 
JPMorgan, boutique bank may advise Aramco on IPO

JPMorgan, boutique bank may advise Aramco on IPO

M. Klein & Co. is reportedly in the running to provide the Saudi government with strategic advice, while JPMorgan may serve as an underwriter
 

 

Oman LNG 2015 revenues down at $2.6bn

Oman LNG 2015 revenues down at $2.6bn

Low global oil and gas prices reduces majority Omani government-owned company's revenues from $4.074bn in 2014 to $2.612bn in 2015
 
Omani oil majors seek combined loans worth $4.35bn

Omani oil majors seek combined loans worth $4.35bn

While PDO is seeking a $2.5bn loan to fund its projects, the Oman Oil Company has contacted banks about amending the terms of an existing $1.85bn loan
 
Oman LNG, Oman Oil join hands to aid 'Omanisation'

Oman LNG, Oman Oil join hands to aid 'Omanisation'

The two companies will provide opportunities for their respective employees, who will be temporarily assigned by means of a 'secondment' to each other's businesses
 
Kuwait to explore offshore acreage in 2017

Kuwait to explore offshore acreage in 2017

KOC is in the process of tendering two contracts; one will cover logistics work and the other will focus on identifying where offshore rigs should be located
 
Oman oilfield ICV spend targeted at $3.5bn: Report

Oman oilfield ICV spend targeted at $3.5bn: Report

The amount maybe spend on local content development in the form of 'Omanisation', training, and patronisation of locally sourced goods and services
 
Saudi Aramco to allocate $124bn for contractors

Saudi Aramco to allocate $124bn for contractors

Divided into 24 categories, suppliers will have a choice between local and international contracts, according to a local daily
 
Asia buys more Mideast heavy crude in Q1 2016

Asia buys more Mideast heavy crude in Q1 2016

Latin American crude sold to Asia fell 1% in the first three months of 2016 from a year ago, while Middle East exports to Asia rose 7% in the first quarter
 
Omani firms making inroads as oilfield operators

Omani firms making inroads as oilfield operators

Five local companies established as operators in upstream sector, the government-owned Oman Oil Company Exploration & Production being the latest entrant
 
'Door still open' for oil concession talks: ADNOC

'Door still open' for oil concession talks: ADNOC

The Abu Dhabi National Oil Company's CEO says the door was still open for talks on awarding stakes in its 40-year onshore concession to develop the UAE's biggest oilfields
 
ENOC Marketing posts 10% volume growth for 2015

ENOC Marketing posts 10% volume growth for 2015

Despite the decline in oil prices, revenues from the Marketing segment contributed 16% of overall group earnings
 
Wintershall's profits fall by a third in 2015

Wintershall's profits fall by a third in 2015

Company attributes fall in earnings to lower oil prices and asset divestment
 




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