Muscat: Petroleum Development Oman (PDO) is forming new partnerships with key stakeholders to collaborate in the areas of intellectual property, capability building, human resources, media and communication.

The company signed five agreements with partners to share expertise through on-job training opportunities, workshops, visits, secondments and collaborations on joint projects. These included the Ministry of Information, the Public Authority for Small and Medium Enterprises Development (Riyada), Omantel, the"...

Omani renewable energy firm Shams Global Solutions (SGS), in association with BP Oman’s Social Investment Programme, inaugurated a state of the art solar training facility located on the campus of the German University of Technology in Oman (GUtech) on Tuesday.
The event was held under the auspices of Qais bin Saud al Zakwani, Executive Director of the Authority for Electricity Regulation (AER), along with Eng Yousuf al Ojaili, BP Oman President. A number of senior officials from the public and private sector"...

MUSCAT, NOV 17 – Omani oilfield services firm Gulf Energy SAOC opened on Sunday its first cementing casing accessories manufacturing facility in the Sultanate to support Petroleum Development Oman’s (PDO) operations and other customers in Oman and the GCC region. The main objective of this investment is to boost the Omani economy by creating more jobs and training opportunities, saving costs and enabling custom-made solutions and adequate lead-time delivery of goods and services.
Complementing PDO’s"...

Muscat: Oman’s crude oil and condensates production stood at 30,131,845 barrels during October 2019 with a daily average of 971,995 barrels.

The monthly report issued by the Ministry of Oil and Gas pointed out that the total exported quantities of the crude oil during October 2019 reached 30,540,423 barrels, with a daily average of 985,175 barrels.

China's imports of the Omani crude oil registered a remarkable rise by 14 per cent of the total imports during October 2019, comprising 91.96"...

Italian energy giant ENI is set to make its offshore debut in the Arabian Gulf region with the drilling of a maiden well next February in Block 52, a sprawling deepwater concession that extends off Oman’s southern and south-eastern seaboard.
ENI Chief Executive Officer Claudio Descalzi made the announcement in an interview to Bloomberg TV on the sidelines of the opening of ADIPEC 2019 in Abu Dhabi earlier this week.
ENI’s local subsidiary ENI Oman BV is the operator of Block 52 — a massive 90,790"...

Musandam Power Company (MPC), a subsidiary of Oman Oil and Orpic Group, on Tuesday announced the successful closing of the phase 1 of its initial public offering (IPO) for listing on the Muscat Securities Market (MSM).

Based on the price discovery process completed through book-building by large and institutional investors, the allotment price for shares has been determined at 316bz per share, according to a press statement issued by MPC.

Musandam Power Company (MPC) SAOG (under transformation), the subsidiary company from Oman Oil and Orpic Group, has announced the successful close of Phase I of its IPO for listing on the Muscat Securities Market. Based on the price discovery process completed through book building by large and institutional investors, the allotment price for shares has been determined at 316 baisas. IPO investors are expected to receive the first dividend of 27.6 baisas in the month of December 2019.
Further, as per the prospectus,"...

Bagging the most prestigious and coveted ISO 9001:2015 Quality Management System certification, Muscat Electronics LLC (ME), one of the leading HVAC and office automation companies in the Sultanate of Oman under Al Yousef Group, has reached another milestone on its 40th Anniversary year.
Faisal M al Yousef, Executive Director, Muscat Electronics said: “Muscat electronics LLC, since it was established in 1979, has always kept its customers at the fore front of it’s attention. ISO 9001 -2015 that we received"...

Petroleum Development Oman (PDO) will be presenting over 40 technical papers at this year’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), the highest number of presentations from a single organisation. The presentations will cover a wide range of topics including exploration, health and safety and new technology, according to a press release.

Over 2,000 companies from 67 countries will be participating at the prestigious"...

MUSCAT, NOV 11 – Omani listed firm National Gas Company Oman SAOG (NGC), in partnership with Singapore-headquartered Petredec, a Singapore-based international fuels supplier, has broken ground on an LPG import and storage terminal at Krishnapatnam port in the south eastern part of India. The project, valued at around RO 21.6 million (Rs 400 crore) will be set up under a joint venture in India, NGC Energy India Pvt Ltd, in which NGC will have a 60 per cent stake, while Petredec, a global LPG and other fuels trading and"...