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McDermott awarded FEED contract by Total
July 16, 2019
Source: World Oil

McDermott awarded FEED contract by Total

McDermott International has secured a FEED contract from Total Oman E&P Development in partnership with Oman Oil Company S.O.A.C. This contract is for the Sohar LNG bunkering project in Oman and the work will start immediately. Senior VP of McDermott said, "This award is a reflection of McDermott's 60-year history of delivering innovative LNG solutions worldwide, beginning with our tank storage solutions in the 1950s, to our liquefaction capabilities today".

PTTEP to acquire Partex
June 24, 2019
Source: Muscat Daily

PTTEP to acquire Partex

PTT Exploration and Production Public Co Ltd (PTTEP) has decided to acquire Partex Holding BV. The acquisition will be worth approximately US$622mn. This decision will help PTTEP expand in Oman and open the gates for future investment opportunities in the Middle East. "This acquisition will allow us to create a new business partnership with both national oil companies of Oman and the UAE,” said PTTEP's CEO.

Oil prices increase over concerns of decreased crude flow
June 14, 2019
Source: Reuters

Oil prices increase over concerns of decreased crude flow

Oil extends gains from the previous session following the attacks on two oil tankers in the Gulf of Oman. This incident has stirred up the concerns of reduced crude flows through one of the world’s key shipping routes. Brent crude increased by 0.8% and was traded at $61.81 a barrel. WTI rose by 0.4% and was traded at $52.49 a barrel.

Petrofac clinches £60m contract for Oman job
June 12, 2019
Source: Energy Voice

Petrofac clinches £60m contract for Oman job

Petrofac has been awarded a £60 million procurement services contract by Petroleum Development Oman. This contract is a part of a framework agreement signed by Petrofac in 2017. Regional Manager of the company said, "The procurement and management activities for this project will be undertaken from Petrofac’s Muscat office from where we provide first-class expertise in high-value order management".

KBR secures FEED contract for Oman LNG debottlenecking project
May 16, 2019
Source: LNG Industry

KBR secures FEED contract for Oman LNG debottlenecking project

Oman LNG LLC has awarded the FEED contract for the LNG debottlenecking project at Sur facility to EPC giant, KBR Inc. The terms of the contract require KBR to deliver FEED services to carry out the debottlenecking project at the facility. The project aims at increasing production at Sur facility. The contract award to KBR reinforces Oman LNG’s commitment to knowledge sharing and enhancing staff competency.

Total to support Oman's natural gas sector
April 9, 2019
Source: World Oil

Total to support Oman's natural gas sector

Total has signed a Heads of Agreement (HoD) with the Ministry of Oil and Gas of the Sultanate of Oman. Under the scope of the agreement, Total will be granted the exploration license on Block 12 in Central Oman with. A definitive agreement in the coming months will give Total 100% working interest and operatorship of the exploration block with significant prospective gas resources.

Oman inks deal with Shell, Total
Feb. 22, 2019
Source: Muscat Daily

Oman inks deal with Shell, Total

Oman’s Ministry of Oil and Gas has reached an interim agreement with oil supermajors Shell and Total in order to develop integrated gas projects in the country. Signed on Wednesday, the agreement puts into detail the funding and a work plan for 2019 to develop the gas resources to fulfill Oman’s rising energy demand.

DNO’s Oman Block 8 license expires
Jan. 4, 2019
Source: World Oil

DNO’s Oman Block 8 license expires

DNO Oman Block 8 Limited has given up operatorship and participation in Oman Block 8 to Sultanate of Oman's Ministry of Oil and Gas and state-owned Oman Oil Company Exploration and Production LLC, informed DNO ASA. DNO Oman Block 8 Limited is a subsidiary of DNO ASA. In the handover ceremony held at Muscat, DNO’s MD informed that Block 8 produced 35 MMbbl of oil.

Petrofac secures $115m contract in Oman
Dec. 18, 2018
Source: World Oil

Petrofac secures $115m contract in Oman

US oilfield service provider, Petrofac has secured a $115 million contract for the development of the Qarn Alam Co-Generation Project in Oman. The project will require Petrofac to install and commission a Gas Turbine Generator Package with one Heat Recovery Steam Generator at the power plant. The plant is intended to support oil extraction in Oman’s central region. The 36 month-long project will be managed from Petrofac’s Muscat office.

BHGE inaugrates its first artificial  lift facility in Oman
Dec. 12, 2018
Source: World Oil

BHGE inaugrates its first artificial lift facility in Oman

Baker Hughes, a GE company has taken an initiative to enhance oil production, optimize production and save costs in Oman. The energy major has joined forces with the Petroleum Development Oman (PDO) for the same. They will be opening the first artificial lift systems assembly and repair facility in Oman in order to support PDO’s operations and customers in the region.

Petronas to buy stake in Al Khazzan
Oct. 22, 2018
Source: The Star

Petronas to buy stake in Al Khazzan

After a bidding held by Oman Oil Company, Malaysia’s Petronas informed that its subsidiary, PC Oman Ventures Ltd, will buy 10% stakes in Al Khazzan gas field of Oman. The subsidiary of Petronas will procure the stakes in Block 61 of the field and its expected production capacity is 1.5 billion cubic feet per day by 2020. Oman Oil Company Exploration and Production has 40% stakes in the block.

Oman Oil inks contract with Gulf Energy
Sept. 10, 2018

Oman Oil inks contract with Gulf Energy

Oman Oil Company entered into a partnership with Thailand-based Gulf Energy Development to construct the Duqm power and water plant project. The project is located in Duqm Special Economic Zone. With an installed capacity of around 326 MW, the Duqm project will be a 1,667 cubic metres per hour water facility. The project will support the Oman Oil’s Infrastructure Vertical strategic vision.

Oman seeks major tie-ups to enhance production
April 25, 2018

Oman seeks major tie-ups to enhance production

According to the daily National, Oman, the largest oil producer in the Middle East region, is looking forward to setting up deals with global oil giants like Shell, Total and Eni for hydrocarbon exploration in an attempt to raise production in the sultanate. The contracts would combine bilateral tie-ups, alongside awards offered last year in a licensing round.

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