Monday, June 24, 2019
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The latest oil & gas and energy news from the Middle East – only on Business Live ME.

Strategic projects to drive Oman’s economy

The Sultanate is currently implementing strategic projects worth more than $25 billion in the oil and gas sector to sustain economic diversification, according to...

OPEC+ Job Isn’t Done as Oil Inventory Rising, Minister Says

(Bloomberg) -- Efforts by OPEC and its allies to balance the global supply and demand of oil aren’t complete because crude inventories continue to...

Delivering Engineering Excellence

Seven Seas Petroleum is on the road to become the largest turnkey solution provider in Oman’s Industrial market Seven Seas Petroleum LLC, a major Omani...

Aramco Pumping Stations Targeted in Drone Attack

(Bloomberg) -- Saudi Arabia said Tuesday that unidentified drones attacked two pumping stations belonging to Saudi Aramco, forcing the state oil company to suspend...

Renewables to drive energy demand by 2040

Renewables is slated to become the largest source of global power generation by 2040 and natural gas is set to replace coal as the...

PDO day celebrates Staff Excellence

Petroleum Development Oman (PDO) on Sunday celebrated its annual PDO Day which is held every year to mark the anniversary of His Majesty Sultan...

Middle East Oil Grab Hits Fever Pitch as Supply Squeeze Persists

(Bloomberg) -- Oil refiners across Asia are bidding up crude prices from Abu Dhabi to Oman as they compete for supplies to make up for...

Samsung launches Triple Inverter ACs

Samsung Gulf Electronics is poised to make a dramatic impact in the Oman air conditioner (AC) market with the launch of the AR4000K Triple...

Abu Dhabi Said to Weigh Multi-Billion Dollar Gas Pipeline Deal

(Bloomberg) -- Abu Dhabi National Oil Co. is seeking to raise billions of dollars from its natural-gas pipelines, months after the state-owned explorer got...

PDO sponsored trainees enter job market

Petroleum Development Oman (PDO) celebrated the graduation of 498 young Omanis from Company-sponsored training programmes to take up full-time employment. The trainees were the 15th...