Monday, August 19, 2019
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The latest oil & gas and energy news from the Middle East – only on Business Live ME.

Dhofar Wind Farm marks a major milestone, starts generating electricity

Dhofar Wind Farm has achieved a major milestone by producing its first kilowatt hour of electricity after the project’s first wind turbine was connected...

Fujairah’s refined oil product stocks see eight-week high

Fujairah’s refined oil product stockpiles saw an eight-week high with a 10% jump to 21.253 million barrels in the week to Aug 12, Fujairah...

Saudi Aramco Springs No Surprises at Gentle First Results Call

(Bloomberg) -- Saudi Aramco’s senior executives can breathe a collective sigh of relief after the company’s first-ever earnings call with investors. The half-hour event was...

China CNPC extends Oman oil production contract for 15 years

China CNPC has extended its contract for developing an aged oilfield in Oman for another 15 years, Reuters quotes Chinese state oil and group...

Abu Dhabi Adnoc Acquires 10% Stake in Vitol Oil-Storage Unit

(Bloomberg) -- Abu Dhabi National Oil Co. is acquiring a 10% stake in Vitol Group’s worldwide fuel-storage business, boosting its capacity to store and supply...

Oman’s Wind Energy Project – Change is in the Air

Oman has been developing numerous renewable energy projects in a bid to shift towards a post-oil economy. The wind energy project in Dhofar is...

Saudi Arabia’s Business Gauge Slowed to Five-Month Low in July

(Bloomberg) -- A measure of activity in Saudi Arabia’s non-oil private sector dropped in July for the first time this year, hitting a five-month low...

EOR Projects to Drive PDO’s Growth

More than 23 per cent of Petroleum Development Oman’s production is expected to come from Enhanced Oil Recovery (EOR) projects by 2025. PDO is...

ASYAD launches dedicated call-centre for ports customers

ASYAD Group, Oman’s integrated logistics provider, has launched a dedicated call centre to augment its customer services for their growing number of national, regional...

Saudi Aramco Cuts All Oil Pricing for September Sales to Asia

(Bloomberg) -- Saudi Arabia, the world’s biggest oil exporter, lowered pricing for September sales of all crudes to Asia while raising prices to buyers in...