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The latest oil & gas and energy news from the Middle East – only on Business Live ME.

Driven by social conscience

PDO aims to design and deliver projects that meet immediate social needs, are sustainable and offer the opportunity for the communities to help themselves As...

Fuel subsidy needs revision, World Bank studies say

Lubna Abdulatif, an expert to the World Bank (WB) at the Ministry of Finance said that the Ministry of Finance in collaboration with the World Bank has updated the operations for preparing and implementing the state budget in a bid to enhance the efficiency of public expenditure, reduce the financial risks and affirm the financial sustainability.

PDO Contracts Boost Omani Supply Chain

Petroleum Development Oman (PDO) has agreed two deals worth US$253.1 million to Omanise the provision of vital equipment for the oil and gas industry. The...

The World’s Fourth-Biggest Oil Producer Can’t Keep the Lights On

Iraq is fast becoming a global oil powerhouse, gaining stature in OPEC after it surpassed Canada this year as the world’s fourth-biggest producer. But...

Petrofac wins $800 million BP contract for Khazzan Phase 2

Petrofac has been awarded a contract worth $800 million by BP for Phase 2 of the Khazzan gas field. According to a Reuters news report,...

Rumhy confident of deal to extend output cut this month

Mohammed bin Hamad Al Rumhy, Minister of Oil and Gas, said  that he was confident there would be an agreement among global oil producers...

Digitalization is key to oil and gas sector growth in Oman:...

Siemens is highlighting technology’s ability to reduce production and operations costs within Oman’s oil and gas sector at the Oil & Gas West Asia Exhibition and Conference in Muscat.


US President Donald Trump’s first day in Saudi Arabia resulted in multiple business deals and strengthening of bilateral relations between the two countries. Before embarking...

UAE supports OPEC’s role in stabilising oil markets – Ministry official

The United Arab Emirates supports the role of the Organization of the Petroleum Exporting Countries (OPEC) in the stabilisation of oil markets, an official...

Shell Oman records highest ever net profit, AGM highlights robust performance

Shell Oman Marketing Company SAOG held the Annual Ordinary General Meeting (AGM) on 22 March 2016 to present the annual financial results of the...