Monday, August 19, 2019

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...
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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...
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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...
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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...
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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...
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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...
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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...
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London Heathrow Airport strike: Oman Air issues advisory

London Heathrow Airport will see a cancellation of 177 flights on Monday and Tuesday after talks between the Union and Heathrow Management stalled over...
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October Oman Cargo sold at OSP +$0.20 per barrel

Oman’s Ministry of Oil and Gas (MOG) sold a cargo of Oman blend crude via DME Auctions on Wednesday, achieving a strong premium above...
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Aramco to Finish Pipeline Expansion, Reducing Reliance on Hormuz

(Bloomberg) -- Saudi Aramco expects to complete the expansion of an oil pipeline that runs east-west across the country by September, according to a person...
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