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Sultanate’s total oil reserves at around 4,843 million barrels at the end of 2019

The Sultanate’s total oil reserves stood at around 4,843 million barrels at the end of 2019, approximately 52 million barrels higher compared to the...
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Shafiq Ahmed Saleh Abdelhamid

Drake and Scull International announces 2019 audited financial results

Drake & Scull International PJSC (DSI), a regional market leader in the integrated design, engineering and construction disciplines of Mechanical, Electrical and Plumbing (MEP),...
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Oman signs new exploration and production sharing pact

The Ministry of Oil and Gas signed on Wednesday a new Exploration and Production Sharing Agreement (EPSA) with a joint-venturing consortium of Total E&P...
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Energy Markets Need Winter, and Climate Change Is Taking It Away

Energy Markets Need Winter, and Climate Change Is Taking It Away

(Bloomberg) -- Even before the deadly virus struck, another menace confronted the global energy industry: the warmest winter anyone can remember. Russia’s winter was so balmy...
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A Tale of Two Oil Giants With Two Strategies That Aren’t Working

A Tale of Two Oil Giants With Two Strategies That Aren’t Working

(Bloomberg) -- Everyone from environmentalists to investors is beating up on fossil fuels, and American energy giants Exxon Mobil Corp. and Chevron Corp. are taking...
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Logistics giant Panalpina sets up office in Oman

Panalpina, an international freight forwarding and logistics company based in Switzerland, is soon planning to set foot in Oman with its office opening in...
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U.K. Navy Intervenes After Iran Tries to Stop British Oil Tanker

(Bloomberg) -- The British Navy intervened to stop Iran from blocking a BP Plc oil tanker, the U.K. government said, in the latest evidence that...
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Saudi Arabia, Kuwait Make Breakthrough in Neutral Zone Talks

(Bloomberg) -- Saudi Arabia and Kuwait are the closest in years to restoring oil output from the neutral zone shared by the neighboring nations after making a...
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Schneider electric

Schneider Electric ranked 11th in Supply Chain Top 25

The Gartner Supply Chain Top 25 has ranked Schneider Electric 11th for 2019. They have also received the Gartner’s 2019 Industrial Manufacturing Supply Chainnovator...
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oman oil production

Oman sees a rise in Standard Grade Petrol Production by 41%

The production of standard grade petrol (M-91) by Omani refineries has increased by 41% to touch 13.41 million barrels till the end of November...
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