Abu Dhabi National Oil Company (ADNOC) today announced a new gas find with 80 trillion standard cubic feet (TSCF) of shallow gas resources, which could contribute...
(Bloomberg) — Everyone from environmentalists to investors is beating up on fossil fuels, and American energy giants Exxon Mobil Corp. and Chevron Corp. are taking increasingly diverging...
(Bloomberg) — January delivered a hefty slice of volatility for oil and global energy stocks as the spreading coronavirus shocked investors. But in Riyadh, shares in Saudi...
(Bloomberg) — Saudi Basic Industries Inc. expects earnings to come under further pressure this year from sluggish economic growth and an oversupply of petrochemicals. The shares fell....
(Bloomberg) — The world’s largest energy traders enjoyed one of their best-ever years in 2019 as pipeline outages, dramatic changes in ship fuel regulations and Middle East...
(Bloomberg) — Oil tumbled on fears China’s deadly coronavirus will crimp demand, prompting Saudi Arabia to say it was closely monitoring the situation. Futures in London and...
Petroleum Development Oman (PDO) has drilled the 1,000th well at Marmul–Rahab–Thuleilat–Qaharir (RTQ) cluster located in South Oman. This is the second time that a PDO oil...
The German company PSI Software AG conducted its annual training session for Engineering students at the German University of Technology in Oman (GUtech). Following the signing...
(Bloomberg) –Saudi Aramco is still considering listing shares abroad, the kingdom’s Finance Minister Mohammed Al-Jadaan said. “It’s still on the cards, we made that very clear,”...
As part of its efforts to broaden its services and serve the Sultanate’s expanding fuel needs, Oman Oil Marketing Company has entered into a long-term fuel...
