Sunday 26 February 2017
 
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hydrocarbons

Oman steps up hunt for hydrocarbon resources

Oman plans to drill a number of exploration wells in Blocks 3 & 4 targeting prospective hydrocarbon resources, Swedish based international oil and gas firm Tethys Oil was quoted as saying. The Swedish company said it also plan

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Oil, gas to play major role in energy mix ‘for decades’

Oil and gas will continue to play a significant role in the future energy mix for decades to come as the world transitions to a sustainable energy future, president and CEO of Saudi Aramco Amin Nasser said at the World Economic Forum (WEF) in Da

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Low oil slows Kuwait’s non-oil expansion: IMF

Economic activity in Kuwait’s non-oil sector continued to expand in 2016, albeit at a slower pace, reflecting the impact of lower oil prices, said an IMF report. Non-hydrocarbon growth slowed from 5 per cent to an estimated

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Low oil slows Kuwait’s non-oil expansion: IMF

Economic activity in Kuwait’s non-oil sector continued to expand in 2016, albeit at a slower pace, reflecting the impact of lower oil prices, said an IMF report. Non-hydrocarbon growth slowed from 5 per cent to an estimated

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Daleel to boost use of ultra-thin reservoirs

Daleel Petroleum, a Muscat-based oil and gas exploration and production firm plans to harness the hydrocarbon potential of ultra-thin carbonate reservoirs to help boost the reserves potential of its Block 5 concession in Oman. &ld

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Mideast growth seen beyond oil and gas sector

The Middle East is well placed to diversify its economy away from oil and gas, with growth potential in numerous sectors such as solar power, tourism, finance, according to a new report by UBS, the world's largest global wealth manager.

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Occidental Oman to explore hydrocarbon options in Block 53

Occidental Oman (Oxy), the largest independent oil and gas producer in the Sultanate, plans to uncover the hydrocarbon potential in its Block 53 licence, a report said. “Recently we have started our exploration programme whe

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Kuwait's hydrocarbon wealth supports its economy

Kuwait's ample hydrocarbon assets will also provide a buffer allowing its public finances to withstand the impact of lower oil prices, said an industry expert. "Kuwait's government revenues are sensitive to oil price

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Kuwait's hydrocarbon wealth supports its economy

Kuwait's ample hydrocarbon assets will also provide a buffer allowing its public finances to withstand the impact of lower oil prices, said an industry expert. "Kuwait's government revenues are sensitive to oil price

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Oman, Bahrain ‘most affected’ by oil price slump

While lower oil prices affect all GCC countries, they do not react the same way, an industry expert said, highlighting that Oman and Bahrain are the most affected, whereas Saudi Arabia, UAE, Kuwait and Qatar are less impacted.

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