Oman Oil Company is in talks with Occidental Petroleum Corp to buy its assets in the sultanate but is still waiting to know the specifics of the potential sale from the US company, the Omani firm's chief executive said on Tuesday.
Occidental Petroleum Corp is facing delays in its efforts to sell its stake in its Middle East business due to regional disputes over the Muslim Brotherhood, according to Bloomberg.
The oil and gas producer had said in October las
Bahrain-based Tatweer Petroleum said its drilling fluids laboratory has achieved the ISO 9001:2008 certification in recognition for quality management.
Tatweer is a joint venture between National Oil and Gas Authority Holding (Nog
Three state-owned Gulf firms are considering a joint bid for a minority stake in Occidental Petroleum Corp's Middle East and North Africa (Mena) unit, a deal that could be worth between $8 billion and $10 billion, three banking sources said.
Bahrain saw oil production increase 33 per cent last year, having risen by 24 per cent the previous year, said Energy Minister Dr Abdulhussain Mirza.
This has been due to the hard work by Tatweer Petroleum, the joint venture between nogaho
US oil giant Occidental will begin drilling for gas at the Bahrain Field 'any time now', said a senior government official.
'Cabinet approval for the deal has been received and a royal decree is set to be issued this week,'
Tatweer Petroleum's operations and plans were discussed at a key board meeting on Tuesday.
Energy Minister Dr Abdulhussain Mirza chaired Tatweer's eighth board meeting which included representatives from Occidental, Mubadala and No
US-based Occidental Petroleum Corp and South Korea's Kogas have received their first cargo of crude oil as payment for helping to develop Iraq's Zubair oilfield, shipping sources told Reuters on Monday.
The vessel Hellespont Trooper left B
Tatweer Petroleum Company, the ambitious new oil venture of Bahrain, discussed several organisational issues as well as the audit plan at the company's board of directors meeting.
Tatweer is a joint venture between National Oil and Gas Aut
Production should begin by the middle of 2014 at the Shah gas project being developed by Occidental Petroleum and Abu Dhabi National Oil Company (Adnoc), a senior official said on Monday.
Occidental won the contract to participate in the s