Exploration & Production

Fluor awarded offshore contract in Abu Dhabi

Umm-Shaif-complex

Adma-Opco awarded Fluor Corporation a front-end engineering and design (Feed) contract to develop new offshore facilities in Abu Dhabi.

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TAQA invests US$ 45.7mn in WesternZagros shares

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TAQA has made a strategic investment by purchasing 74mn common shares of WesternZagros worth US$ 45.7mn through private placement which gives TAQA 19.9per cent stake in the company.

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IEA and OPEC cut oil demand forecasts for 2011 and 2012

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The International Energy Agency (IEA) and OPEC have cut growth estimates for oil demand in 2011 and 2012 as global economic conditions worsen.

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BP postpones Oman investment decision to 2013

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BP will make a final decision on whether to go ahead with a potential US$15 billion investment in Oman's Khazzan tight gas project in February 2013, Jonathan Evans, general manager of BP Oman said recently.

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Oman to boost Sohar refinery capacity by up to 50 per cent

Oman_Sohar

Oman plans to boost capacity at its Sohar refinery by up to 50 per cent by 2016 to satisfy its own rapidly rising fuel demand, the chief executive of Oman Oil Refineries and Petroleum Industries Company (Orpic) said.

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