By drilling wells in Morocco and Egypt, the British oil and gas exploration company SDX Energy achieved a turnover of USD 28.1 million by September against USD 7.6 million in 2016.
The SDX Energy drilling program, currently underway in Morocco, continues to outperform expectations. The UK based company has announced a daily average flow of 6.4 million cubic feet ofRead more
Iraq will support the decision to extend the deal of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries to cut oil output, if such decision is taken, Iraqi Oil Minister Jabbar Luaibi said Friday.
Speaking at a joint conference with Russian Energy Minister Alexander Novak, the minister told reporters that Iraq was in full compliance with andRead more
Developments in Egypt's giant gas field Zohr reached 83.5 percent as of August, the country’s petroleum ministry said in a statement on Monday.
Work on developing the field, which was discovered by Italian oil company Eni, aims to link the wells of the first stage to produce the targeted gas on time, the head of Petro Shourouk, which is workingRead more
An agreement to facilitate full time employment of Omanis was signed on Saturday.
The Public Establishment for Industrial Estates (PEIE) signed the Memorandum of Understanding (MoU) with the National Training Fund.
The MOU is to facilitate employment of trainees on full time basis following completion of their respective training programmes.
The National Training Fund would finance the programme following allocationRead more
French energy giant Total will finally sign its multi-billion-dollar agreement to develop an Iranian offshore gas field on Monday, the oil ministry said, in the biggest foreign deal since sanctions were eased last year.
"The international agreement for the development of phase 11 of South Pars will be signed on Monday in the presence of the oil ministry and managersRead more
M91 and M95 petrol have become cheaper for motorists in Oman this month, compared with March, after the government cut fuel prices on Friday.
According to an official notice released by the government, M95 petrol will now cost 192 baisas a litre, while the M91 will cost 180 baisas a litre. Diesel will cost 200 baisas a litre.
In March,Read more
U.S. stocks closed slightly higher after the close on Thursday, as gains in the Oil & Gas, Financials and Basic Materials sectors led shares higher.
The Dow Jones Industrial Average closed up 14.8 points, or 0.07 percent, to close at 20,662.95. The S&P 500 gained 4.54 points, or 0.19 percent, to 2,357.49 after reaching a session high of 2364.16 earlierRead more
When the sunset falls on the streets of Alexandria, Muamen al-Hawi and his daughter Sarah, walk every day between al-Manshiyya area, Raml Station, Miami or al-Asafra, they have no specific place, and they offer acrobats and dangerous games for pedestrians on their way.
Al-Hawi explained, in interview with Arabs Today, that he is a simple young man, 40 years old,Read more
Oman’s consumer inflation in February rose by 2.38 per cent year-on-year, mainly due to a 9.33 per cent price hike in the transport sub-segment and a 2.05 per cent rise in the housing, water, electricity, gas and other fuel sub-sector.
The foods and non-alcoholic beverages sub-segment logged a price decline of 0.10 per cent, while clothing and footwear prices fellRead more
After entering an agreement with Oil Gas Investment Fund (OGIF), Sound Energy PLC has already built two wells for their projected gas reservoir in the Tendrara region, and the third, TE-8, has reached its casing stage.
The TE-8, created to test the lateral extent of gas in the TAGI (Trias Argilo-Gréseux Inférieur) reservoir, has reached 2,977 meters in depth andRead more