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Oman anticipates finding more gas

Oman, the biggest Middle Eastern oil producer outside Opec, expects to discover and explore for more gas northeast of the sultanate in the area where the giant Mabrouk field is estimated to hold more than four trillion cubic feet of gas and 112 million barrels of condensate, the country’s oil and gas minister told S&P Global Platts.Already, Total and Shell are conducting downstream and upstream projects in Mabrouk that could cost more than $20 billion, Mohammed Al-Rumhi said.Oman, which...

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FANR issues over 1,000 licences...



US renews Chevron’s licence

The Trump administration renewed Chevron Corp’s licence for three months to drill for oil in Venezuela despite sanctions, a compromise between officials seeking maximum pressure to oust socialist President Nicolas Maduro and those favoring a longer renewal for the company.The Treasury Department renewed the licence through October 25 for Chevron, the last US oil company operating in Opec member Venezuela.In January, the United States imposed sanctions on Venezuela’s state-run oil company PDVSA...

Pemex spills more red ink

Mexico’s state oil company Pemex posted another quarter of major losses, weighed down by falling...

China crude demand up

Chinese independent oil refiners are snapping up crude cargoes from Russia, Oman, Africa and Brazil...

Petrobras cuts output target

Brazil’s state-run oil firm Petroleo Brasileiro cut its 2019 production target, sending its shares...




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