Oil & Gas

Muscat, June 8 (ONA)---- The report released by the Oil and Gas Ministry pointed out that the Sultanate's crude oil and condensates production in May 2012 amounted to (28,890,608) barrel or (931,955) barrel in average per day; an increase by (4.93%) compared to April 2012.

The report added that this level of production is considered the highest since nine years. The total exported crude oil in May 2012 amounted to (22,065,149 barrel, an average of (711,779) barrel per day (bpd).

Muscat. Oman LNG, a producer of liquefied natural gas (LNG) in the Sultanate of Oman, plans to sign new supply contracts in 2014 after BP starts developing an unconventional gas field.

Oman LNG now produces about 5 million metric tonnes a year of LNG and has as much as 2 million tonnes of spare capacity, Brian Buckley, the company's chief executive, said in an interview yesterday at a conference in Kuala Lumpur.
"We have been operating under capacity, but we have been meeting our contracts, Buckley said. "Oman LNG will utilise its spare capacity in the second half of this decade.

Domestic gas demand has 'increased enormously' as the nation builds chemical, aluminum and power plants, Buckley said. BP may finalise investment plans to extract tight gas, an unconventional supply, from an area in Oman next year, and output may start in 2015 or 2016, he said.

Muscat, May 29th 2012 – Marking 2011 as a paramount financial year with one billion liters in fuel sales, Oman Oil Marketing Company’s Retail Team was flown to Istanbul, Turkey in appreciation of their outstanding performance.

“Record sales were achieved as a result of dedicated efforts and exemplary team work. Our employees’ spirited commitment, desire to learn and innovative ideas build the platform on which the company succeeds,” said Hussain bin Jama Al Ishaqi, General Manager of Retail.

Al Ishaqi and CEO, Eng. Omar bin Ahmed Qatan joined the 23 Retail Team members on an all-expense paid trip to the ‘City on Seven Hills’. During the week, staff openly discussed their day-to-day activities, aspirations and opinions to improve efficiency. omanoil’s corporate culture empowers team members to proactively communicate to identify underlying problems and deliberate on solutions.

Strategic two-day event explores effective water management in the oil & gas industry

Dubai, 22 May, 2012 – The inaugural Global Water: Oil & Gas Summit opened today at the Mina A’Salam Hotel in Dubai’s Madinat Jumeirah. Organised by CWC Group, a leading events company focused on energy and infrastructure issues, the event brought together leading experts from the energy and water sectors to examine effective water management solutions in the oil and gas industry.

“Dubai is an ideal location to host this summit and we are honoured to receive the patronage of HH Sheikh Mohammed bin Maktoum bin Juma Al Maktoum,” said H. Frederic Ponton, CWC Group’s Director of Government Relations – MENA. “We are tackling two global issues particularly critical to this region – energy production and water conservation.”

Muscat, May 15th 2012 – Oman Oil Marketing Company (omanoil) has signed an Aviation Fuel Agreement with Etihad Airways, the world’s leading airline, to become the carrier’s sole provider in the Sultanate which flies to 84 destinations across the globe. The company will supply jet fuel to the entire fleet of aircrafts landing in Muscat International Airport and extend state-of-the-art technical, logistical and engineering support.

“Signing this contract with a world-renowned carrier of this caliber reinforces our globally-recognized aviation expertise and capabilities,” said Ahmad Kamel Mahmud, General Manager of Aviation and Marine Fuels at omanoil. “We remain committed to quality and efficiency in parallel to safety and security measurements of regulatory requirements, and have institutionalized a number of measures to control fuel quality at every stage of the supply chain, from the refinery to the plane.”

Muscat, May 11 (ONA)--- The monthly report released by the Oil and Gas Ministry pointed out that the Sultanate's crude oil and condensates production in April 2012 amounted to (26,645,094)  barrel or (888,170) barrel per day, a (1.97%) rise in comparison with the same period 2011.

The monthly report also added that the total exported crude oil in April 2012 amounted to (23,123,484) barrel, an average of (770,783) barrel per day.

The report pointed out that the Asian markets have received, as usual, the bulk share of the Omani crude oil exports. China topped the list of the Omani crude importers in April 2012 with (58.39 %), followed by Japan (14.25%) and Thailand with (9.08%).  

Muscat, May 8th 2012 – Oman Oil Marketing Company (omanoil) hosted prominent Islamic speaker, Sheikh Suleiman Abdulaziz Al Jubailan, as part of its collaboration with Rekaaz to campaign against peer pressure. Hosted at the company’s head office in Mina Al Fahal, the Sheikh reiterated the worth of ethical collective practices in cultivating social development.

Hailing from the Kingdom of Saudi Arabia, Sheikh Al Jubailan expressed that our social fabric is sewn together with the threads of virtue and benevolence, and a great society consists of people with self-respect as well as respect for others.

Gulf Petrochem Group, a leading player in the oil industry, has appointed Sagar Vaghani as senior trader at its Dubai office. Bringing over 10 years of professional experience in the UK, Middle East and Africa, Vaghani will be responsible for initiating trade for middle distillates, reinforcing the company’s expansion initiatives in key markets across the globe.

Sanjeev Sisaudia - Group CEO, Gulf Petrochem Group, said: “Initiating middle distillates trading will help sustain the gains we have achieved in the Middle East and give us greater leverage to further strengthen our presence globally. We ensure our commitment to product and service excellence as we continue to employ experienced industry professionals.”