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2014-03-05 16:38:00

OMAN TO INCREASE GAS

OMAN TO INCREASE GAS

Oman to increase gas production by 18%

Oman has announced that it expects to see a significant increase in its natural gas output over the next five years.

Oman will raise its gas output to around 120 million cubic metres per day between now and 2018, an increase of 17.63% from last year.

The country also expects to see a modest increase in its oil and condensate production which is expected to average around 950,000 barrels per day, an increase of 2% from last year’s figures. 

Oman’s output is struggling to keep pace with increased domestic demand. The country’s Khazzan tight gas project is expected to dramatically increase production levels when it comes online in 2017, contributing an estimated 28 million cubic metres per day to Oman’s gas production figures.

Tags: OMAN, GAS

Chronicle:

OMAN TO INCREASE GAS
2017, December, 18, 12:20:00

AUSTRALIA STOPS COAL

PLATTS - National Australia Bank announced Thursday it will no longer provide financing for new thermal coal projects.

OMAN TO INCREASE GAS
2017, December, 18, 12:15:00

EXXON - PETROBRAS ALLIANCE

Petrobras and ExxonMobil signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.

OMAN TO INCREASE GAS
2017, December, 18, 12:10:00

EXXON BOUGHT MOZAMBIQUE

ExxonMobil Development Africa B.V. has acquired a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsibility for midstream operations.

OMAN TO INCREASE GAS
2017, December, 18, 12:05:00

U.S. RIGS DOWN 1 TO 930

U.S. Rig Count is down 1 rig from last week to 930, with oil rigs down 4 to 747, gas rigs up 3 to 183, and miscellaneous rigs unchanged. Canada Rig Count is up 19 rigs from last week to 238, with oil rigs up 22 to 134 and gas rigs down 3 to 104.

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