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Oman plans $10bn spend in 3 onshore projectsState-owned Petroleum Development Oman (PDO) recently announced plans to invest about $10 billion into three major onshore projects over the next five to 10 years, a report said. The three initiatives earmarked for development &nd More… |
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Oil price slump causing onshore project delaysThe substantial fall in oil prices has weakened the onshore market, causing project delays and a focus on reducing costs for pipeline owners, said an industry expert. “Despite this, the delays we have observed have a differe More… |
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Adnoc to spend $5bn on onshore projectsAbu Dhabi National Oil Company (Adnoc) plans to spend $5 billion till 2016 to boost oil output from its onshore operations to 1.8 million barrels per day (bpd), a senior executive said on Thursday. "We already spent $5 billion and we plan More… |
