Oil prices have plunged following the collapse of the OPEC/non-OPEC talks on production cuts and Saudi Arabia’s subsequent announcement that it will increase production from next month
Industry
A longstanding partner in Oman’s oil and gas industry
Halliburton has been at the forefront of Oman’s oil and gas industry development for more than 55 years
OPEC Conference recommends production cuts
The OPEC Conference has recommended an extension of the adjustment levels agreed at the last OPEC and non-OPEC ministerial meeting and a further reduction of 1.5 mn bpd until 30 June
ExxonMobil proposes framework for industry-wide methane regulations
ExxonMobil has released a model framework for industry-wide methane regulations and urged stakeholders, policymakers and governments to develop comprehensive, enhanced rules to reduce emissions in all phases of production
Deep Casing Tools expands footprint in major international regions
Leading oil and gas technology development company Deep Casing Tools (DCT) has increased turnover by 120 per cent in 2019 after strategic growth plans saw the company expand its headcount and footprint in major international regions