WorldOil CGG wins three-year contract extension for Oman Dedicated Processing Center PDO operates a concession in Oman that covers almost one third of the country’s land surface area. This makes the DPC a critical proving ground for deploying new technology and workflows that can meet the highly variable imaging requirements of PDO’s exploration and production activities. Oman stakes its largest oil block to raise billions in new bonds Oman is seeking to raise money off the back of its largest oil block, as the cash-strapped Gulf nation looks for new ways to tame its budget deficit and steady a reeling economy. Natural gas investments to climb, despite present demand weakness Gas projects planned or under development in the region will require around $211 billion in investment between 2020 and 2024, Arab Petroleum Investments Corp. said Monday in a statement. BP kicks off gas production at Oman’s Ghazeer field Total production capacity from Block 61 is expected to rise to 1.5 Bcfd and more than 65,000 bpd of associated condensate. With an estimated 10.5 Tcf of recoverable gas resources, the block has the capacity to deliver approximately 35% of Oman’s total gas demand. Tendeka awarded five-year contract extension with Oman operator Independent global completions service company Tendeka has been awarded a five-year contract extension to supply a major operator with zonal isolation technologies for all fields in Oman. Oxy debates selling down Middle East assets to reduce debt Occidental Petroleum Corp. is reviewing options for its Middle Eastern assets as it seeks ways to reduce its debt pile, people familiar with the matter said. OPEC+ agrees to redistribute oil cuts under Saudi pressure OPEC+ will adjust its output target and redistribute production cuts between its members under pressure from Saudi Arabia. First oil Another mixed outlook awaits the EandP sector OPEC+ meets in Abu Dhabi, with deeper cuts off the agenda for now Ministers from OPEC+ are gathering in Abu Dhabi with deeper production cuts off the agenda for now, but with a backdrop of growing concern about the strength of oil demand as the global economy slows. BP, Eni to cooperate in Central Oman EandP deal BP and Eni today signed an exploration and production sharing agreement for Block 77 in central Oman, covering a total area of more than 2,700 square kilometers.