Oxy is pressing ahead with development of its newly streamlined Mideast portfolio, targeting first output from its new Oman assets in 2021 followed by Abu Dhabi in 2022.

A renewed focus on Oman and Abu Dhabi has revitalized the Middle East portfolio of US independent Occidental (Oxy). Having trimmed the fat from 2013-17, the US firm has embarked on a tightly focused expansion drive, with its most recent acquisition being an onshore exploration block in Abu Dhabi that it secured last week (...