Posted inNews

Oman to spend $5 billion on projects in 2023

Oman, the Middle East’s biggest oil producer outside OPEC, will spend $4.95 billion on investment projects in 2023, Oman Investment Authority (OIA), the nation’s sovereign wealth fund has announced. The investments will include about 65 new and existing projects in sectors including logistics, food and fisheries, energy, mining, services, and communications and IT, Reuters reported […]

Posted inExploration & Production

QatarEnergy wins offshore exploration block in Brazil

QatarEnergy, in a consortium with oil giants TotalEnergies and Petronas, have been awarded an offshore exploration block during the first cycle of Brazil’s open acreage under a production sharing regime bid held in Rio de Janeiro. Under the terms of the agreements, QatarEnergy will hold a 20% working interest, alongside the operator Petrobras (30%), TotalEnergies […]