OQ Alternative Energy, the green energy arm of Oman’s OQ Group plans to develop renewable energy projects with a total capacity of around 2 gigawatt (GW) to support the clean energy needs of oil and gas companies, as well as industrial zones, according to a report by Oman Daily Observer. Top officials of the unit […]
Oman
Posted inNews
Oman, UAE sign major deal with Brazilian mining giant
Oman and the UAE have signed a major deal with Brazilian mining giant Vale to begin transporting iron ore between the two countries. The Oman and Etihad Rail Company, the developer and operator of the UAE-Oman Rail Network, has signed a Memorandum of Understanding (MoU) with Vale, one of the world’s largest mining companies. Oman and […]
Posted inExploration & Production
Oman eyes significant production increase from offshore Block 50
Operator of offshore Block 50 Masirah Oil Ltd says it is pressing ahead with a strategy to ramp up output from the field during 2023. Block 50, covering an area of approximately 17,000 sq km, located in Oman’s Gulf of Masirah, is 100 per cent owned by Masirah Oil Limited. Buoying hopes for an uptick […]
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Gulf Energy lands $100 million contract extensions in Oman
Gulf Energy, an affiliate of National Energy Services Reunited (NESR), has secured multiple contract extensions worth $100 million from several clients, NESR said in a statement. The new contracts range in duration for different clients and reflect the strong mutual trust with the client base in an improving oilfield services landscape, NESR said. Gulf Energy […]
Posted inEnergy Transition
Oman signs deal with Japanese firms to build low-carbon plant in Duqm
Oman’s Public Authority for Special Economic Zones and Free Zones has signed an agreement with Japanese steel manufacturer Kobe Steel and Mitsui & Co., to develop low-carbon iron metallic project in the Special Economic Zone at Duqm (SEZAD). The project is expected to produce five million tonnes of Direct Reduced Iron (DRI) annually. By using […]
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Oman set to become GCC’s fastest growing economy in 2023: Report
Oman is projected to become the fastest growing economy within the the oil exporters of the six-member Gulf Cooperation Council (GCC) in 2023 with growth seen at 4.3%, according to a report from World Bank. Rating agency S&P last week revised Oman’s outlook to positive, from stable. It said the government was repairing its balance […]
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Oman announces $3.8 billion projects across sectors
Oman Investment Authority (OIA) has announced 36 investment opportunities worth $3.8 billion covering various industries. Hisham Ahmed Al Sheedi, Director General of Economic Diversification at OIA said that these investment opportunities will potentially ensure better alignment and synergy between OIA and other government and private entities. He noted that the opportunities are distributed across several […]
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Dubai’s Emirates issues travel warnings over deadly Marburg virus
Travelers are advised to postpone trips unless absolutely necessary
Posted inNews
Oman offers three oil and gas blocks in latest licensing round
Oman is offering three oil and gas concession areas, Blocks 15, 36 and 54, for investments by local and international local companies, the Ministry of Energy and Minerals said on Sunday. The offering is open between March 26 and June 25, according to the statement published on Twitter. Block 15 is located in the Sultanate […]
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Petrofac’s technical training center celebrates five successful years
Takatuf Petrofac Oman (TPO), which provide hands-on technical training and national and international qualifications for technicians working in the energy and manufacturing sectors, celebrated its fifth anniversary at its technical training institute in Muscat, Oman. Established in 2018 by Takatuf, Oman-based consultancy firm and joint venture partner Petrofac, TPO has established itself as one of […]
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