Tender launched for laying of subsea power cable to Masirah Island
MUSCAT: Oman Electricity Transmission Company (OETC), the operator of the nation’s power transmission grid, has launched a competitive tender for the installation of a subsea power cable that will...
Key study sees potential for expansion of Oman’s LNG capacity
A key study commissioned by OQ Gas Networks (OQGN) – the wholly state-owned operator of the nation’s gas transportation system – has concluded that gas demand in the Sultanate of Oman is...
OQGN foresees major roles in hydrogen, CCUS projects in Oman
Wholly state-owned OQ Gas Networks (OQGN) – the sole owner and operator of Oman’s national gas transportation system – envisions significant roles for itself in the successful realization of a...
Development of Oman’s newest economic zone kicks off
Initial groundwork on a new integrated economic zone, designed to capitalize on an upsurge in investment and economic seen the Sultanate of Oman and the Kingdom of Saudi Arabia, is set commence in...
Oman’s waste recycling potential valued at around $1 billion
MUSCAT: Oman Environmental Services Holding Co (be’ah), tasked with overseeing the management of the nation’s solid waste sector, has assessed the economic potential of Oman’s burgeoning waste...
OQ to divest 40% stakes in Oman Blocks 60 & 48 for RO 548m
MUSCAT: OQ, the wholly Omani government-owned integrated global energy group, says it aims to wrap up the execution of a transaction linked to the sale of a 40 per cent stake in its flagship upstream...
Maha Energy gets extension for production testing of Block 70
MUSCAT, Sept 15In a significant boost for its bid to unlock the heavy oil potential of its Block 70 licence in central Oman, Swedish-based energy firm Maha Energy says it has been granted an extension...
Oman to showcase new space industry potential at Jan ’24 expo
MUSCAT: Seeking to ignite the growth of a new space-based economy in the Sultanate of Oman, the Ministry of Transport, Communications and Information Technology (MTCIT) will host next January a major...
Oman government announces offer to buy back outstanding bonds
MUSCAT: The Sultanate of Oman, represented by the Ministry of Finance, has announced a tender offer to purchase for cash up to $1.5 billion worth of its outstanding bonds.The tender offer is part of...
Omani non-oil exports to Saudi Arabia soar to $2.4 bn in value
MUSCAT: Omani non-oil exports to Saudi Arabia surged to around $2.4 billion in 2022, up from $1.68 billion a year earlier — a significant 33.9 per cent uptick that illustrates resurgent efforts by...
Sembcorp Jinko Shine Co to develop Oman’s Manah II Solar project
MUSCAT: Sembcorp Jinko Shine Co SAOC, a newly established company registered in the Sultanate of Oman to develop and operate a new solar Independent Power Project in the Wilayat of Manah (dubbed Manah...
IPO of OQ Gas Networks potentially worth $700 – 800m
MUSCAT: A keenly anticipated Initial Public Offering (IPO) by OQ Gas Networks (OGGN), the exclusive owner and operator of Oman’s gas transportation system, could be potentially worth between $700...
Vale’s vision for mega steel hub in Oman gets further boost
Muscat, Sept 8Boding well for the growth of a global network of green steel industrial complexes in a number of countries around the world, including Oman, mining conglomerate Vale SA has announced...
Solar power spurs shift back to daytime consumption in Oman
MUSCAT, SEPT 6Large industrial and commercial customers of electricity who are subject to subsidy-free Cost Reflective Tariffs (CRT) are gradually shifting their demand back to the afternoon period to...
Oman’s OQ Group posts revenue of RO 5.8 bn for H1 2023
MUSCAT, SEPT 5OQ Group, the integrated global energy conglomerate of the Sultanate of Oman, has posted revenues of RO 5.888 billion for the first half of this year, versus earnings of RO 7.734 billion...
PDO explores utilisation of green hydrogen in its decarbonisation strategy
MUSCAT: Petroleum Development Oman (PDO), the nation’s biggest oil and gas producer, envisions a significant role for green hydrogen in its ambitious strategy to become a Net Zero energy company by...
Omani RE veteran named CEO of new Wadi Noor Solar Power
MUSCAT: Newly launched Wadi Noor Solar Power Company (WNSPC), the joint venture undertaking the implementation of a new 500 MW solar PV based Independent Power Project (IPP) at Manah in Al Dakhiliyah...
Private sector invited to develop 4 Oman Post sites
MUSCAT: Asyad Group, Oman’s global integrated logistics provider, is offering four land plots belonging to its wholly-owned subsidiary Oman Post for private investment and redevelopment into...
PDO eyes 659,000 bpd of oil in 2023
MUSCAT, Sept 1PDO Petroleum Development Oman, the biggest oil and gas producer of the Sultanate of Oman, is targeting production of 659,000 barrels per day (bpd) of oil and 90,500 bpd of condensates...
PDO firms up plans for two wind farm projects in Oman
MUSCAT: Building on its pioneering and broad-based renewable energy development strategy, Petroleum Development Oman (PDO0, the biggest oil and gas producer in the Sultanate of Oman, has progressed...