Turning waste cooking oil into liquid gold
Biodiesel production from Used Cooking Oil (UCO) and other biowaste streams has the potential to grow exponentially in the Sultanate of Oman thanks to two key drivers: Firstly, burgeoning...
BP acquires 49% stake in Oman’s Hyport Duqm green hydrogen project
MUSCAT: Energy major BP is acquiring a 49-per cent stake in Hyport Duqm, a gigawatt-scale green hydrogen and green ammonia project planned for implementation at Duqm in the southeast of the Sultanate...
UK’s SNF plans polymer plant to support Oman’s chemical EOR sector
MUSCAT: Underscoring Oman’s increasing reliance on Enhanced Oil Recovery (EOR) to sustain oil and gas production, SNF — the world’s leading provider of integrated solutions for chemical-EOR —...
US firm acquires drilling services contractor KCA Deutag for $1.97 bn
MUSCAT: Prominent US based drilling services provider Helmerich & Payne (H&P) has confirmed that it has acquired leading drilling services contractor KCA Deutag International Limited in a deal worth...
Dry port, logistics to be factored into new Ibri Structure Plan
MUSCAT: Leading international urban planning and architectural design firm Broadway Malyan has announced it has been commissioned by Omani authorities to develop a structure plan for the city of Ibri...
Draft regulatory framework on Open Banking unveiled in Oman
MUSCAT: Ahead of the formal introduction of Open Banking – a tech-driven service with the potential to transform the banking and financial services industry – the Central Bank of Oman (CBO) has...
New JV to set up 10 GW solar PV project in Oman
Muscat: An Omani investor has joined hands with a Chinese tech firm to support the establishment of a major Solar Photovoltaic (PV) cell and module production plant in the Sultanate of Oman – a move...
OIA targets opportunities across Oman’s hydrogen value chain
MUSCAT: Oman Investment Authority (OIA) says it is poised to play a significant role across key facets of the hydrogen value chain with the goal of unlocking its full potential for investment and...
PDO trials use of nanospheres to unlock difficult oil
MUSCAT: Petroleum Development Oman (PDO), the country’s biggest oil and gas producer, is preparing to trial the use of nanospheres – microscopically small particles – to unlock difficult oil...
No new aircraft orders on anvil, but pending deliveries awaited: Oman Air CEO
MUSCAT: A four-year transformation plan adopted by national carrier Oman Air to enable a return to operational profitability by 2027 does not envision any immediate plans for investments in new...
Oman to roll out new policy on recycling, waste management
MUSCAT: The Omani government is formulating a new policy framework to promote recycling as part of a broader waste management strategy, according to the head of the country’s Environment...
Waste recycling sector moves into higher gear in Oman
MUSCAT: Spurred by its strategy to divert solid waste away from landfills and into commercially viable recycling activities, be’ah – the solid waste management entity of Oman – says it has made...
Oman Air targets operating profitability by 2026
MUSCAT: A four-year transformation plan launched by Oman Air seeks to enable the national carrier to achieve, among other objectives, an operating profit by 2026 – a business goal that has eluded...
be’ah advances energy recovery and circular economy projects in Oman
MUSCAT: be’ah, the municipal and solid waste management agency of the Sultanate of Oman, is pressing ahead with the implementation of an array of initiatives aimed at unlocking energy and other...
be’ah, OQ Trading collaborate to capture landfill gas in Oman
MUSCAT: Oman Environmental Services Holding Company (be’ah), the state-owned entity overseeing the management of municipal and solid waste in the Sultanate of Oman, says it is partnering with OQ...
PDO evaluating bids for two 100 MW wind projects
MUSCAT: Petroleum Development Oman (PDO), the country’s biggest oil and gas producer, has announced progress in the development of a string of renewable energy projects designed to support the...
Copper production picks up pace in Oman
Muscat: Developmental work on a string of key copper mining projects is making headway at various locations around Oman, positioning the country as an emerging producer of a critically important metal...
Heavy oil production from Oman Mukhaizna field tops 600m barrels
MUSCAT: Crude production from the Mukhaizna heavy oil field in Block 53 has grossed 600 million barrels as of end-2023-end, according to Oxy Oman, the operator of this pivotal field in central...
Omani e-ecommerce market to hit $1.24 bn in value in five years
MUSCAT: Oman’s e-commerce market is projected to balloon in value to $1.24 billion in 2029 from around $660 million presently, per growth targets envisioned under the National Programme for the...
Oman’s old airport terminal to make way for mixed-use commercial hub
MUSCAT: Plans for the redevelopment of the old terminal at Muscat International Airport open up a sprawling 50,000 sq metre site for investment in an upscale multipurpose commercial hub that will...