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Energy

Energy giant BP extends shakeup with new CEO pick

LONDON: British energy giant BP, which this year shelved targets on reducing carbon emissions, has appointed industry veteran Meg O'Neill to be chief executive from April, replacing Murray Auchincloss who stepped...

Meg O'Neill, who is set to become BP's next CEO. — Reuters

OQ Chem acquired by global investment firms

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Oil retreats as US-China trade war escalate

The higher US tariffs on China leave plenty of uncertainty in the markets according to ING commodities strategists — Reuters

Tethys Oil sees ‘high activity’ across Oman upstream acreage in 2024

Tethys Oil has a 30 per cent interest in Block 3&4

Oil falls to lowest since 2021 as tariffs take effect

Both Brent and WTI have tumbled over the five sessions since US President Donald Trump announced sweeping tariffs on most imports sparking concerns a global trade war would dent economic growth and hit fuel demand. — Reuters

Oman unveils initiatives to cut water loss to 10 per cent by 2036

Nama Water is investing in the rehabilitation of the country’s ageing water pipeline networks

OQ8 completes LRT, unlocking $4 billion in shareholder guarantees

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Trade tensions keep oil prices near multi-year lows

The benchmarks fell 14% and 15% after Trump's tariff announcement— Reuters

Omani non-oil exports to US hold strong despite rising tariff concerns

PET accounts for a significant share of Omani non-oil exports to the US

Oman Maritime, Ports & Energy Forum from April 28

Asyad Group is a strategic partner of the forum

Oman’s oil output target for May raised to 768K bpd

Higher oil prices over the past year have contributed positively to Oman’s economy.

Masirah Oil seeks farm-in partner for Oman Block 50

During 2024, output from Block 50’s Yumna field totaled 864K stock tank barrels (std).

OETC earmarks $2.2 billion for Oman’s grid infra expansion by 2028

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US oil producers face new challenges as top oilfield flags

An oil tank is pictured in the Permian basin, Loco Hills regions, New Mexico, US. — Reuters

Global auto industry stocks slump as tariff on US imports looms

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Oman’s GDP rises 1% in 2024 amid strong non-oil growth

Despite the overall GDP growth, oil sector output declined by 4%.
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