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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

Deal signed for exploration and production in Area 54

The agreement was signed by Eng Salim bin Nasser al Aufi, Minister of Energy and Minerals, Ahmed al Azkawi, CEO of OQEP, and Paul Weir, CEO of Genel Energy.

Oman leads green hydrogen ambitions in the Middle East

Five of the ten largest active and upcoming low-carbon hydrogen plants in the Middle East set to be operational by 2030 are in Oman.

Oman’s location boosts its role in global hydrogen trade

DNV’s ‘Hydrogen Forecast to 2050’ report highlights Oman’s strategic push to harness its abundant renewable energy resources to produce green hydrogen

IGC launches Oman’s first gas spot sale of 2025

Last year, IGC successfully added gas marketing activities to its central mandate as the sole shipper of Omani natural gas.

Oman’s first green hydrogen project FID in 2026-27

Eng Salim bin Nasser al Aufi, Minister of Energy and Minerals

OQEP announces strong results in 2024

OQEP continued to deliver sustainable cash generation from its assets during 2024.

Oil inches up after Trump cancels Chevron's Venezuela license

Ending the license means Chevron will no longer be able to export Venezuelan crude— Reuters

Transforming the oil and gas industry through cutting-edge technologies

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4 groups in fray for Ibri III Solar project in northwest Oman

The new 500 MW solar IPP at Ibri is slated for launch in Q1 2027.

MDO and PDO collaborate on mineral extraction from produced water

By turning this waste stream into a source of valuable minerals, MDO and PDO are pioneering a sustainable approach that could have wide-ranging economic and environmental benefits. Image for illustration only.

GCC leads global oil reserves and exports

In 2023, the GCC nations collectively produced around 17 million barrels of crude oil per day, accounting for 23.2% of total global crude production.

Oman’s electricity production rises 7.5%

Oman’s electricity production surged by 7.5% in 2024, reaching 45,388 gigawatts per hour by the end of November 2024.

Green Energy Oman project feasibility study wraps up

The GEO project, ranked among the world’s biggest green hydrogen developments, targets the production of 10 mtpa of green ammonia at full capacity (Picture credit: GEO)

Oil prices fall on potential Ukraine peace talk

Benchmarks lost more than 2% on Wednesday after US President Donald Trump said Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy expressed a desire for peace — Reuters

Russia's oil and fuel exports revenues rose in January to $15.8 billion, IEA says

According to the IEA, Russia's oil production last month rose by 100,000 bpd to 9.2 million bpd— Reuters
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