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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

OQEP launches Oman’s largest IPO

The IPO represents 25% of the company's shares, divided into three categories.

Oman’s credit rating upgrade to enhance FDI

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Pact signed to boost green hydrogen innovation in Oman

The agreement was signed by Abdullah al Saidi, CEO of Nafath Renewable Energy and Mathieu Lauga, Director, Business Development at FuelCell Energy.

OQEP pledges continued investment in hydrocarbon sector

Oil, gas and condensate production from OQEP’s operated and non-operated assets averaged 249,000 barrels of oil equivalent per day in 2023

Oman’s gas pipeline operator hits new supply record

Gas transported across its network soared to a record 131 million cubic metres per day in June

JV partners make progress in financing for Oman’s Marsa LNG project

Construction work on Marsa LNG is expected to commence soon.

PDO drives Omani growth with local content initiatives

PDO’s efforts to enhance In-Country Value (ICV) are reflected in its creation of 2,000 jobs annually across its contractor base.

International firms ink pact to explore Oman’s natural hydrogen potential

Natural hydrogen bubbling up from springs in peridotite rich rocks in the Samail Ophiolite in Oman.

Growth drives the cost advantage of renewable power

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OQEP plans to exit three upstream blocks in Oman

OQEP has interests in a portfolio of 14 operated and non-operated blocks in the Sultanate of Oman.

MDO taps French firm to support mineral exploration drive

The remote sensing programme will help identify, map and rank mineral prospectivity potential across an area of 16,000 km2

OQEP lists on MSX Third Market ahead of IPO

OQEP’s IPO process is expected to begin in October

Plans firmed up for new petrochemical project in Oman

MAIRE executives signing the technology licensing pact with representatives of Al Baleed Petrochemical Company

Oil prices increase after a large interest rate cute from United States

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Fuel production surges 25 per cent in Oman

Production of regular motor fuel (91) fell by 9.6 per cent, with output reaching 8.685 million barrels.
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