Search Result for "Oman"

The Expanding Horizons of China-Arab Cooperation: Energy and Beyond

The latest China-Arab Forum has revealed a significant evolution in the political and economic dynamics between China and the Arab world, underscoring not only their shared political stances, but also an ambitious agenda to deepen economic cooperation, particularly in the energy sector. This shift signals a transformative phase in China-Arab relations, with a focus extending beyond traditional oil and gas transactions to embrace energy transition and renewable energy initiatives.

Hydrom Awards Two Green Hydrogen Projects Worth $11B in Dhofar

Hydrom, Oman's green hydrogen orchestrator, has announced the signing of two green hydrogen projects in Dhofar, totaling a $11 billion investment. These agreements follow the successful second round of Hydrom auctions, positioning Oman to achieve a hydrogen production capacity of 1 to 1.5 million tons per year (mtpa) by 2030.

Oman Reaches 8 bcm of Natural Gas Imports, Total Domestic Production

Oman has reached 8.39 billion cubic meters (bcm) of total domestic production and import of natural gas until the end of February 2024, a 2% decline from the same period last year, when the total at that time reached 8.56 bcm.

Petromaint’s Net Profits Grow by 165% YoY

Revenues also increased to EGP 5.2 billion, compared to EGP 3.7 billion in 2022, an increase of 41%. Additionally, the company’s net profits rose to EGP 342 million, compared to EGP 129 million, an increase of 165% year on year (YoY).

ADNOC Diverts Crude Supply to Refinery, Boosts Murban Oil Shipments

UAE's Upper Zakum crude oil exports fell in March after ADNOC diverted supply to its own refinery and boosted shipments of Murban oil, according to Reuters.

Oman Secures 4.190 bcm Total Domestic Production, Imports of Natural Gas in January

Oman has secured 4.190 billion cubic meters (bcm) of total domestic production and import of natural gas in January 2024, a 7.7% decline to the same period in 2023, where the total was 4.538 bcm.

Oman’s Refineries Production Increases by 1.2%

Oman has recorded a 1.2% increase in production of refineries and petroleum industries by December 2023 compared to the same period in 2022, according to the preliminary statistics of the National Center for Statistics and Information (NCSI).

SLB Records $33.1B Revenues in 2023 

SLB has announced its full-year results for 2023 revealing a significant increase in revenue, reaching $33.1 billion, representing an 18% year-on-year growth

Oman Expands Oil, Gas Exploration Projects  

The Ministry of Energy and Minerals in Oman has signed a concession agreement with CC Energy Development Company for the exploration of oil and gas in concession areas 38 and 74 in the Dhofar Governorate.

Oman Begins Construction of it First Green-Hydrogen-Ready Steel Plant

Oman has commenced the construction of Vulcan Green Steel (VGS) plant, the county’s first green-hydrogen-ready steel project, in the Duqm Special Economic Zone, powered entirely by green and renewable energy.

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