Tag: OMAN

Energy, Oil & Gas

OQEP reports 12% rise in revenue, 19.4% jump in profit

Oman's OQ Exploration and Production (OQEP) delivered strong results for the first half of this year, with higher production and stronger oil prices, driving double-digit growth in revenue, EBITDA and net profit, while it continued to invest in its growth strategy....

Energy, Oil & Gas

Oil slick reaches Oman coast as Iran signals long war strategy

The Middle East conflict is widening into an increasingly complex security, shipping and environmental crisis, with an oil slick from a grounded tanker reaching Oman's coastline just as Iran signals that it may be prepared to sustain its confrontation with the United States for years....

Energy, Oil & Gas

Energy Oman unveils new corporate identity

Energy Oman has unveiled a new corporate identity, marking a strategic milestone in its growth and evolution as a key player in Oman’s energy sector. The new identity reflects the company’s response to global energy shifts and its expanding role within the national economic ecosystem....

Energy, Oil & Gas

Sohar International reaffirms support for Oman’s energy transformation

Sohar International has reaffirmed its commitment to supporting Oman’s energy sector and sustainable economic growth through a joint symposium titled “Oman’s Energy Sector in a Reshaped Gulf: Driving Economic Growth, Investment, and Global Competitiveness.”...

Energy, Oil & Gas

L&T inks EPC framework deal with Petroleum Development Oman

India's top engineering and construction conglomerate Larsen & Toubro (L&T) has announced that one of its key subsidiaries - L&T Energy Hydrocarbon Onshore - has signed a six-year engineering, procurement and construction (EPC) framework agreement with Petroleum Development Oman (PDO), thus strengthening the long-standing partnership between the two companies. ...

Energy, Oil & Gas

Oil prices rebound; new voluntary Hormuz fee proposed

Oil prices climbed sharply on Wednesday as renewed military clashes between the United States, Saudi Arabia and Iran kept traders on edge about supply disruptions, even as Oman unveiled a Gulf-backed proposal aimed at safeguarding shipping through the Strait of Hormuz....

Energy, Oil & Gas

Chinese group Shanxi wins $222m Oman solar plant EPC deal

Leading Chinese group Shanxi Installation Company has secured a contract worth RMB1.5 billion ($222 million) to provide engineering, procurement and construction (EPC) services for the 500MW Al Kamil I Solar Independent Power Project (IPP) in Oman....

Energy, Oil & Gas

Oman oil exports rise 2.7pc as production climbs in 2026

Oman’s oil exports rose 2.7 per cent by the end of May 2026, reaching 129.5 million barrels compared with 126.1 million barrels during the same period in 2025, according to preliminary data from the National Centre for Statistics and Information....

Energy, Oil & Gas

Oman refinery output falls 6.8pc in first five months of 2026

Oman’s refinery products output declined by 6.8 per cent in the first five months of 2026, reaching 89.916 million barrels compared with 96.522 million barrels during the same period in 2025, according to preliminary data from the National Centre for Statistics and Information (NCSI)....

Energy, Oil & Gas

Oman seeks consultancy bids for 4GW solar IPP projects

Oman's Nama Power and Water Procurement Company (PWP) said it has invited qualified consultancy firms to bid for a contract to provide technical advisory services for the development and procurement of four utility-scale solar independent power producer (IPP) projects. ...

Energy, Oil & Gas

Siemens Energy to supply technology for Oman’s 2.6 GW power projects

Siemens Energy will supply six gas turbines, six generators and 20-year maintenance services for Oman’s Misfah and Duqm IPP projects, adding nearly 2.6 GW of capacity, increasing national electricity generation by almost 20% and serving more than 2 million people....

Energy, Oil & Gas

Nama starts RFQ process for $1bn solar projects in Oman

Oman's Nama Power and Water Procurement has launched the RFQ process for the development of two renewable energy projects - Adam Solar IPP (integrated with a Battery Energy Storage System (BESS), and Sinaw Solar IPP - being set up at a total investment of RO398 ($1.03 billion). ...

Energy, Oil & Gas

Oman refining sector shows mixed performance in April 2026

Oman’s refining and petrochemical sector showed mixed performance in April 2026, with automotive fuel output down 5.8 per cent and diesel falling 3.3 per cent to 23.7 million barrels. Aviation fuel rose 10.9 per cent, while LPG declined 4.9 per cent and polypropylene dropped 25.7 per cent to 76,300 metric tonnes. ...