Tag: Oman

Energy, Oil & Gas

Asyad Shipping names two LNG vessels, expands fleet

Asyad Shipping, a subsidiary of Asyad Group, has named two new liquefied natural gas (LNG) carriers, Muscat LNG and Musandam LNG, marking a key expansion of Oman’s maritime fleet and strengthening its role in global energy transport....

Energy, Oil & Gas

OPES, OSW 2026 showcase Oman’s push for energy transition

Oman Petroleum & Energy Show (OPES) 2026 and Oman Sustainability Week (OSW) 2026 concluded a high-impact three-day run at the Oman Convention and Exhibition Centre, reinforcing Oman’s growing role as a regional hub for energy transition, sustainability, and industrial innovation....

Energy, Oil & Gas

Oman signs energy efficiency deals, launches new digital platforms

Oman’s Ministry of Energy and Minerals signed two agreements to improve energy efficiency in government buildings under its net-zero programme. It also expanded the “Meezan” platform through partnerships with national companies and institutions....

Energy, Oil & Gas

Italy, Oman sign 150 MW green data centre project

The Italian Pavilion at Oman Sustainability Week 2026 signed an energy partnership to develop a 150 MW hyperscale AI data centre in Oman, integrating renewable energy, enhancing efficiency and supporting low-carbon digital infrastructure aligned with Oman Vision 2040....

Energy, Oil & Gas

OQ achieves 2025 emissions targets, boosts local value added by 24pc

OQ Group’s 2026 Sustainability Report highlighted progress in renewable energy, emissions reduction and local value creation, including over 2,000MW renewable capacity, achievement of 2025 emissions targets, automated emissions tracking systems and a 24 per cent increase in local value retained in Oman....

Energy, Oil & Gas

OPES, Oman Sustainability Week 2026 open in Muscat

Oman Petroleum & Energy Show and Oman Sustainability Week opened on May 18, 2026 at Oman Convention and Exhibition Centre, convening global energy leaders, policymakers, investors, and sustainability experts....

Energy, Oil & Gas

Nama, O-Green launch 2.7 GW renewables project in Oman

Nama Power and Water Procurement and O-Green signed a Power Purchase Agreement for Oman’s 2.7GW Continuous Renewable Energy Project in Mahout and Duqm, combining solar, wind and battery storage to deliver reliable round-the-clock clean electricity....

Energy, Oil & Gas

OQEP reports $770.8m revenue for Q1 2026

OQ Exploration & Production (OQEP), Oman’s oil and gas exploration and production company, reported resilient Q1 2026 results, with revenue of OMR296.4 million ($770.8 million), broadly stable year-on-year, supported by higher gas sales and an under lift adjustment for oil and condensates....

Energy, Oil & Gas

Oman unveils revised roadmap for net-zero emissions by 2050

Oman unveiled updated net-zero and carbon market framework targeting carbon neutrality by 2050, aiming for 33 per cent emission reduction by 2035 across seven sectors, boosting green hydrogen, renewables, investment, and low-carbon GDP growth....

Energy, Oil & Gas

OPAZ signs $250m EV, battery cell project deal in Duqm

Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) signed a usufruct agreement with Korean EV technology company EL B&T to establish an electric vehicle and battery cell production project in Duqm’s special economic zone, with investments estimated at $250 million....

Energy, Oil & Gas

Major energy, sustainability events return to Muscat from May 18

Oman Sustainability Week (OSW) and the Oman Petroleum and Energy Show (OPES) will take place from May 18 to 20, 2026 at the Oman Convention and Exhibition Centre in Muscat, under the patronage of the Ministry of Energy and Minerals....

Energy, Oil & Gas

Oman to enforce new fuel station rules from May 6

Oman’s Ministry of Commerce, Industry and Investment Promotion will begin implementing the provisions of the new regulatory framework for fuel filling stations, issued under Ministerial Decision No. (142/2025), effective Wednesday, May 6, 2026....

Energy, Oil & Gas

Youth-focused renewable energy initiative kicks off in Sohar

A programme on sustainability and renewable energy has begun in the Wilayat of Sohar, in the Governorate of North Al Batinah, Oman. The programme is organised by the Youth Centre and SOHAR Port and Freezone. It aims to equip over 50 young Omanis, aged 25–34, with essential skills for the global energy transition....

Energy, Oil & Gas

Oman–Botswana launch 500 MW solar project

Maun, Botswana hosted the groundbreaking of a 500 MW solar power plant with battery storage of equal capacity, launched under an investment cooperation framework between Oman and Botswana to strengthen energy partnership and sustainability....

Energy, Oil & Gas

OQ Group reports $1.6bn net profit in 2025

OQ Group reported a net profit of RO 641 million ($1.6 billion) for 2025, up 25 per cent year on year. The result reflects the strength of its integrated business model and disciplined performance amid continued volatility in global energy markets....

Energy, Oil & Gas

Oman's Nama signs new power purchase deals for 3,500MW projects

Oman's Nama Power and Water Procurement Company (PWP) has signed new power purchase agreements with three independent power producers - Phoenix, Al Batinah and Al Suwadi Power - for gas-fired power projects with a combined capacity of 3,500MW in the sultanate. ...