CCED begins flare gas-to-power project in Blocks 3 & 4

CC Energy Development (CCED) has commenced execution of a flare gas-to-power project in the company’s Blocks 3 & 4 (Afar & Ghunaim) operations on the eastern coast of Oman to further reduce its greenhouse gas emissions in pursuit of zero gas flaring ambitions by 2027.   In collaboration with Aggreko, a leading provider of industrial […]

Energy giants welcome Oman LNG shareholder extensions

International energy giants with stakes in Oman LNG have welcomed agreements signed with the Omani government on October 23, 2023, extending their shareholding interests in LNG businesses in the Sultanate of Oman beyond 2024.   The agreements effectively guarantee a new lease of life for majority state-owned Oman LNG beyond its existing mandate that comes […]

OQGN’s record-breaking IPO lists on Muscat Stock Exchange

OQ Gas Networks SAOG (OQGN) has successfully made its debut on the Muscat Stock Exchange (MSX), becoming the largest-ever initial public offering (IPO) in the Sultanate of Oman.   The listing took place under the auspices of Eng Salim bin Nasser al Aufi, Minister of Energy and Minerals. Also present were Shaikh Abdullah bin Salem […]

Oman LNG signs major shareholder agreements

Oman LNG signed multiple shareholder agreements yesterday in Muscat in the presence of Minister of Energy and Minerals, Eng Salim bin Nasser al Aufi.   In his keynote address, Al Aufi shared the following, “It’s been quite a journey over the last probably 18 or 20-plus months since we started approaching the market to look […]

Pact signed for pilot study on hydrogen fuelling stations in Duqm SEZ

OQ Alternative Energy , part of global integrated energy group OQ , signed an agreement on October 22, 2023, with the Ministry of Transport, Communications and Information Technology, ASYAD Group , Oman Oil Marketing Company, and Air Liquide Group. The purpose of this agreement is to conduct a joint study pilot project on green hydrogen […]

Oman LNG signs major shareholder agreements

  Oman LNG signed multiple shareholder agreements yesterday in Muscat in the presence of Minister of Energy and Minerals, Eng Salim bin Nasser al Aufi.   In his keynote address, Al Aufi shared the following, “It’s been quite a journey over the last probably 18 or 20-plus months since we started approaching the market to […]

Oman’s OQ Gas Networks expected to price IPO at top of range

Oman’s OQ Gas Networks (OQGN), the pipeline business of state oil giant OQ, is expected to price its $771m initial public offering (IPO) at the top of the marketed range, according to terms seen by Reuters. Orders below 140 Omani baisas ($0.36) per share risk missing out on the deal, one of the banks on […]