Oman Extends Block 53 Deal with Occidental Petroleum

Oman Extends Block 53 Deal with Occidental Petroleum

Oman Extends Block 53 Deal with Occidental Petroleum Oman's Ministry of Energy and Minerals has taken a significant step in its energy sector by amending and extending its exploration and production agreement with Occidental Petroleum for Block 53.The agreement, now in place until 2050, underscores Oman's commitment to long-term partnerships in the energy sector. According to the Oman News Agency, the deal represents an investment estimated at 1…

Fluxys and OQGN sign cooperation agreement to jointly develop the hydrogen transportation network in Oman

OQ Gas Networks SAOG (OQGN), the exclusive owner and operator of Oman’s natural gas transmission network, announced the signing of a Term Sheet Cooperation Agreement with Fluxys, the Belgian based global energy infrastructure group, to jointly develop the hydrogen transportation infrastructure in the Sultanate of Oman, where Fluxys intends to own and operate the hydrogen network as a minority shareholder, alongside OQGN.

Oxy and ADNOC’s investment firm to explore carbon capture solutions in Texas – Oil & Gas 360

(World Oil) – Occidental and its subsidiary 1PointFive today announced an agreement with XRG, ADNOC’s investment company, to evaluate a potential joint venture to develop a Direct Air Capture (DAC) facility in South Texas. As part of the joint venture, XRG will consider investing up to $500 million for the development of a DAC facility designed to capture 500,000 tonnes of carbon dioxide per year. The Strategic DAC Framework Agreement was signed

Mazoon Mining Secures USD 270 Million in Strategic Financing and Signs Key Contracts for Oman's Largest Copper Concentrate Project - PressReach

MUSCAT, Oman, May 19, 2025 /PRNewswire/ — Mazoon Mining, a subsidiary of Minerals Development Oman (MDO), has secured USD 270 million in strategic financing from leading local and regional banks. In parallel, the company signed several construction and service contracts with Omani contractors to begin developing the largest integrated copper concentrate project in the Sultanate. The agreements were signed during the Rawabit Forum, organized by t…

Investcorp to participate in $550 mln expansion of Duqm Port in Oman - Times Kuwait

Investcorp, the Middle East’s largest alternative investment firm, announced on Monday that it has entered into an agreement to participate in a $550 million expansion project at the Port of Duqm in Oman, marking a significant step in the firm’s strategy to increase its investments in regional infrastructure. In an official statement, Investcorp said that its infrastructure arm, Investcorp Aberdeen Infrastructure Partners, will join the project …

OQGN to develop local hydrogen transport network

State-owned OQ Gas Networks (OQGN), the pipeline subsidiary of Oman energy major OQ, and Belgium’s energy infrastructure group Fluxys will jointly develop the infrastructure for hydrogen transportation across the sultanate. As part of the contract the two companies will hold a minority stake in the hydrogen network, the state-run Oman News Agency reported. No details were given on the investment and plans for the domestic network. The move aims …