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bp and Oman form strategic partnership to progress significant renewable energy and hydrogen development

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bp and the Ministry of Energy and Minerals in Oman signed a Strategic Framework Agreement (SFA) and a Renewables Data Collection Agreement which will support the potential development of a multiple gigawatt, world-class renewable energy and green hydrogen development in Oman by 2030. —Bernard Looney, bp chief executive.

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Kobe Steel and Mitsui to partner on DRI project in Oman

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The project aims to produce 5 million tons of DRI with a future expansion plan under study. OPAZ is an Omani authority that oversees all the special economic zones and free zones in Oman, and PODC is an Omani entity that operates the Port of Duqm. Kobe Steel, Ltd. and Mitsui & Co.,

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Consortium developing green hydrogen megaproject in Oman

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An international consortium comprising OQ, which is the Sultanate of Oman’s global integrated energy company, InterContinental Energy, the leading dedicated green fuels developer, and EnerTech, a Kuwait government-backed clean energy investor and developer, is developing an integrated green fuels mega project in Oman.

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GECF: more than a quarter of 2050 natural gas supply untapped

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To this end, the GECF Secretary General reiterated the GECF’s readiness to support the Turkmen industry as it undergoes transformation on the back of the future energy trends, digitalization, and climate action.

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France’s IFPEN studying industrial potential of onshore sources of natural hydrogen

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In the future, hydrogen produced through water electrolysis is expected to be used to store energy as a way of compensating for solar or wind power’s intermittent output. Currently, hydrogen is considered a carrier of energy rather than a source—i.e., Geophysical Research Abstracts Vol. 15, EGU2013-5553. Hydrogen Hydrogen Production'

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Oil Prices Running Out Of Reasons To Rally

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The OPEC deal is slated to take oil off the market, while US drilling is expected to add new supply. On top of that, Kuwait’s envoy to OPEC said that Qatar, Kuwait and Oman were also complying with the cuts. That bodes well for a narrowing supply surplus—and ultimately a deficit—as well as falling inventories.