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Al-Futtaim and its network of experienced retailers will allow Fisker to reach customers in the UAE, Saudi Arabia, Qatar, Oman, Bahrain, and Egypt. The EVer (Electric Vehicle extended range) powertrain of the Fisker Karma. Click to enlarge. Fisker Automotive published its first business update, announcing that revenues had exceeded $100 million in the first four months of 2012. MORE
sales of hybrid SUVs and other fuel efficient vehicles will prove interesting to watch this year, especially if fuel prices remain relatively low. Expert predictions about where oil and gas prices are headed vary widely. MORE
Sembcorp Industries is one of the largest environmental companies on the Asian continent, and not only takes care of waste disposal in numerous cities and densely populated areas, but is also involved in energy and water supply in Singapore, China, Vietnam, Great Britain, the United Arab Emirates and Oman. MORE
New energy research from business information provider IHS Markit has identified more than five billion barrels of oil equivalent (BOE) in numerous smaller, previously bypassed, or underperforming reservoirs outside North America that offer oil and gas operators a shorter-cycle path to production than new, frontier projects in undeveloped areas. The IHS Markit report, entitled: “Back to the Basins: International Shorter-Cycle Opportunities,” initially assessed five, short-cycle projects outside the US in mature, late-life basins in Mexico, Nigeria, Egypt, Brazil and the North Sea, and included both shallow water and mature, onshore areas that break even at per-barrel costs under US$40. These five case studies represent just a fraction of the opportunity that we identified globally. Stagnant oil prices continue to limit large-scale investments in global exploration worldwide, including deepwater plays, and many onshore US projects are not yet cash-flow positive, so energy investors are demanding financial returns. These investors want to see companies demonstrate greater capital discipline and growth while living within their cash flow. The focus has moved away from simply reserves capture, to production growth, and now to value maximization. In this environment, reduced tolerance for exploration risk persists. —Kareemah Mohamed, associate director, Plays and Basins research at IHS Markit, and author of the analysis. Cognizant of this “new normal” E&P environment, Mohamed said she embarked on a study that assessed mature, producing basins with a goal of helping operators identify less capital-intensive, shorter cycle-time projects. Projects, Mohamed said, that would enable operators to reduce risk by leveraging both existing basin infrastructure and their unique capabilities in plays outside the US and Canada. IHS Markit defines shorter-cycle projects as those that can generate first cash within one to two years of development, or, in the case of new entrants, projects that progress to final investment decision (FID) in less than three years. The typical deep-water project averages seven years to reach FID with exponentially more upfront investment. The key screening criteria to identify these targets and minimize investment risk, Mohamed said, were shallow-water shelf areas and onshore mature fields—basins with a proven hydrocarbon system. In addition, these areas had to have existing production and infrastructure (wells [and associated production and well data], pipelines, platforms and gas plants) in place. With these basins identified, the next step was to look at a combination of above ground and sub-surface risks to pinpoint avenues for new-basin entry. Mohamed identified such opportunities that could allow for incremental added production volumes, but also provide a source of free cash flow to the operator. Due to the changing investor sentiment toward value maximization and a reduced tolerance for risk, as well as the nature of these shorter-cycle projects in mature basins, it was essential to advance the research approach from one of a project-by-project basis to a whole-basin strategy. We’ve observed that the best results occur when operators target basins with materiality and two or more working petroleum systems, stacked reservoirs, existing infrastructure, service-sector capacity and technical knowledge. —Jerry Kepes, executive director for Plays and Basins research at IHS Markit. Mindful of these market dynamics, Kepes said he and his IHS Markit researchers see this shift to whole-basin strategies as being critical to operators achieving competitive performance, representing a fundamental shift in the approach to analysis and company strategies going forward. Whole-basin strategies can include ‘field growth’ where the focus is on targeting new barrels in old fields, but can also include upfront, new ventures work that targets shorter-cycle barrels in under-explored areas in existing commercial basins,Some of those mature basins present fresh opportunities for operators because an E&P opening makes new acreage available. —Jerry Kepes. Mohamed’s research included case studies on Oman and the Egyptian offshore Western Desert, but she also identified basins that were previously off-limits due to political instability, or those previously overlooked because of single operator (typically state-owned) access, stringent regulatory terms, or bureaucratic barriers, but now offer more favorable terms and are open to foreign investment. Additional examples of shorter-cycle development opportunities now available include basins in Mexico. Eni’s new entry into Mexico’s mature, shallow-water Sureste Basin is one example. The Area 1 discovery (1.4 billion BOE) was made in an underexplored area of the Sureste Basin, with first oil targeted for 2019, just two years after discovery. Through leveraging existing basin infrastructure, the project’s expected break-even cost should be below U.S. $40 per barrel, according to IHS Markit. This new-ventures screening alternative provides targets that offer operators a lower-cost path to free cash-flow in a shorter period, but also the potential for repeatable investment opportunities over time. In the current economic environment, this makes the short-cycle opportunities very intriguing to operators, so we are currently expanding the initial research to include more basins. —Kareemah Mohamed. Market Background Oil MORE
The addition of four countries—Chad, Kazakhstan, Oman, and the United Arab Emirates (UAE)—to a previous assessment covering 42 countries has resulted in a 13% increase in the global assessed total resource estimate for shale oil and a 4% increase for shale gas. MORE
The Strait is located between Oman and Iran, and connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. MORE
Researchers in Malaysia and Oman have developed a novel palladium oxalate catalyst supported on zeolite A (PdOx/ Zeol) with increased acidity for the hydrodeoxygenation and isomerization of bio-feedstocks into paraffinic (drop-in) biofuels. In a paper in the ACS journal Energy & Fuel , they report the hydrodeoxygenation (HDO) of stearic acid (SA) (one of the most common saturated fatty acids found in nature following palmitic acid) into paraffinic biofuel. MORE
Juerg Matter, a scientist at Columbia’s Lamont-Doherty Earth Observatory, and his colleague Peter Kelemen are currently researching peridotite formations in Oman, which they say could be used to mineralize as much as 4 billion tons of CO 2 a year, or about 12% of the world’s annual output. MORE
At the international level, the company is developing an ambitious expansion plan and conducts its business in the UK, Oman, Ireland, Panama and Ecuador. Plug Power Inc., a provider of hydrogen fuel cell systems and fueling solutions enabling e-mobility, announced a new agreement with Spanish hydrogen production and distributor Compañía Logística de Hidrocarburos (CLH). MORE
The company has built five world-scale plants in Trinidad and Oman similar in design to the Big Lake Fuels plant. G2X Energy, Inc. and Methanol Holdings Trinidad Limited (MHTL) announced that MHTL intends to partner with G2X Energy to construct the world-scale methanol-to-gasoline (MTG)-ready, methanol production facility being developed by G2X Energy in Lake Charles, Louisiana. Earlier post.). MORE
On top of that, Kuwait’s envoy to OPEC said that Qatar, Kuwait and Oman were also complying with the cuts. by Nick Cunningham of Oilprice.com. Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production. MORE
Oxea is owned by Oman Oil Company S.A.O.C. Oxea is expanding its phthalate-free plasticizer portfolio with the introduction of Oxsoft L9 (linear trinonyltrimellitate). Oxsoft L9 is suited for special applications where products must meet the most rigid demands, such as the manufacture of resilient and durable high temperature automotive cables that comply with the most severe requirements in this industry. MORE
In recent years, all six Gulf monarchies—Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Oman, Qatar and Bahrain—have begun to challenge the notion that citizens are entitled to cheap energy. The old hypotheses that Persian Gulf energy subsidies were sacrosanct have been overturned, according to a new issue brief from Rice University’s Baker Institute for Public Policy. MORE
a barrel above the Dubai/Oman average , used for pricing oil to Asia. a barrel premium over the Dubai/Oman average. a barrel above the Dubai/Oman average. by Tsvetana Paraskova for Oilprice.com. The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil. MORE
The Nature paper suggests that weakening winds have enabled the formation of stronger cyclones in recent years—including storms in 2007 and 2010 that were the first recorded storms to enter the Gulf of Oman. Cyclone Phet in 2010 struck the coastlines of Pakistan and Oman and caused nearly $2 billion in damage. Scientists are working to better understand atmospheric brown clouds and their effects. Credit: Nicolle Rager Fuller, National Science Foundation Click to enlarge. MORE
On Monday, the Solar Impulse 2 began its long-awaited journey to fly around the world solely on solar power, with a flight from Abu Dhabi to Muscat, Oman. MORE
Because production levels from Iran, Libya, and Sudan and South Sudan dropped since 2011, China replaced the lost shares of crude oil and other liquids imports from these countries with imports from Oman, Iraq, the United Arab Emirates, Angola, Venezuela, and Russia. MORE
The group has interests in LNG projects in Indonesia, Nigeria, Norway, Oman, Qatar, the United Arab Emirates, Yemen, Angola, and Russia. Location of the Ichthys project. Source: INPEX. Click to enlarge. Japan-based INPEX Corporation and its joint venture partner Total have made the final investment decision (FID) for the Ichthys liquefied natural gas (LNG) project in Australia, representing an investment of US$34 billion dollars. MORE
Valérie Beaumont, Christèle Vacquand, Eric Deville, and Alain Prinzhofer (2013) Hydrogen generation during serpentinisation in ophiolite complexes: A comparison of H 2 -rich gases from Oman, Philippines and Turkey. IFP Energies nouvelles (IFPEN) has become one of the first global research centers actively to investigate onshore natural hydrogen emissions after the discovery of offshore sources of the gas in the 1970s. MORE
Petroleum Development Oman (PDO) contracted GlassPoint to build the plant, which is currently being tested. Shell is ready to invest several hundred million dollars in emerging technology companies, with the aim to accelerate the deployment of innovations that add value to the company’s operations. From smarter exploration processes to enhanced extraction techniques, Shell’s corporate venturing arm Shell Technology Ventures will make investments over the next six to eight years. MORE
Oman Related Topics National Green Transportation
MARCH 10, 2015
On Monday, the Solar Impulse 2 began its long-awaited journey to fly around the world solely on solar power, with a flight from Abu Dhabi to Muscat, Oman.
Green Car Congress
DECEMBER 15, 2015
The addition of four countries—Chad, Kazakhstan, Oman, and the United Arab Emirates (UAE)—to a previous assessment covering 42 countries has resulted in a 13% increase in the global assessed total resource estimate for shale oil and a 4% increase for shale gas.
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Green Car Congress
NOVEMBER 27, 2019
At the international level, the company is developing an ambitious expansion plan and conducts its business in the UK, Oman, Ireland, Panama and Ecuador. Plug Power Inc., a provider of hydrogen fuel cell systems and fueling solutions enabling e-mobility, announced a new agreement with Spanish hydrogen production and distributor Compañía Logística de Hidrocarburos (CLH).
Green Car Congress
AUGUST 15, 2018
a barrel above the Dubai/Oman average , used for pricing oil to Asia. a barrel premium over the Dubai/Oman average. a barrel above the Dubai/Oman average. by Tsvetana Paraskova for Oilprice.com. The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil.
Green Car Congress
MARCH 26, 2014
Because production levels from Iran, Libya, and Sudan and South Sudan dropped since 2011, China replaced the lost shares of crude oil and other liquids imports from these countries with imports from Oman, Iraq, the United Arab Emirates, Angola, Venezuela, and Russia.
Hybrid SUV Blog
FEBRUARY 15, 2010
sales of hybrid SUVs and other fuel efficient vehicles will prove interesting to watch this year, especially if fuel prices remain relatively low. Expert predictions about where oil and gas prices are headed vary widely.
Green Car Congress
MAY 28, 2015
Oxea is owned by Oman Oil Company S.A.O.C. Oxea is expanding its phthalate-free plasticizer portfolio with the introduction of Oxsoft L9 (linear trinonyltrimellitate). Oxsoft L9 is suited for special applications where products must meet the most rigid demands, such as the manufacture of resilient and durable high temperature automotive cables that comply with the most severe requirements in this industry.
Green Car Congress
MAY 4, 2016
In recent years, all six Gulf monarchies—Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Oman, Qatar and Bahrain—have begun to challenge the notion that citizens are entitled to cheap energy. The old hypotheses that Persian Gulf energy subsidies were sacrosanct have been overturned, according to a new issue brief from Rice University’s Baker Institute for Public Policy.
Green Car Congress
AUGUST 17, 2014
Researchers in Malaysia and Oman have developed a novel palladium oxalate catalyst supported on zeolite A (PdOx/ Zeol) with increased acidity for the hydrodeoxygenation and isomerization of bio-feedstocks into paraffinic (drop-in) biofuels. In a paper in the ACS journal Energy & Fuel , they report the hydrodeoxygenation (HDO) of stearic acid (SA) (one of the most common saturated fatty acids found in nature following palmitic acid) into paraffinic biofuel.
Green Car Congress
APRIL 2, 2013
Petroleum Development Oman (PDO) contracted GlassPoint to build the plant, which is currently being tested. Shell is ready to invest several hundred million dollars in emerging technology companies, with the aim to accelerate the deployment of innovations that add value to the company’s operations. From smarter exploration processes to enhanced extraction techniques, Shell’s corporate venturing arm Shell Technology Ventures will make investments over the next six to eight years.
Green Car Congress
DECEMBER 31, 2011
The Strait is located between Oman and Iran, and connects the Persian Gulf with the Gulf of Oman and the Arabian Sea.
Green Car Congress
JANUARY 31, 2018
New energy research from business information provider IHS Markit has identified more than five billion barrels of oil equivalent (BOE) in numerous smaller, previously bypassed, or underperforming reservoirs outside North America that offer oil and gas operators a shorter-cycle path to production than new, frontier projects in undeveloped areas. The IHS Markit report, entitled: “Back to the Basins: International Shorter-Cycle Opportunities,” initially assessed five, short-cycle projects outside the US in mature, late-life basins in Mexico, Nigeria, Egypt, Brazil and the North Sea, and included both shallow water and mature, onshore areas that break even at per-barrel costs under US$40. These five case studies represent just a fraction of the opportunity that we identified globally. Stagnant oil prices continue to limit large-scale investments in global exploration worldwide, including deepwater plays, and many onshore US projects are not yet cash-flow positive, so energy investors are demanding financial returns. These investors want to see companies demonstrate greater capital discipline and growth while living within their cash flow. The focus has moved away from simply reserves capture, to production growth, and now to value maximization. In this environment, reduced tolerance for exploration risk persists. —Kareemah Mohamed, associate director, Plays and Basins research at IHS Markit, and author of the analysis. Cognizant of this “new normal” E&P environment, Mohamed said she embarked on a study that assessed mature, producing basins with a goal of helping operators identify less capital-intensive, shorter cycle-time projects. Projects, Mohamed said, that would enable operators to reduce risk by leveraging both existing basin infrastructure and their unique capabilities in plays outside the US and Canada. IHS Markit defines shorter-cycle projects as those that can generate first cash within one to two years of development, or, in the case of new entrants, projects that progress to final investment decision (FID) in less than three years. The typical deep-water project averages seven years to reach FID with exponentially more upfront investment. The key screening criteria to identify these targets and minimize investment risk, Mohamed said, were shallow-water shelf areas and onshore mature fields—basins with a proven hydrocarbon system. In addition, these areas had to have existing production and infrastructure (wells [and associated production and well data], pipelines, platforms and gas plants) in place. With these basins identified, the next step was to look at a combination of above ground and sub-surface risks to pinpoint avenues for new-basin entry. Mohamed identified such opportunities that could allow for incremental added production volumes, but also provide a source of free cash flow to the operator. Due to the changing investor sentiment toward value maximization and a reduced tolerance for risk, as well as the nature of these shorter-cycle projects in mature basins, it was essential to advance the research approach from one of a project-by-project basis to a whole-basin strategy. We’ve observed that the best results occur when operators target basins with materiality and two or more working petroleum systems, stacked reservoirs, existing infrastructure, service-sector capacity and technical knowledge. —Jerry Kepes, executive director for Plays and Basins research at IHS Markit. Mindful of these market dynamics, Kepes said he and his IHS Markit researchers see this shift to whole-basin strategies as being critical to operators achieving competitive performance, representing a fundamental shift in the approach to analysis and company strategies going forward. Whole-basin strategies can include ‘field growth’ where the focus is on targeting new barrels in old fields, but can also include upfront, new ventures work that targets shorter-cycle barrels in under-explored areas in existing commercial basins,Some of those mature basins present fresh opportunities for operators because an E&P opening makes new acreage available. —Jerry Kepes. Mohamed’s research included case studies on Oman and the Egyptian offshore Western Desert, but she also identified basins that were previously off-limits due to political instability, or those previously overlooked because of single operator (typically state-owned) access, stringent regulatory terms, or bureaucratic barriers, but now offer more favorable terms and are open to foreign investment. Additional examples of shorter-cycle development opportunities now available include basins in Mexico. Eni’s new entry into Mexico’s mature, shallow-water Sureste Basin is one example. The Area 1 discovery (1.4 billion BOE) was made in an underexplored area of the Sureste Basin, with first oil targeted for 2019, just two years after discovery. Through leveraging existing basin infrastructure, the project’s expected break-even cost should be below U.S. $40 per barrel, according to IHS Markit. This new-ventures screening alternative provides targets that offer operators a lower-cost path to free cash-flow in a shorter period, but also the potential for repeatable investment opportunities over time. In the current economic environment, this makes the short-cycle opportunities very intriguing to operators, so we are currently expanding the initial research to include more basins. —Kareemah Mohamed. Market Background Oil
Green Car Congress
NOVEMBER 3, 2011
The Nature paper suggests that weakening winds have enabled the formation of stronger cyclones in recent years—including storms in 2007 and 2010 that were the first recorded storms to enter the Gulf of Oman. Cyclone Phet in 2010 struck the coastlines of Pakistan and Oman and caused nearly $2 billion in damage. Scientists are working to better understand atmospheric brown clouds and their effects. Credit: Nicolle Rager Fuller, National Science Foundation Click to enlarge.
Green Car Congress
AUGUST 3, 2010
Sembcorp Industries is one of the largest environmental companies on the Asian continent, and not only takes care of waste disposal in numerous cities and densely populated areas, but is also involved in energy and water supply in Singapore, China, Vietnam, Great Britain, the United Arab Emirates and Oman.
Green Car Congress
JANUARY 13, 2012
The group has interests in LNG projects in Indonesia, Nigeria, Norway, Oman, Qatar, the United Arab Emirates, Yemen, Angola, and Russia. Location of the Ichthys project. Source: INPEX. Click to enlarge. Japan-based INPEX Corporation and its joint venture partner Total have made the final investment decision (FID) for the Ichthys liquefied natural gas (LNG) project in Australia, representing an investment of US$34 billion dollars.
Green Car Congress
MAY 29, 2012
Al-Futtaim and its network of experienced retailers will allow Fisker to reach customers in the UAE, Saudi Arabia, Qatar, Oman, Bahrain, and Egypt. The EVer (Electric Vehicle extended range) powertrain of the Fisker Karma. Click to enlarge. Fisker Automotive published its first business update, announcing that revenues had exceeded $100 million in the first four months of 2012.
Green Car Congress
APRIL 18, 2013
Valérie Beaumont, Christèle Vacquand, Eric Deville, and Alain Prinzhofer (2013) Hydrogen generation during serpentinisation in ophiolite complexes: A comparison of H 2 -rich gases from Oman, Philippines and Turkey. IFP Energies nouvelles (IFPEN) has become one of the first global research centers actively to investigate onshore natural hydrogen emissions after the discovery of offshore sources of the gas in the 1970s.
Green Car Congress
JANUARY 13, 2017
On top of that, Kuwait’s envoy to OPEC said that Qatar, Kuwait and Oman were also complying with the cuts. by Nick Cunningham of Oilprice.com. Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production.
Green Car Congress
MARCH 6, 2009
Juerg Matter, a scientist at Columbia’s Lamont-Doherty Earth Observatory, and his colleague Peter Kelemen are currently researching peridotite formations in Oman, which they say could be used to mineralize as much as 4 billion tons of CO 2 a year, or about 12% of the world’s annual output.
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