Skip to content Skip to Search
Skip navigation

Oman signs deal with Petrofac to develop green hydrogen

By Pramod Kumar
The centre will accelerate the Gulf state’s transition to renewable energy Petrofac
The three newly awarded contracts will be delivered in-country utilising Petrofac’s engineering and project execution office in Muscat

UK-based energy services provider Petrofac has signed a memorandum of understanding (MOU) with Oman Hydrogen Centre to collaborate in developing capabilities for Oman’s renewable energy sector, particularly in green hydrogen.

Located at the German University of Technology, the centre will accelerate the Gulf state’s transition to renewable energy.

It will also be an international hub for research, technology, education, industry applications and economy, aligned with Oman Vision 2040.

Petrofac has been supporting new energy projects across a wide range of technologies and has recently completed front-end engineering design (FEED) for large-scale green hydrogen production facilities, as well as numerous studies for small-scale industrial users worldwide.

The company will provide technical expertise in designing, managing and executing complex projects and building capacity through knowledge transfer.

Dr Khalid Al Jahwari, Petrofac’s country manager – Oman, said that green hydrogen will help accelerate the energy transition in the country via the decarbonisation of many industries.

Latest articles

STC wants to consolidate the mobile tower market

STC approves PIF purchase of telecom company

Shareholders of Saudi telecom giant STC have approved plans to create a new telecommunications infrastructure company in which the Public Investment Fund will have a 51 percent stake valued at SAR8.7 billion ($2.3 billion).  Under the deal, the STC-owned Telecommunication Towers Co. Limited (Tawal) will become a PIF subsidiary through a merger with Golden Lattice […]

UAE markets Hong Kong

UAE capital markets partner with Hong Kong exchange

The Hong Kong Stock Exchange (HKSE) has added the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) to its roster of recognised marketplaces. The move opens the door for UAE-based companies to pursue secondary listings on one of Asia’s premier financial markets. It also follows the inclusion of the Saudi Exchange (Tadawul) […]

Person, Worker, Adult

Aramco and PIF invest in Saudi-Chinese steel venture

Saudi Aramco and the Public Investment Fund have doubled their investment in a steel plate joint venture with a Chinese company to $500 million. The two Saudi companies each own 25 percent shares in the new venture in Ras Al Khair industrial city, Bloomberg reported, quoting a statement published on the Chinese stock exchange. Chinese […]

Car, Transportation, Vehicle

Dubai Taxi to pay $43m dividend despite profit drop

Dubai Taxi Company, a subsidiary of the emirate’s transport regulator, has approved a dividend payout of AED159 million ($43 million) for the first half of 2024 despite a marginal 1 percent increase in net profit. Net earnings reached AED187.4 million in the first six months of the year, compared to AED186.3 million at the same […]