As previously disclosed, on October 2, 2019 Murray Energy Corporation (“Murray Energy” or “the Company”) entered into forbearance agreements with lenders holding in excess of 50% of outstanding loans under its Superpriority Credit and Guaranty Agreement and with lenders holding in excess of 50% of outstanding loans under its ABL and FILO credit facilities. Under the terms of the forbearance agreements, the lenders agreed to forbear from exercising any and all remedies available to them in respect of"...

Oman’s nominal Gross Domestic Product (GDP), after growing at an accelerated pace of 12 per cent during 2018, declined by 1.6 per cent during the first quarter of 2019, according to the Central Bank of Oman (CBO).
The slowdown was pervasive across hydrocarbon and non-hydrocarbon activities, which experienced a nominal contraction of 0.5 per cent each during Q1 of 2019 as compared to a nominal growth of 20.9 per cent and 3.4 per cent, respectively, during Q1 of 2018, the apex bank stated in its newly published"...

Omani crude exports to China jumped 22.46 per cent m-o-m to 77.96 per cent of total exports of 25.778 million barrels during September 2019, the Ministry of Oil and Gas said in its monthly report.
This uptick came at the cost of exports to Japan (7.27 per cent), Myanmar (2.12 per cent) and India (1.94 per cent), which reported notable declines in their imports of Omani crude in September versus figures for August.
Demand from South Korea (9.16 per cent) and Tanzania (1.55 per cent) grew during September, the report"...

Having already put in place energy efficiency standards for air-conditioners, the Sultanate has embarked on the process of formulating corresponding standards for four key categories of household electrical appliances and fixtures: refrigerators, water heaters, LED lights, and washing machines.
The latest initiative is being spearheaded by the Authority for Electricity Regulation Oman (AER), which has been mandated by the Council of Ministers to promote energy efficiency and conservation practices in the Sultanate....

The Ministry of Oil and Gas and Shell Exploration and Production Oman BV (Oman Shell) on Thursday signed an exploration and production sharing agreement (EPSA) for Block 55 in the southeast of the sultanate.

Oman Shell will now have a 100 per cent working interest and operatorship of Block 55, which symbolises yet another step to deepen Shell’s commitment to support the growth of Oman’s economy and generate in-country value, the company"...

In addition to prospects for large-scale exports, Oman’s future hydrogen industry has the potential to spawn the growth of a wider ecosystem that supports investments in industrial and petrochemical projects producing green hydrogen, green ammonia and synthetic fuel, among other decarbonised commodities, according to Hydrogen Rise AG, a German firm specialising in hydrogen technologies.
Hydrogen Rise CEO Dr Bernd Wiemann said the potential for a new economic sector based on ‘green hydrogen’ is “real”"...

A preliminary study undertaken by a pair of German organisations has underscored the Sultanate’s potential to evolve into a world-scale producer of green hydrogen fuel, with an export capacity that can outstrip current oil exports by a factor of ten.
The findings of the pre-study, jointly undertaken by the world-renowned Technical University of Munich (TUM) in collaboration with Hydrogen Rise AG, a German firm specialising in hydrogen fuel technologies, were presented at the 1st Oman Hydrogen Symposium held at"...

The projects management office at Majan Electricity Company has held a workshop for the employees to help them apply the concept of work in the processes related to project management in the company.
The topics at the workshop included project management processes in different stages and how to work on the follow-up of projects by pursuing best practices in all stages of the project.
The participants also discussed how to ensure compliance with the company’s policies and the implementation of projects according"...

Mazoon Electricity Company, the leading electricity provider in Oman, said that the company’s annual capital investment is RO 100 million. This was revealed when the company participated in a joint meeting with members of the Municipal Council of the Al Sharqiyah North Governorate chaired by Shaikh Yahya bin Hamoud al Maamari, Governor of Al Sharqiyah North Governorate at his office in Ibra.

During the meeting, Mazoon Electricity’s"...