Oxy Oman and OQ Gas Networks SAOC announced the signing of a Memorandum of Understanding (MoU) to jointly study potential CCUS projects in Oman.

Occidental announced that a wholly owned subsidiary has entered into a definitive purchase agreement to acquire all the outstanding equity of Carbon Engineering Ltd. for a total cash consideration of approximately $1.1 billion,

Occidental and ADNOC announced that they will evaluate investment opportunities in Direct Air Capture facilities and CO2 sequestration hubs in the United States and the United Arab Emirates.