Oman advances on multiple fronts
Both offshore oil and onshore gas projects are progressing with the backing of several international firms
Amid the gloom engulfing world oil markets over the past month the Omani government has received very positive domestic industry news. After decades of fruitless exploration, and years of delay in developing its debut discovery, production has finally began from waters off the mainland and a major joined the search for more. Onshore, Total has deepened its commitment to the sultanate's drive to boost scarce gas supplies from unconventional reserves in the country’s north-west region. Masirah Oil, majority-owned by Singapore-based exploration-technology specialist Rex International, struck offshore oil in 2014. It made the discovery in Block 50, a 16,500km² licence off the central-east coas
Also in this section
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
21 January 2025
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition