Majors Shell and TotalEnergies have signed an exploration and production-sharing agreement for block 11
Oman’s upstream aims to rock like its peers
Don’t call it a comeback, newly gas-focused majors have been here for years
Oman has largely missed out on the upstream capex boom underway in neighbouring Abu Dhabi and Saudi Arabia. Muscat’s focus—perhaps prudently given the relative paucity and high cost of the oil reserves on which its budget depends—has been on preparing for the day its reserves either run out or are no longer commercially viable. But while not towering over its regional competition, the sector is just getting warmer. In mid-September, majors Shell and TotalEnergies signed an exploration and production-sharing agreement for block 11, neighbour to their existing joint venture in block 10 in the central Al-Wusta governorate. In the latter, the majors were committing with the certainty of being ab
Also in this section
18 February 2026
With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
