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
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
