Oman's gas drive goes up a gear
Success in the country's first major non-associated gas project, and continued pent-up demand, are propelling efforts to increase output
Oman has confirmed a provisional agreement with BP and Italy's Eni to explore and exploit reserves in an area in the country's north-west, close to the former's landmark tight-gas discovery. The development is a further endorsement of Oman's strategy of enlisting majors to develop onshore non-associated gas reserves. Total selected participants in a design competition for an LNG facility planned to process any gas from an upstream concession awarded to the French firm and Shell last year. Despite early entry to the global LNG export industry, Oman has suffered an increasing shortage of gas over the past decade, forcing it to resort to imports and putting a brake on the government's downstrea
Also in this section
29 April 2026
Trafigura’s $1b prepayment agreement confirms African resource holders’ renewed interest in oil-backed financing deals as they look to capitalise on high oil prices
29 April 2026
The UAE’s departure from the oil producers’ group was a surprise to many, but the move can be traced back to a single point five years ago
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls






