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
3 March 2026
The killing of Iran’s Supreme Leader Ayatollah Khamenei in US–Israeli strikes marks the most serious escalation in the region in decades and a bigger potential threat to the oil market than the start of the Russia-Ukraine crisis
2 March 2026
A potential blockade of the Strait of Hormuz following the escalating US-Iran conflict risks disrupting Qatari LNG exports that underpin global gas markets, exposing Asia and other markets to sharp price spikes, cargo shortages and renewed reliance on dirtier fuels
2 March 2026
The South Asian consumer’s next move could tighten the Middle East oil market overnight
2 March 2026
Canadian independent’s evolving portfolio in Trinidad and Tobago gives it access to the Atlantic LNG market and a close-up view of developments in neighbouring Venezuela






