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
13 April 2026
Petroleum Economist analysis highlights sharp shift from crude oversupply to market deficit, with Iraq and Kuwait badly affected and key producers Saudi Arabia and the UAE also seeing output sharply lower
13 April 2026
Turkmenistan is moving ahead with a modest expansion of the giant Galkynysh field to sustain gas deliveries abroad, but persistent delays to other key pipeline projects and geopolitical risks continue to constrain its export ambitions
13 April 2026
Expensive electricity has forced out swathes of energy-intensive industry and now threatens the country’s ability to attract future investment in datacentres and the digital economy
13 April 2026
For GCC producers, the ceasefire may prove more destabilising than the war itself: exports remain constrained, and control over Hormuz has shifted in ways that could endure






