Sohar is an existing industrial port
IOC stalwarts deliver Omani gas boost
Shell and TotalEnergies have agreed to execute a major integrated development and bought into the government’s gas-led strategy
Two of Oman’s oldest IOC partners, Shell and TotalEnergies, delivered a momentous boost to the sultanate’s gas ambitions at the end of last year by signing up to develop known reserves in the centre of the country. The latest agreement—the significance of which is both practical and symbolic—follows several recent fillips for Oman’s previously sluggish gas sector, representing grounds for optimism for the country’s economic resilience as its oil industry heads into terminal decline. Crucially, the majors also agreed to utilise production in new downstream businesses consistent with the sultanate’s efforts to decarbonise its bedrock energy sector. When European majors in particular are optimi
Also in this section
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
