Oman

*Global LNG trade surged to record levels in 2018. The top five global importers alone, all in Asia,...

Oman’s hydrocarbons sector bounced back strongly in 2018. And not just due to higher oil prices as Sohar refinery and Khazzan gas field ramped up output.

Start-up of the UAE’s delayed flagship nuclear plant is slipping further; Saudi plans are being shaded out by solar; Egypt plans remain at an early stage.

Sweden’s Tethys had its expansion ambitions dented this week as the firm’s planned 2% buy-in at Oman’s Block 53...

Oman bagged $20.1bn from exports of crude and condensate in 2018, up $5bn to a four-year high despite a fall in volumes as Oman refines more domestically.

Until recently Iraq’s Zubair was Eni’s only Gulf project. But a whirlwind tour this week saw CEO Claudio Descalzi wrap up stakes in Oman, Bahrain, Sharjah and in Abu Dhabi where it will partner Thailand’s PTT. The Italian firm eyes 35% of its revenue from the Gulf by the mid-2020s.

Oman plans to cut spending by 5.3% in its 2019 budget, slightly more than the expected fall in revenue. Muscat would need $80/B to balance the budget.

Oman’s oil and gas sector has witnessed a flurry – by its standards – of corporate activity in recent...

New York-based ratings agency Fitch junked Oman’s credit rating this week, dropping it one notch from BBB-, the lowest...

US firm Occidental finalized contracts for blocks 51 and 65 this week, committing $65mn to be invested in seismic...

Oman’s Port of Duqm Company (PDC) has signed an agreement with Anglo-Dutch major Shell to develop a marine fuel...

Oman is seeking more joined-up management of the country’s growing gas resources by subsuming the state power authority within the oil ministry.