Oman

Muscat has opened 2019 bidding, offering up underexplored southern acreage. The last two rounds were successful. Have IOCs the appetite for more?

Foreign majors Total and Shell this week signed an ‘interim upstream agreement’ with Oman’s oil ministry and state-led firms...

Oxy is pressing ahead with development of its newly streamlined Mideast portfolio, targeting first output from new Oman assets in 2021 followed by Abu Dhabi in 2022.

Oman’s crude and condensate output fell 22,000 b/d in January to 970,000 b/d as the sultanate complied with its...

*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.

BP and Eni will collaborate on unlocking unconventional gas in Oman. The pair signed a preliminary contract this week for newly-formed Block 77.

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.