Green copper production commences in Oman

25 Jun 2025 - Source: The Energy Year

Imran Shaikh, managing director of Green Tech Mining & Services, talks to The Energy Year about the company’s recently commissioned Arjaa Tailings Processing Calibration Plant (ATPCP). Green Tech Mining & Services remediates tailings, treats acid mine drainage waters and processes leaching deposits of stripping, overburden and low-grade ore stockpiles to produce valuable metals.

Oxy Oman Extends Operations in Onshore Block 53 for 15 Years

22 Jun 2025 - Source: Egypt Oil & Gas

Oxy Oman, a wholly owned subsidiary of U.S Occidental Petroleum (Oxy), has secured a 15-year extension of its Exploration and Production Sharing Agreement (EPSA) for the onshore Block 53 in south-central Oman, where it operates the Mukhaizna field, the largest producing oil field in the country.

Oman: OQGN awards $272mln gas pipeline contract

19 Jun 2025 - Source: Zawya

MUSCAT - OQ Gas Networks SAOG (OQGN), the owner and operator of Oman’s gas transportation system, has announced the award of a contract worth RO 105 million for the implementation of the Second Loop Line Fahud-Suhar project – a key initiative to boost the country’s gas supply network.

Oman: IGC prioritises local growth, clean energy in gas strategy

18 Jun 2025 - Source: Zawya

MUSCAT - “Oman’s gas is a national asset — and we manage it with that responsibility in mind,” said Abdulrahman al Yahyaei, CEO of Integrated Gas Company (IGC), as he outlined the company’s strategy to ensure natural gas drives both industrial growth and the country’s clean energy transition.

Effect of declining oil prices on Oman’s budgetary obligations

12 Jun 2025 - Source: Zawya

US President Donald Trump's recent tariff-related decisions have unleashed a wave of economic and political impacts for developed and emerging countries alike. These decisions have negative repercussions on global oil markets, leading to a decline in revenues for countries that rely on exports of this commodity as a primary source of national income.

Oman’s Abraj expects revenue of $559mln from PDO rigs contract

10 Jun 2025 - Source: Zawya

Abraj Energy Services has signed a contract to provide six onshore drilling service rigs to state-run Petroleum Development Oman (PDO).

Mobilisation will be carried out in stages starting in the fourth quarter of 2026, the company said in a statement to the Muscat Stock Exchange.

National Gas acquires 80% stake in Samahram Gas

10 Jun 2025 - Source: Muscat Daily

National Gas Company, Oman’s leading liquified petroleum gas (LPG) marketing firm, has announced the successful acquisition of an 80% stake in Samahram Gas Company, which is a key player in the refilling and distribution of LPG in the Dhofar Governorate.

Oman: be’ah, OQ sign deal for biogas project

10 Jun 2025 - Source: Zawya

Oman Environmental Services Holding Company (be’ah) and OQ Trading have signed a cooperation agreement to develop a national project focused on producing biogas (biomethane) and bio-carbon dioxide by processing organic waste from landfills and future biofacilities managed by be’ah.

Oman's non-oil exports fall 16% as Duqm fuels refined oil surge

10 Jun 2025 - Source: Oman Observer

MUSCAT: Oman’s non-oil exports declined by 16 per cent in 2024, even as refined oil shipments surged, underscoring the economy’s continued dependence on hydrocarbons, according to a new report by Enjaz Consultancy.... 

Oman’s HyDuqm Hydrogen Project Eyes FID in 2027

02 Jun 2025 - Source: FCW

Hydrogen Duqm LLC (HyDuqm), one of nine large-scale green hydrogen and ammonia projects currently in early development in Oman, anticipates a Final Investment Decision (FID) in 2027, with production slated to commence in 2030.

HyDuqm represents a joint venture set up by six leading global companies comprising POSCO Holdings, Samsung Engineering Company Limited, Korea East-West Power Company Limited, Korea Southern Power Company Limited, MESCAT Middle East DMCC (a subsidiary of ENGIE from France), and FutureTech Energy Ventures Limited (FTEV) - the clean energy arm of Thai energy conglomerate PTTEP.

Industry consumes over half Oman’s gas output

02 Jun 2025 - Source: Zawya

Industrial projects consume more than half Oman’s gas production of nearly 150 million cubic metres per day while the rest feeds oil wells and power facilities.

Oman produced nearly 18 billion cubic metres of natural gas in the first four months of 2025, an average 150 million cubic metres per day, almost unchanged from output levels in the same period of 2024.

Oman Posts RO 540m surplus on oil gains

01 Jun 2025 - Source: Oman Observer

Oman posted a fiscal surplus of RO 540 million at the close of 2024, outperforming initial expectations and reversing a projected deficit of RO 640 million. The stronger-than-anticipated outcome fueled by robust oil revenues and disciplined expenditure, reinforcing the sultanate's progress towards fiscal sustainability under Oman vision 2040.

Asyad Shipping acquires two mega crude tankers

26 May 2025 - Source: Zawya

Muscat - Asyad Shipping has announced the purchase of two crude oil tankers, among the largest in the world, with a capacity of up to two million barrels per vessel. This strategic move supports the company's expansion in the energy sector and strengthens its presence in regional and international markets.

Oman’s PDO offers high-potential oil acreage for investment

24 May 2025 - Source: Iran Oi Gaz

In a significant development, Petroleum Development Oman (PDO) has invited Expressions of Interest (EoIs) from local and international operators in the development of a potentially hydrocarbon-rich field within its sprawling Block 6 license.

The majority state-owned national oil company announced in a post on Thursday, May 22, 2025, that a 130 km2 parcel of land, dubbed Area A, is being offered for investment and development in the Qarn Alam Cluster, within the prolific Ghaba Basin in northern Oman.

Oman LNG signs optimization agreement with Vitol Asia

18 May 2025 - Source: Times of Oman

Oman LNG signed an agreement with Vitol Asia Pte. Ltd. to optimise the company’s LNG supply portfolio, marking another significant step in strengthening its global partnerships.

The signing ceremony was held under the auspices of Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals.

The agreement, commencing in 2026, entails optimising up to 0.8 million metric tonnes per annum (MTPA) of liquefied natural gas (LNG) with Vitol on a Delivered Ex-Ship (DES) basis.

Oman refutes reports of divestment in gas assets

11 May 2025 - Source: Muscat Daily

Muscat – Oman’s Ministry of Energy and Minerals has denied reports that the sultanate is considering selling stakes in its natural gas producing assets, saying the government has no current plans for such divestment.

Refuting some recent media speculation and rumours, Dr Saleh al Anboori, Director General of Exploration and Production of Oil and Gas at the Ministry of Energy and Minerals, said that the ministry is actively pursuing major development projects in gas fields, in full compliance with international standards for sustainability and financing.

Occidental Announces Major Gas Discovery in North Oman, Boosting Nation’s Energy Outlook

11 May 2025 - Source: Oman Observer

Occidental Petroleum (Oxy) has revealed a significant natural gas discovery in North Oman, marking a key milestone in the country’s upstream energy development. This substantial find adds a new dimension to Oxy’s exploration success in the Sultanate and reinforces its long-term presence in the region.

Oman’s oil output to rise to 775K bpd

05 May 2025 - Source: Zawya

Oman’s oil production is projected to rise to 775,000 barrels per day (bpd) in June 2025, up from the required production level of 768,000 bpd set for May 2025.

This follows a decision by eight Opec+ producers, including the Sultanate of Oman, to implement a production adjustment of 411,000 bpd in June 2025. The decision was adopted on Saturday, May 3, 2025, during a virtual meeting of officials representing the eight producing nations. They also reviewed global market conditions and the outlook for oil demand.

PDO launches flare gas recovery project with Enerhash in Hazar South

05 May 2025 - Source: Oman Observer

Petroleum Development Oman (PDO) has partnered with Enerhash to initiate a flare gas recovery project at the Zulaiyah Station in Hazar South. This initiative aims to convert flare gas into sustainable energy using digital mining technology, potentially reducing CO₂-equivalent emissions by approximately 25,000 tones annually.

The project aligns with PDO's commitment to reducing routine flaring and promoting low-carbon solutions across its operations. 

TotalEnergies Celebrates Ground breaking of Oman’s Marsa LNG Plant

05 May 2025 - Source: Egypt Oil & Gas

Oman strikes LNG deal with Mexico’s Amigo

05 May 2025 - Source: AGABI

Oman has signed a 15-year agreement with Mexico’s Amigo LNG to secure liquefied natural gas (LNG) as part of its strategy to diversfy its clean energy sources.

Under the agreement, the government-backed OQ Trading will purchase 0.6 million tons per annum (mtpa) of LNG from Amigo’s export terminal in Guaymas, Mexico.

Oman’s Abraj Energy awarded Onshore Drilling Services Contract

04 May 2025 - Source: Saudi Gulf Projects

Abraj Energy Services SAOG, Oman announces that it has been awarded a contract for the Provision and Operation of an Onshore Drilling Unit related to Block 61. The expected revenue from this contract is approximately OMR 14 million (USD 36.3 million) over the agreed period.

The company stated that the rig, which was previously stacked after the contract expiry with the same customer last year, is planned to start operations in Q4 2025. The duration of the contract is three years, renewable for an additional two years.

Oman LNG to Fund Landmark Study on Wave Energy Potential in Oman

26 Apr 2025 - Source: Oman Observer

Oman LNG has announced its support for a landmark study exploring the potential of wave energy as a sustainable power source for the Sultanate. The initiative reflects Oman’s ongoing efforts to diversify its energy mix and invest in renewable resources. The study will focus on assessing the feasibility of harnessing wave energy along Oman\'s extensive coastline, which could play a crucial role in meeting future energy demands sustainably.

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The project aligns with the national strategy to transition towards greener energy solutions and reinforces Oman LNG\'s commitment to sustainability and innovation in the energy sector.

Oman Data Park: Powering the Sultanate’s Digital Transformation

17 Apr 2025 - Source: Zawya

As Oman accelerates its digital transformation journey under Vision 2040, Oman Data Park – the sultanate’s premier managed services provider – has emerged as a key enabler of this shift towards digitalisation. In this exclusive interview, Khalid al Abri, General Manager – Finance and Corporate Services at Oman Data Park, discusses how the company is enabling this transformation through its robust data centre infrastructure, cloud services, and cybersecurity solutions. He sheds light on Oman Data Park’s client base, strategic priorities, and the growing demand for AI-driven infrastructure, while outlining the company’s future expansion plans.

The Sultanate of Oman signs historic agreement to establish the world’s first liquid hydrogen corridor to Europe

16 Apr 2025 - Source: Zawya

As part of the state visit of His Majesty Sultan Haitham bin Tarik to the Kingdom of the Netherlands, the Sultanate of Oman signed a historic Joint Development Agreement (JDA) to establish the world’s first commercial-scale liquid hydrogen corridor linking Oman to the Netherlands and Germany. The agreement marks a critical point in the global energy transition journey and brings Oman one step closer to becoming the leading hub for green hydrogen production and export.

The corridor will enable the export of RFNBO-compliant liquid hydrogen from Oman’s Port of Duqm to the Port of Amsterdam and key logistics hubs in Germany, including the Port of Duisburg, and onward to other European countries.

Halliburton & Nabors Unveil First Automated Drilling in Oman

16 Apr 2025 - Source: Yahoo Finance

Halliburton HAL and Nabors Industries Ltd. NBR have reached a breakthrough by completing the first fully automated surface and subsurface execution of rotary and slide drilling operations in Oman. This breakthrough sets a new standard for land-based drilling, showcasing the power of advanced digital technologies to improve efficiency and performance in the oil and energy sector.

At the core of this technological feat lies the powerful integration of Halliburton’s LOGIX automation platform and Nabors' SmartROS rig operating system. Together, these cutting-edge solutions enabled a closed-loop drilling system that dramatically enhanced operational efficiency, consistency and real-time decision-making. Wells delivered ahead of schedule, with higher average rates of penetration and reduced non-productive time, set a benchmark for future digital drilling initiatives.

Oman’s Production of Gasoline Rises by 0.9% at End of February 2025

13 Apr 2025 - Source: Oman News Agency

Muscat, 13 Apr (ONA) --- The Sultanate of Oman’s production of gasoline recorded a rise of 0.9% at the end of February 2025 compared to February 2024, while the total production of refineries recorded a decline by 2.6% compared to the same period in February 2024, according to preliminary statistics released by the National Centre for Statistics and Information (NCSI).

Statistics revealed that the production of regular motor fuel (M-91) reached approximately 2,693 million barrels by the end of February 2025, compared to 2,386 thousand barrels by the end of February 2024, marking a 12.9% increase. Its sales amounted to 2,255.4 thousand barrels by the end of February 2025, compared to 2,232.9 thousand barrels in the same period of 2024, reflecting a 1% increase.

Oman's Duqm Refinery successfully completes Lenders’ Reliability Test

09 Apr 2025 - Source: Zawya

Duqm – Duqm Refinery and Petrochemical Industries Company (OQ8), a strategic joint venture between Oman’s OQ Group and Kuwait Petroleum International (KPI), has successfully completed the Lenders’ Reliability Test (LRT), marking a major milestone in its operational journey.

This achievement fulfils all lender requirements and establishes the Actual Completion Date (ACD), unlocking approximately $4bn in shareholder guarantees.

The successful completion of the LRT, a rigorous performance assessment mandated by project financiers, confirms the refinery’s ability to operate at or above its agreed capacity, efficiency, and reliability thresholds over a sustained period. With the ACD now secured, OQ8 has fully met its contractual obligations, seamlessly transitioning into stable commercial operations.

Oman Launches Bid Round for Oil and Gas Exploration

23 Mar 2025 - Source: Egypt Oil & Gas

Oman’s Minister of Petroleum and Mineral Resources announced the launch of new bid round for oil and gas exploration and production.

Salah bin Hafiz Al-Dhahab, Director General of Investment at the Ministry of Energy and Minerals, stated to Oman News Agency, that the bid includes blocks 18, 36, 43 and 66.

He added that applying to these areas is opened until June.

Al-Dhahab elaborated that the Ministry of Energy and Minerals is interesting in increasing production capacity, attracting investments, accelerating field development, and facilitating the development process, in new exploration areas as well as the existing fields.

Oman opens new oil & gas concessions to boost investment

22 Mar 2025 - Source: omanobserver

MUSCAT: The Ministry of Energy and Minerals has introduced a new concession system to attract investment in oil and gas exploration, offering key blocks with significant potential in the Sultanate of Oman.

Oxy Oman sustains 2024 hydrocarbon output at 66K boepd

21 Mar 2025 - Source: omanobserver

MUSCAT: Oxy Oman, wholly-owned subsidiary of US-based international energy firm Occidental, achieved hydrocarbon output (corresponding to its production share) averaging 66K barrels of oil equivalent per day (boepd) from its sizable upstream portfolio in Oman in 2024.

Oman's oil exports reach 25.8 million barrels in January

15 Mar 2025 - Source: omanobserver

MUSCAT: Oman exported approximately 25.82 million barrels of oil by the end of January 2025, with an average price of $72.5 per barrel, according to data from the National Centre for Statistics and Information (NCSI).

10 projects underway to boost omans gas transportation capacity: oqgn

12 Mar 2025 - Source: omanobserver

OQ Gas Networks (OQGN), the majority state-owned operator of Oman’s gas transportation network, is currently implementing a portfolio of ten projects to expand capacity and meet emerging demand across its nationwide footprint.

OQEP poised for strong returns amid market undervaluation: Report

18 Feb 2025 - Source: Oman Observer

OQ Exploration and Production (OQEP) — one of the largest producers of oil and gas in the Sultanate of Oman — is emerging as a highly attractive investment opportunity, despite initial struggles following its IPO, according to a recent report by Oman Investment Bank (OIB). The OIB — the nation\'s first government-owned corporate investment bank — maintains an overweight recommendation on the stock, citing robust financial performance, strong cash flows, and an attractive dividend yield among the highest on the Muscat Stock Exchange (MSX).

OQ8 celebrates LRT success and refining capacity boost

13 Feb 2025 - Source: Oman Observer

 The Duqm Refinery and Petrochemical Industries Company LLC (OQ8) – a 50:50 partnership of OQ Group of the Sultanate of Oman and Kuwait Petroleum International of Kuwait — in a significant achievement for Oman's energy sector, has successfully completed its Lender Reliability Test (LRT) just 10 months after mechanical completion, demonstrating the refinery's strong operational capabilities and financial stability.

New flowline set to boost operations at Yumna Field

12 Feb 2025 - Source: Oman Observer

Masirah Oil Limited (MOL) has successfully installed and commissioned a new flowline at its Yumna Field in Block 50 offshore Oman, marking a key milestone in the company's ongoing efforts to enhance production efficiency. The new flowline became operational in late January 2025, allowing the seamless transfer of produced fluids from the field.

Oman invites bids for oil & gas exploration in three key blocks

03 Feb 2025 - Source: Oman Observer

MUSCAT: Oman’s Ministry of Energy and Minerals has opened a competitive bidding round for oil and gas exploration in three key concession areas: Block 43A, Block 66, and Block 36. The blocks, located across Oman’s diverse geological basins, present significant opportunities for investors looking to tap into the country’s hydrocarbon potential.

FDI in Oman exceeds RO 26.6 billion

18 Jan 2025 - Source: Oman Observer

MUSCAT: The Sultanate of Oman’s foreign direct investment (FDI) volume reached RO 26.677 billion by the end of Q3 2024, a 16.2% increase compared to RO 22.961 billion in the same period of 2023. Investment inflows amounted to RO 3.715 billion.

Oman LNG delivers first LNG cargo to Shell

07 Jan 2025 - Source: Oman Observer

MUSCAT: Oman LNG proudly announced the successful loading of its first liquefied natural gas (LNG) cargo to Shell under its new long-term agreements, marking a significant milestone in the company’s strategy to expand its global market reach and reinforce Oman’s position as a leading LNG supplier.