Petroleum Development Oman (PDO) is the major exploration and production company in the Sultanate. It accounts for about 90% of the country's crude-oil production and nearly all of its natural-gas ...

Oman's Ministry of Energy and Minerals has announced a competitive bidding round for oil and gas exploration in three key concession areas: Block 43A, Block 66 and Block 36. Interested investors ...

emphasised the Sultanate of Oman's continued commitment to producing oil and gas as long as there is a global need for these resources, but with a key distinction: the nation will adopt cleaner, more ...

Oman’s hydrocarbon exports swelled by nearly $6.5 billion last year due to a surge in sales of refined products following the commissioning of the sultanate’s largest oil refinery. The Gulf country’s ...

Swedish oil company Tethys Oil, which has Oman as its core area of focus, said it plans to invest around $47 million in 2021 in its portfolio of upstream oil & gas assets in the Sultanate in 2021.

RAK Petroleum has commenced production from the West Bukha field in Oman's Block 8 located offshore in the Strait of Hormuz. RAK Petroleum has commenced production from the West Bukha field in ...

The price of oil surged on Thursday after a suspected torpedo attack on two tankers in the Gulf of Oman. West Texas Intermediate crude jumped 3%, while Brent crude jumped 3.8%. Oil was previously ...