News (261)

OQGN market cap hits RO 840 million on MSX in 2025
April 29, 2026
OQGN market cap hits RO 840 million on MSX in 2025

OQ Gas Networks (OQGN) continued to strengthen its position on the Muscat Stock Exchange in 2025

What is OPEC, and how does it operate?
April 29, 2026
What is OPEC, and how does it operate?

The Organization of the Petroleum Exporting Countries (OPEC) is a group of major oil-producing nations that work together to manage global oil supply and influence prices. Founded in 1960

UAE to leave OPEC and OPEC+ oil producer groups
April 28, 2026
UAE to leave OPEC and OPEC+ oil producer groups

The United Arab Emirates has announced its decision to exit OPEC and the wider OPEC+ alliance, marking a significant shift in global energy dynamics

PetroTel Energy poised to commercialise upstream discoveries in Oman
April 22, 2026
PetroTel Energy poised to commercialise upstream discoveries in Oman

PetroTel Energy is moving closer to unlocking the commercial potential of its upstream oil and gas discoveries in Oman, particularly across blocks in Musandam and Dhofar

Energy Development Oman posts revenue of $14.77 billion in 2025
April 21, 2026
Energy Development Oman posts revenue of $14.77 billion in 2025

Energy Development Oman (EDO) reported revenues of approximately $14.7 billion in 2025,

2026 Oman Bid Round: A compelling and diverse onshore investment opportunity
April 20, 2026
2026 Oman Bid Round: A compelling and diverse onshore investment opportunity

Oman’s 2026 licensing round presents a compelling opportunity for upstream investors, with five onshore oil and gas blocks—covering around 48,000 sq km—offered

OQEP acquires 35% stake in Oman’s Block 27
April 15, 2026
OQEP acquires 35% stake in Oman’s Block 27

OQ Exploration & Production (OQEP) has announced the acquisition of Mitsui E&P Middle East’s 35% non-operated interest in Oman’s Block 27

Masar Petroleum announces major discovery in Block 7
April 13, 2026
Masar Petroleum announces major discovery in Block 7

Masar Petroleum has announced a significant new oil discovery in Block 7

OQ posts RO 641 million profit in 2025
April 12, 2026
OQ posts RO 641 million profit in 2025

Oman’s integrated energy group OQ Group has reported a strong financial performance for 2025, posting a net profit of RO 641 million

Oman opens five new energy blocks
April 12, 2026
Oman opens five new energy blocks

Oman has launched a new bidding round offering five oil and gas concession blocks as part of its ongoing efforts to strengthen the Sultanate’s energy sector and attract international investment.

EOR technologies strengthen Oman oil output
April 11, 2026
EOR technologies strengthen Oman oil output

Enhanced Oil Recovery (EOR) technologies are playing an increasingly vital role in sustaining and boosting Oman’s oil production

Oxy Oman posts 9% growth in hydrocarbon production
April 9, 2026
Oxy Oman posts 9% growth in hydrocarbon production

Oxy Oman has reported a strong operational performance, achieving a 9% increase in hydrocarbon production as part of its latest annual results