News (268)

OQGN net profit rises 7.1% in Q1 2026
May 25, 2026
OQGN net profit rises 7.1% in Q1 2026

OQ Gas Networks (OQGN) has reported a strong start to 2026, with Q1 net profit rising by 7.1% year-on-year to RO13.5 million

Oman-Europe Liquid Hydrogen Corridor gains momentum
May 25, 2026
Oman-Europe Liquid Hydrogen Corridor gains momentum

A landmark hydrogen corridor linking Oman and Europe is gaining momentum as international partners accelerate plans to transport liquefied green hydrogen from the Port of Duqm

OPES, OSW 2026 to accelerate integrated energy transition in Oman
May 11, 2026
OPES, OSW 2026 to accelerate integrated energy transition in Oman

Oman Petroleum & Energy Show and Oman Sustainability Week 2026 will play a pivotal role in advancing Oman’s integrated energy transition agenda

Oman opens new energy frontier with methane hydrates exploration
May 7, 2026
Oman opens new energy frontier with methane hydrates exploration

Oman is taking another significant step in shaping the future of energy, with the Ministry of Energy and Minerals signing a landmark agreement to explore methane hydrates

ADNOC Drilling completes MBPS Joint Venture
May 5, 2026
ADNOC Drilling completes MBPS Joint Venture

Abu Dhabi’s ADNOC Drilling has completed its acquisition of an 80% stake in MB Petroleum Services (MBPS)

PDO awards contract for advanced fracturing services
May 4, 2026
PDO awards contract for advanced fracturing services

Petroleum Development Oman has awarded a major contract for advanced fracturing services to Abraj Energy Services,

Gas output in Oman tops 13.7 bm³
May 2, 2026
Gas output in Oman tops 13.7 bm³

Oman’s natural gas sector continues to show steady growth, with total production, including imports

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,