Oman’s Ministry of Energy and Minerals has signed a concession agreement for Offshore Block 18 to support hydrocarbon exploration and production. Petronas will operate the block with a 70 per cent stake, while OQ Exploration and Production holds 30 per cent. The agreement includes a four-year exploration period, extendable to 30 years if commercial production is achieved.
Oman-based Al Ahly Sabbour Developments has officially broken ground on Wadi Zaha, the first of its three integrated developments within the mega Sultan Haitham City, thus marking the transition from vision to on-ground execution for the company’s first development in the sultanate.
Revenues for hotels classified within the 3 to 5-star category in Oman rose by 22.2 per cent by the end of December 2025, reaching approximately RO 297.3 million ($773. 2 million) compared to the same period in 2024. Hotel occupancy rates also increased to 56.7 per cent, up from 49.9 per cent during the corresponding period in 2024.
SLB has been awarded two five-year contracts by Petroleum Development Oman (PDO) to supply wellheads and artificial lift technologies for operations in Block-6, Oman’s largest oil and gas concession, while advancing in-country value (ICV).
Oman unveiled its first fully locally designed, engineered, manufactured, and tested Thermal Oxidiser, marking a major industrial milestone. Built for Egypt’s Meliha Gas Processing Plant with SLB, it was produced by Majees Industrial Services under the FLAROMAN brand to support regional energy projects and innovation.
Kistos, an independent energy company, has signed a binding agreement to acquire a 5 per cent working interest in Block 9 and a 20% interest in Blocks 3 & 4 from Mitsui E&P Middle East, all located onshore in Oman.
Oman’s hydrogen company HydroNova, an SME registered with the SMEs Development Authority “Riyada” and operating in the field of clean energy, has used green hydrogen in diesel-powered equipment, including heavy machinery such as trucks and forklifts, as well as electric generators.
Leading Omani group Dhofar Investments said it has completed its merger with OIFC Khedmah, a well-established public joint-stock entity, thus marking a pivotal milestone in integrating operations, unifying efforts, and advancing capabilities within the sultanate.
Oman's oil exports recorded a slight increase of 0.1 percent by the end of October 2025, reaching 256,557,800 barrels, compared to 256,318,800 barrels during the same period in 2024.
Oman's production of natural gas—including domestic production and imports—witnessed a growth of 0.8 percent, reaching 47.5026 billion cubic meters by the end of October 2025, compared to 47.1055 billion cubic meters during the same period in 2024.
