OQEP's record-breaking IPO debut was overshadowed by a decline in oil prices due to easing tensions in the Middle East, leading to an 8% drop in the company's share price.

Novus Petroleum has made natural gas discovery offshore Oman. The Tibat 1 well was drilled to its target depth of 2,850 meters near the Bukha field in Block 8 near the Musandam Peninsula.

MUSCAT: Terengganu Inc, a strategic holding company owned by the government of the Malaysian state of Terengganu, has ...

Oman has leveraged its long-standing neutrality in a volatile region to make itself a uniquely valued partner for both global ...

OQEP plans to focus initially on domestic oil and gas projects, with potential international expansion in the future. Oman’s national oil company OQ’s upstream business part, OQ Exploration ...

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

United Engineering Services (UES), part of the Mohammed Al Barwani Group, has partnered with the KERUI Group to form a joint ...

Possibility of Iran shutting down the Strait of Hormuz, a key lane for Middle Eastern oil and gas shipments from the Persian ...

Gold prices dropped to nearly a three-week low on Wednesday as the dollar retained its strength following Donald Trump's victory ...

Situated between Iran and Oman, the waterway ... would not be isolated to the oil market. "It could also potentially lead to ...

Oman is in the preparation process to offer a new batch of oil and gas concession areas by the end of the first quarter of 2023, the energy ministry said in a tweet on Thursday. While the first ...