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Masirah Oil to start three-well drilling program at Oman’s Yumna field in May

Oil & Gas
April 6, 2026

April 06, 2026

(WO) — Masirah Oil plans to begin drilling a three-well development program at the offshore Yumna field in Oman in May 2026, advancing activity in Block 50.

The company, a subsidiary of Rex International, operates the block with a 100% working interest.

The program will focus on development drilling aimed at supporting production from the Yumna field, which lies offshore Oman.

The updated timeline reflects ongoing planning and preparation for the campaign, as operators in the region continue to advance offshore development projects.

The Yumna field remains a key asset within Block 50, where Masirah Oil is progressing efforts to optimize output and further delineate resources.

Oil & Gas
October 23, 2026

Norway’s $2.3 Trillion Oil Fund Loses $30 Billion in Third Quarter

The world’s biggest sovereign wealth fund, Norway’s $2.3-trillion Government Pension Fund Global, booked a loss of $30 billion for the third quarter as higher interest rates and market turbulence hit…

Oil & Gas
October 22, 2026

Ofgem Approves Deal to Keep UK Gas Import Capacity From Europe

The UK’s energy market regulator, Ofgem, is looking to keep Britain’s gas import capacity from mainland European connectors to preserve flexibility to import gas in case of strong demand. Ofgem…