• 35 mins Shell Restarts Bonny Light Exports
  • 2 hours Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 8 hours Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 13 hours British Utility Companies Brace For Major Reforms
  • 17 hours Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 19 hours Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 20 hours Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 21 hours OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 22 hours London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 23 hours Rosneft Signs $400M Deal With Kurdistan
  • 1 day Kinder Morgan Warns About Trans Mountain Delays
  • 1 day India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 2 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 2 days Russia, Saudis Team Up To Boost Fracking Tech
  • 2 days Conflicting News Spurs Doubt On Aramco IPO
  • 2 days Exxon Starts Production At New Refinery In Texas
  • 2 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 3 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 3 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 3 days China To Take 5% Of Rosneft’s Output In New Deal
  • 3 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 3 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 3 days VW Fails To Secure Critical Commodity For EVs
  • 3 days Enbridge Pipeline Expansion Finally Approved
  • 3 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 3 days OPEC Oil Deal Compliance Falls To 86%
  • 4 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 4 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 4 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 4 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 4 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 4 days Aramco Says No Plans To Shelve IPO
  • 7 days Trump Passes Iran Nuclear Deal Back to Congress
  • 7 days Texas Shutters More Coal-Fired Plants
  • 7 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 7 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 7 days Chevron Quits Australian Deepwater Oil Exploration
  • 7 days Europe Braces For End Of Iran Nuclear Deal
  • 8 days Renewable Energy Startup Powering Native American Protest Camp
  • 8 days Husky Energy Set To Restart Pipeline

Breaking News:

Shell Restarts Bonny Light Exports

Alt Text

Why U.S. Crude Exports Are Booming

U.S. crude oil exports are…

Alt Text

India’s Urban Explosion Boosts Oil Demand

As India sees incredible growth…

Alt Text

What’s Stopping An Oil Price Rally?

Oil prices rallied in Q3…

Is This The Next Top Venue For Copper And Gold?

Copper Mine

Licensing is a major part of the global chess game that is minerals exploration. With shifting rules around picking up and working ground being one of the biggest factors in opening up potential for billion-dollar discoveries.

And this week it looks like things are getting favorable in one off-the-path locale. Which has the right rocks to yield some important finds in both copper and gold.

The Middle Eastern nation of Oman.

Local press in that country reported Sunday that significant progress is being made on a modern licensing regime for exploration. With key advisors to the government taking some important steps to support activity over the coming years.

That’s happening because Oman is currently in the process of overhauling its minerals sector. In a bid to diversify the economy and capitalize on the country’s known prospectivity.

And high-level officials in the local mining sector — who are advising on the changing exploration rules — made some critical recommendations this week. Urging the government to implement speedy processing of mineral applications under the new regime.

These advisors correctly noted that a clear and simple path to license approval is needed to make projects in Oman attractive. With these professionals cautioning the government that processing should take no more than three to six months.

If such suggestions do get taken up by the government, it would bring Oman’s exploration industry into the modern age. And represent a very interesting opportunity for global project developers — given the country’s prime positioning in regard to other known minerals destinations. Related: India Plans Merger Of 13 State-Run Firms Into Oil Giant

As the map below shows, Oman lies alongside the world-class copper and gold fields of southeastern Iran. The country is also along strike from numerous prospective deposits in Yemen.

(Click to enlarge)

Given the low level of historic work here, there’s a lot of room to run. Watch for more announcements on the new licensing regime leading up to a planned minerals conference in Oman during January 2017.

Here’s to speedy service.

By Dave Forest

More Top Reads From Oilprice.com:




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News