British energy company BP said it extended an agreement in Oman to help develop a natural gas field that may require hydraulic fracturing to exploit fully. BP and Oman Oil Co. signed a deal with the government to revise a license area for so-called Block 61 to further develop the Khazzan natural gas field. The British energy company said the field holds a “significant” amount of natural gas that will “need to be hydraulically stimulated to flow gas at target rates.” Hydraulic fracturing led in part to the substantial increase in U.S. oil and natural gas production, though the success rate has not been replicated elsewhere in the world to the same extent. Khazzan entails exploitation of what BP […]