Natural gas from onshore basins in Oman could be used to develop a maritime fueling point for liquefied natural gas, French supermajor Total said. The French company signed a memorandum of understanding with the Omani government to develop, alongside its Dutch counterpart Royal Dutch Shell, an onshore natural gas basin that could have a peak capacity of 1 billion cubic feet per day. An analysis published early last month from consultant group Wood Mackenzie found that improved market conditions and improvements on where operators can break even in terms of the price of oil led to an uptick in industry sentiment. For natural gas, the bonanza could be in Iran, Norway and Oman. The French company said it would use […]