I believe you would pump in CO2 (and any missing nutrients), not Oxygen. Algae culture requires CO2 and produces Oxygen. It also requires light.
https://en.wikipedia.org/wiki/Algaculture#Growing_algae
There is some nice hardware for achieving it.
I’d have to refuel about once a week.
Doing via CO2 bottle is the way I’d do it now and is how the impressive displays do it (for the ones I’ve seen).