News

Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.

All ENI ExxonMobil TotalEnergies Shell Chevron Aphrodite Glaucus
Offshore Technology·Sep 9·1 min read

Oil and gas electrification: why the sector’s big shift has a power problem

Upstream operators are facing severe bottlenecks in replacing gas-turbine generation with power-from-shore systems due to protracted grid connection queues and escalating infrastructure expenditures.

Iraq Pushes OPEC for a Huge Increase in Its Oil Quota

Baghdad has formally approached OPEC leadership requesting a substantial upward revision to its official crude production baseline for upcoming quota allocation

OilPrice·Sep 9

Iraq Asks OPEC to Raise Quota

Baghdad has formally requested a substantial upward revision of its official production ceiling within OPEC+ ahead of baseline recalculations for 2025 and 2026.

Rigzone·Sep 9

India: Larsen & Toubro company gets EPCIC order from ONGC

India's engineering heavyweight Larsen & Toubro has secured a major offshore EPCIC contract from state-run explorer Oil and Natural Gas Corporation (ONGC) throu

Offshore Energy·Sep 9

Brent Breaks $100 for the First Time in Nearly Two Months

International benchmark Brent crude breached the psychologically critical $100 per barrel threshold during Wednesday morning trade, driven by escalating geopoli

OilPrice·Sep 9
Sep 9

McDermott wins subsea contract for Cronos gas field off Cyprus

Sep 9

Oil Prices Hit $100 as U.S. Destroys Five Iranian Tankers

Sep 8

Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

Sep 8

D.C. Gas Ban Gets Favorable Hearing in Federal Appeals Court

Sep 8

Tamarack Valley, Headwater Exploration agree $7.2bn all-stock merger

Sep 8

TotalEnergies, Galp Complete Swap Involving Mopane, Venus Discoveries

Sep 8

Eni Picks McDermott for Cronos Field Subsea Work off Cyprus

Sep 8

Gulf Producers Find Workarounds As Hormuz Tensions Persist

Sep 8

First subsea contract with Eni takes McDermott to Cyprus

Sep 8

Oil Prices Hit 3-Month Highs