News

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

Splash247·Sep 8·1 min read

Eni hands McDermott major Cyprus subsea contract

Italian major Eni has awarded McDermott an Engineering, Procurement, Construction, and Installation (EPCI) subsea contract valued up to $750 million to fast-track the offshore Cronos gas discovery in

Vitol CEO: Global Fuel Markets Are "Tight and Inflexible"

Vitol Group Chief Executive Russell Hardy has cautioned that worldwide refined product markets remain constrained and structurally rigid despite an uptick in Mi

OilPrice·Sep 8

Dangote refinery to double capacity with $14.3bn investment

Nigeria's flagship Dangote Petroleum Refinery has outlined an ambitious $14.3 billion capital expenditure program aimed at doubling its existing throughput capa

Offshore Technology·Sep 8

Oil prices surge after Houthi strikes on Saudi energy facilities

Global benchmark crude prices climbed to multi-week highs following coordinated drone and missile strikes by Yemen's Houthi rebels against key Saudi oil infrast

Offshore Technology·Sep 8

China’s Crude Buying Rebounds as Fuel Exports Jump 29%

Chinese crude intake sustained an upward trajectory through August, propelled by state-backed refiners capitalizing on relaxed refined product export allowances

OilPrice·Sep 8
Sep 8

Saipem put in charge of commissioning services for Türkiye-bound FPU

Sep 8

Oil Prices Near $100 After Fresh Attacks on Saudi Energy Sites

Sep 8

HD Hyundai-built medium gas carriers to sport Nord Gas Solutions’ systems

Sep 8

Oil Prices Climb Toward $100 as Middle East Peace Hopes Fade

Sep 7

Washington’s Venezuela Oil Deal Is About Much More Than Crude

Sep 7

Rosneft Ships First Crude From $157 Billion Vostok Oil Project

Sep 7

Russia Vows to Keep Selling Oil to India Despite U.S. Tariff Threat

Sep 7

Ventura Offshore adds deepwater firepower to managed fleet and wins Petronas rig deal

Sep 7

TotalEnergies to transfer Papua LNG operatorship to ExxonMobil

Sep 7

High Crude and LNG Prices Weigh on India’s Oil and Gas Sector