News

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

Rigzone·Jul 8·1 min read

Eni Starts Building Italian Battery Hub, Agrees Chilean Lithium Investment

Italian energy major Eni is accelerating its diversification strategy by simultaneously entering the upstream lithium supply chain in South America and establishing downstream battery manufacturing in

$1.13 billion injection from UAE player fuels growth of EIG’s LNG arm

MidOcean Energy, the LNG-focused subsidiary of US private equity firm EIG Global Energy Partners, has secured a massive $1.13 billion capital injection from a p

Offshore Energy·Jul 8

Oil and LNG Tankers Make U-Turns After Fresh Hormuz Escalation

A sudden escalation of maritime hostilities in the Strait of Hormuz has forced multiple oil and liquefied natural gas (LNG) carriers to abort their transits, si

OilPrice·Jul 8

Equinor Awards Contracts for Norway Tiebacks

Equinor's massive $613 million investment in Norwegian offshore tiebacks highlights a broader industry shift toward maximizing existing infrastructure rather th

Rigzone·Jul 8

Dolphin Drilling’s 52-year-old rig secures longer run in India’s oil & gas exploration game

Dolphin Drilling has secured a contract extension with Oil India Limited for one of its oldest active semi-submersible rigs, demonstrating the sustained demand

Offshore Energy·Jul 8
Jul 8

Oceaneering and Petrobras extend collaboration through four-year ROV agreement

Jul 8

Equinor awards $612m of contracts for four NCS projects

Jul 8

China Lifts Fuel Export Curbs as Refiners Ramp Up Overseas Shipments

Jul 8

US Cancels Oil Waiver and Strikes Iran Anew

Jul 8

Oil Prices Jump After Iran Attacks Commercial Vessels

Jul 8

Why the AI Boom Is About to Break the U.S. Power Grid

Jul 7

The Next Oil Price Spike Could Come Sooner Than Traders Think

Jul 7

Has Iraq Finally Run Out of Road in Its Double-Dealings with the West?

Jul 7

US Crude Oil, Product Inventories Fall Even As Hormuz Traffic Begins to Flow

Jul 7

Oil Jumps on Hormuz Shipping Attacks