News

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

Offshore Energy·Apr 27·1 min read

Seatrium ticks tugboat fleet sale off non-core asset divestment list

Seatrium, a Singapore-based offshore, marine, and energy solutions provider, has completed the sale of its tugboat fleet. This sale is part of Seatrium's ongoing strategy to divest non-core assets and

Cyprus fuel sales surge in March despite price volatility

Cypriot domestic petroleum product consumption experienced a substantial increase in March 2026, indicating robust economic activity and consumer resilience des

Cyprus Mail·Apr 27·TotalEnergies SE

TotalEnergies Greenlights Battery-Backed Wind Project in Kazakhstan

TotalEnergies and partners have approved a $1.2 billion wind and battery storage project in Kazakhstan. This project will have the capacity to power one million

Rigzone·Apr 27·TotalEnergies SE

Multimillion-dollar extension keeps Archer busy in Norway for three more years

Archer, an oil services company listed on the Oslo Stock Exchange, has secured a multi-year contract extension with Equinor for operations on the Norwegian Cont

Offshore Energy·Apr 27

€100 million EU financing backs Port of Klaipėda’s energy transition path

The European Investment Bank (EIB) has approved €100 million in financing for the Port of Klaipėda to support its energy transition. This investment signals a m

Offshore Energy·Apr 27
Apr 27

Equinor picks up permit for drilling ops with Transocean rig

Apr 27

Sanctions Escalation Hits Chinese Refiners Tied to Iranian Crude Trade

Apr 27

Canada approves Enbridge’s $2.9bn Westcoast expansion project

Apr 27

Idle vessel from Shearwater’s fleet finds new owner

Apr 27

Goldman Sachs Raises Oil Price Forecast Yet Again

Apr 26

Europe Emerges As Key Buyer Of U.S. Strategic Petroleum Reserve Oil

Apr 26

Structural Gas Demand Destruction Threatens Global LNG Market

Apr 26

The World’s Data Lifelines Are Increasingly Exposed to Sabotage

Apr 26

Canada Just Opened North America's First Battery-Grade Lithium Refinery

Apr 25

Dangote at Full Throttle as Nigeria Becomes a Net Fuel Exporter