Industry News
Latest updates on Cyprus and Eastern Mediterranean oil & gas sector.
Exxon, Chevron Lift Oil Production, Blunting Price Drop
Exxon Mobil Corp. and Chevron Corp. surpassed profit expectations as higher oil production helped offset the blow from lower crude prices.
Texas RRC Reveals Latest Oil, Gas Production Figures
The Railroad Commission of Texas (RRC) revealed its latest preliminary crude oil and natural gas production figures.
Murphy Oil Raises Dividend
Murphy Oil increased its quarterly dividend per share by eight percent to 0.35.
ExxonMobil reports 14% drop in Q4 net profit
ExxonMobil has reported a net profit of .5bn, or .53 per diluted share, for the fourth quarter (Q4) of 2025, a 14% decrease compared to .6bn, or .72 per diluted share, for the same period of 2024.
Frontera to sell Colombian assets to Geopark for up to $600m
Frontera Energy has signed a definitive agreement to divest its Colombian exploration and production (E&P) assets, Frontera Petroleum International Holdings, to Geopark, with the equity valued at up to 00m.
Seadrill’s 2014-built drillship staying one more year in Brazil
Seadrill, an offshore drilling contractor, has secured more time with Equinor Brasil Energia, a subsidiary of Norway’s state-owned energy giant Equinor, for a drillship working off the coast of Brazil. The post Seadrill’s 2014-built drillship staying one more year in Brazil appeared first on Offs...
Analyst Reveals 'Market Consensus' for Next OPEC+ Meeting
The next OPEC+ meeting is currently scheduled to take place on Sunday.
Second Berge Bulk vessel sports Anemoi rotor sails
UK-based wind-assisted propulsion provider Anemoi Marine Technologies has completed the installation of four folding […] The post Second Berge Bulk vessel sports Anemoi rotor sails appeared first on Offshore Energy.
Trio paving the way for hydrogen adoption in FPSO and maritime power sphere
Three players, Japan’s MODEC, Norway’s Eld Energy, and Delta Electronics, have joined forces to expand hydrogen use in the maritime sector, driving energy transition by deploying solid oxide fuel cell (SOFC) technology for the first time on a floating production, storage and offloading (FPSO) vessel
GeoPark to Acquire Frontera Energy Assets in Colombia
'The transaction creates a leading regional independent E&P platform across Colombia and Argentina'.
2017-built jack-up rig lines up multi-well drilling gig in West Asia
Texas-headquartered Northern Offshore, a builder and operator of jack-up rigs, has secured a new assignment for a nine-year-old jack-up rig off the coast of Oman, West Asia. The post 2017-built jack-up rig lines up multi-well drilling gig in West Asia appeared first on Offshore Energy.
Minesto awarded funding to speed up tidal energy development in Taiwan
Swedish tidal energy developer Minesto has secured grant funding from the Swedish Energy Agency […] The post Minesto awarded funding to speed up tidal energy development in Taiwan appeared first on Offshore Energy.