News

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

Cyprus Mail·Mar 5·1 min read

Falling fuel and energy prices keep Cyprus inflation in check

Cyprus experienced remarkably stable inflation in February, registering a minimal 0.1%, primarily due to a significant decrease in energy expenses. This decline effectively counteracted upward price p

Oceaneering’s new electric ROV capable of continuous 30-day subsea ops

U.S. firm Oceaneering has introduced an advanced electric-propulsion Remotely Operated Vehicle, designed for unprecedented 30-day continuous subsea operations.

Offshore Energy·Mar 5

Britain's National Grid Awards $4B Supply Contracts for EGL3

National Grid has awarded substantial contracts, totaling nearly £3 billion, to Hitachi Energy and NKT for the critical components of the Eastern Green Link 3 (

Rigzone·Mar 5

Tanker suffers explosion and oil leak off Kuwaiti coast

A tanker anchored near Kuwait's Mubarak Al Kabeer port suffered a significant explosion on its port side, leading to the vessel taking on water and subsequently

Offshore Technology·Mar 5

Are We Heading for an All-Out War in the Middle East?

The Rigzone article presents a critical discussion featuring insights from Benjamin Zycher of the American Enterprise Institute and Doug Bandow of the Cato Inst

Rigzone·Mar 5
Mar 5

Fuel prices rise amid Middle East tensions, Cyprus braces for further hikes

Mar 5

Operation Epic Fury drives Americas heavy crude to multi-year highs

Mar 5

Four-party consortium sets up Japan-New Zealand hydrogen corridor

Mar 5

MOPU and FSO units linked, marking new milestone for African oil field revival

Mar 5

Fuel prices set to rise sharply in Cyprus as Iran crisis drives oil surcharge

Mar 5

EU Sees No Energy Supply Concern from Mideast War for Now

Mar 5

Chevron hires Hanwha Ocean for Mediterranean gas field expansion

Mar 5

Lamprell tasked with replacing 285 kilometers of subsea pipeline in India

Mar 5

Offshore Technology’s parent company GlobalData moves to Main Market of LSE

Mar 5

Two Russian Urals Tankers Divert 14 Million Barrels to Indian Ports