News

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

Rigzone·Feb 24·1 min read

How Full Is the USA Strategic Petroleum Reserve?

The U.S. Strategic Petroleum Reserve (SPR) has been a focal point of global energy discussions, particularly following significant drawdowns in 2022 to stabilize markets. Its current inventory levels,

Oil Market Remains Firmly in Wait and See Mode

The global oil market is currently exhibiting a cautious sentiment, with participants largely holding back on significant moves as they await clearer signals. T

Rigzone·Feb 24

‘First-ever’ remote operated landing crafts to be built in Malaysia

Malaysia-based offshore support vessel builder Nam Cheong has secured contracts to construct what are being described as the industry's inaugural remote-operate

Offshore Energy·Feb 24

Technip Energies, JGC and SHI chosen to progress Mozambique’s second FLNG project

A consortium comprising Technip Energies, JGC, and Samsung Heavy Industries has been selected to advance Mozambique's second floating liquefied natural gas (FLN

Offshore Energy·Feb 24

Dust storms a serious issue for Cyprus solar power

A recent scientific study in Cyprus has quantified the significant negative impact of increasingly frequent and intense dust storms on the nation's solar energy

Cyprus Mail·Feb 24
Feb 24

Saipem wins $500m Saudi offshore contract with Aramco

Feb 24

Hungary and Slovakia Block New EU Sanctions against Russia

Feb 24

Eni Nears FID for Indonesia’s Offshore Gas Projects

Feb 24

Tidewater to Acquire Wilson Sons Ultratug Offshore

Feb 24

TotalEnergies to Supply US LNG to Ukraine via German Terminal

Feb 24

Saipem’s agreement with Aramco takes it to ‘one of world’s largest offshore oil fields’

Feb 24

Russian Oil Shipments Climb 6% Above Pre-2022 Invasion Levels

Feb 24

Parex proposes $500m acquisition of Frontera’s Colombian assets

Feb 24

LNG Canada ships 50th cargo

Feb 24

Diamondback Says Oil Glut Fears Are Fading as Demand Holds Strong