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

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Offshore Technology·Jul 1·1 min read

Petronas reports two new hydrocarbon finds in Suriname’s Block 52

Petronas has significantly bolstered the commercial viability of Suriname's offshore energy sector by securing two new hydrocarbon discoveries alongside a successful appraisal well in Block 52. This d

Transocean secures $1bn Equinor contract for three Norwegian rigs

Transocean's massive $1 billion contract win with Equinor for three harsh-environment semisubmersibles underscores the sustained strength of the offshore drilli

Offshore Technology·Jul 1

Oil's Softening Trend Continues

Global crude markets are experiencing a sustained downward pressure as the rapid return of low-cost, easily accessible oil production outpaces the sluggish reco

Rigzone·Jul 1

ADNOC, Eni Acquire Stakes in Argentina LNG Blocks

Abu Dhabi's ADNOC and Italy's Eni have strategically entered Argentina's prolific Vaca Muerta shale play to secure feed gas for a major planned liquefied natura

Rigzone·Jul 1·ENI S.p.A.

ExxonMobil, QatarEnergy pen commercial gas discovery declaration in Cyprus

ExxonMobil and QatarEnergy have officially declared the commercial viability of their natural gas discoveries in Block 10 off the southern coast of Cyprus. This

Offshore Energy·Jul 1·ExxonMobilQatar Energy
Jul 1

America Bets $50 Billion on Coal and Gas Power as Electricity Demand Soars

Jul 1

Shell offloads stakes in certain US Gulf deepwater oil assets for $1.7 billion

Jul 1

Transocean’s rig trio scoops up $1 billion for drilling work in Norwegian waters

Jul 1

Shell to divest Na Kika and Coulomb assets for $1.7bn

Jul 1

US Makes Progress in Indirect Talks on Iran Deal

Jul 1

Australia in need of new gas investments to ensure energy security

Jul 1

Shell Offloads 50% Stake in Na Kika Platform for $1.7 Billion

Jul 1

Recently upgraded Oceaneering vessel starts cross-regional offshore survey campaign

Jul 1

More work in Australian waters to keep DOF’s vessel busy for another year

Jul 1

Eidesvik’s 2012-built vessel lines up multi-year gig with Aker BP