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

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Rigzone·Feb 10·1 min read

BofA Report Compares Big Oil Cos

A recent BofA Global Research report, distributed via Rigzone last month, provided an analytical comparison of leading international oil companies. This analysis likely delves into the strategic posit

Transocean to Buy Valaris in Near $6B Deal

Transocean is set to acquire Valaris in a significant transaction valued at nearly $6 billion, aiming to consolidate market share within the offshore drilling s

Rigzone·Feb 10

DECARBON 2026: low-carbon hydrogen a central tool for O&G decarbonisation

The DECARBON 2026 event served as a platform for oil and gas industry leaders to deliberate on the critical role of low-carbon hydrogen in their decarbonization

Offshore Technology·Feb 10

BP Halts Share Buybacks

BP Plc has announced a suspension of its share buyback program, a strategic move aimed at strengthening its financial position. This decision signals a repriori

Rigzone·Feb 10

Chevron selects Subsea7 for Mediterranean offshore work planned in 2028

Chevron has awarded Subsea7 a significant contract for offshore work in the Mediterranean, with operations slated for 2028. This development highlights the subs

Offshore Energy·Feb 10·Chevron Corporation
Feb 10

Subsea7 secures Chevron contract for Eastern Mediterranean project

Feb 10

Shell Reserve Decline Raises Need for Deals or Discoveries

Feb 10

AI Loses Its Shine as Money Rotates Back Into Big Oil

Feb 9

Oil Settles Higher as Hormuz Risks Resurface

Feb 9

Shell’s Oil Reserves Have Dropped To Lowest Levels Since 2013

Feb 9

U.S. LNG Remains Profitable Despite Oversupply Concerns

Feb 9

Transocean To Buy Offshore Rig Contractor Valaris For $5.8 Billion

Feb 9

Hedge Funds Increase Bullish Oil Bets Amid Rising Iran Tensions

Feb 9

Why Falling Oil Prices Won’t Save Consumers From Rising Power Bills