News

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

Rigzone·Feb 2·1 min read

Trump Says He Welcomes China, India Investment in VEN Oil

Former US President Donald Trump recently expressed a willingness to see China and India invest in Venezuela's beleaguered oil sector. This statement is significant as it potentially signals a pragmat

Texas Upstream Oil, Gas Employment Was Steady in 2025

Texas's upstream oil and gas sector demonstrated consistent employment levels through November 2025, maintaining a workforce of 201,200 individuals. This stabil

Rigzone·Feb 2

OPEC+ 8 Reaffirm Decision to Pause Output Hikes

Eight key OPEC+ nations recently convened virtually to assess the global oil market and reaffirmed their commitment to current production levels. This decision

Rigzone·Feb 2

Analysts Explain Energy 'Bloodbath'

A recent Rigzone article highlights a consensus among industry analysts who describe the current energy market as an 'energy bloodbath.' While specific details

Rigzone·Feb 2

Cyprus-flagged vessel stays in Western Hemisphere for another three months

A Cyprus-headquartered offshore services firm, SeaBird Exploration, has successfully secured a three-month contract extension for one of its Cyprus-flagged vess

Offshore Energy·Feb 2
Feb 2

McDermott wins contract for offshore decommissioning project in Qatar

Feb 2

Equinor Brasil extends West Saturn drill-ship deal for one year

Feb 2

TGS signs deal in Libya for multi-client data activities

Feb 2

OPEC+ Extends Output Pause Amid Glut Concerns

Feb 1

The Slow and Steady Revival of Libya's Oil and Gas Sector

Feb 1

The Coming LNG Supply Wave Is Good News for Europe

Jan 31

EU Faces Hard Choices after LNG “Wake-Up Call”

Jan 30

Greece Warns Shipowners Against Sailing Near Iran Coast

Jan 30

Analyst Reveals 'Market Consensus' for Next OPEC+ Meeting