News

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

Offshore Energy·Jul 17·1 min read

Odfjell Drilling’s rig remaining with Norwegian oil & gas operator for another year

Odfjell Drilling has secured a one-year contract extension with Aker BP for its modern semi-submersible rig operating on the Norwegian Continental Shelf. This agreement underscores the sustained deman

The Middle East to lead global methanol capacity additions by 2030

The Middle East is leveraging its vast, low-cost natural gas reserves to establish global dominance in the petrochemical sector, specifically targeting a massiv

Offshore Technology·Jul 17

China Seeks Long-Term LNG Deals Beyond the Strait of Hormuz

China's state-owned energy giants are actively pivoting their long-term liquefied natural gas (LNG) procurement strategies to bypass the volatile Strait of Horm

OilPrice·Jul 17

Karoon boosts Brazilian field’s oil output with all wells now online

Australian independent Karoon Energy has successfully restored full production capacity at its flagship Baúna offshore oil field in Brazil's Santos Basin by bri

Offshore Energy·Jul 17

TotalEnergies offloading Mexican shallow water block to Grupo Carso

French supermajor TotalEnergies is streamlining its global upstream portfolio by divesting its interest in a shallow-water exploration block in Mexico to local

Offshore Energy·Jul 17·TotalEnergies SE
Jul 17

EIA Pushes 2026 USA Oil Output Forecast Closer to 14MM Bpd

Jul 17

101 European lawmakers urge Danish shipyard to cut its ties with Russia’s Arctic LNG fleet

Jul 17

Fugro to start offshore survey program in Timor-Leste this year

Jul 17

Oil prices rise as US-Iran hostilities threaten major shipping routes

Jul 17

Halliburton wins multi-year LSTK onshore contracts from Aramco

Jul 17

Libya Declares Major Oil Discovery Commercial as Production Revival Gains Pace

Jul 17

Borr Drilling’s Mexican JV closer to being five rigs richer as sale clears regulatory hurdle

Jul 17

Iran-Linked LPG Tankers Turn Back as U.S. Blockade Tightens

Jul 17

Spain-France hydrogen pipeline exits pre-FEED phase en route to final subsea design

Jul 17

Oil Prices Set for Biggest Weekly Surge Since April as Iran War Escalates