News

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

Rigzone·Jun 18·1 min read

Sable Seeks $1B Loan

Sable Offshore Corp.'s pursuit of a $1 billion senior secured term loan represents a high-stakes financial maneuver to fund the restart of the long-dormant Santa Ynez Unit in California. This capital

Equinor Targets 150,000 Boed Production Growth by 2030

Equinor's strategic pivot to accelerate near-field exploration and subsea tiebacks offshore Norway represents a highly disciplined, low-carbon approach to susta

Rigzone·Jun 18

India’s Energy Import Bill Jumps 82% Due to High Oil Prices

India's energy import bill has experienced a dramatic surge, driven by a combination of elevated global commodity prices and a strategic pivot toward non-Middle

OilPrice·Jun 18

Brazil’s frontier basin lit up as TGS, SLB drive 3D seismic push

The collaboration between seismic giants TGS and SLB to launch a major multi-client 3D seismic campaign in Brazil's Pelotas Basin signals a renewed global appet

Offshore Energy·Jun 18

More Than 60 Million Barrels of Oil Ready to Head to Asia as Hormuz Reopens

The imminent release of over 60 million barrels of stranded Middle Eastern crude into the global market marks a critical resolution to recent transit blockages

OilPrice·Jun 18
Jun 18

ExxonMobil and ZET strike deal for South Africa’s first LNG terminal

Jun 18

BP entrusts subsea decom and recycling job at UK field to DeepOcean

Jun 18

EnBW secures additional US LNG volumes from Venture Global

Jun 18

Goldman Sachs Warns Strait of Hormuz Traffic May Never Fully Recover

Jun 18

FPSO tie-back project unlocking seven more wells to enrich North Sea oil arsenal in 2027

Jun 18

Refinery Hit as Ukraine Pounds Moscow

Jun 18

Several North Sea oil & gas discoveries fusing into large subsea tie-back project

Jun 18

Vår Energi on portfolio reshaping spree: $460M acquisitions, swaps and divestments

Jun 18

Keyera takes full ownership of KAPS Pipeline in $860m deal

Jun 18

Oil Prices Slide After U.S. and Iran Sign Ceasefire Agreement