News

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

Offshore Energy·Jun 4·1 min read

Ocean Installer enters Brazil thanks to contract with Equinor

Norway's Ocean Installer has secured a major foothold in the highly competitive Brazilian offshore market through a new contract with Equinor. This contract involves subsea umbilical, riser, and flowl

Pakistan Rushes to Secure LNG as Summer Power Demand Surges

Pakistan's aggressive return to the spot LNG market with a new 1-million-ton tender highlights the country's acute vulnerability to seasonal cooling demands and

OilPrice·Jun 4

MODEC and Eld embark on next-gen carbon capture-enabled FPSO power system

Japanese offshore specialist MODEC has partnered with Norway's Eld Energy to develop a pioneering 1.2 MW carbon capture-enabled fuel cell power system tailored

Offshore Energy·Jun 4

Delfin Midstream approves $5bn FID for Delfin LNG project phase one

Delfin Midstream's $5 billion final investment decision for its inaugural floating LNG vessel off Louisiana marks a pivotal moment for the North American export

Offshore Technology·Jun 4

Velesto’s 2014-built rig takes on multi-well drilling campaign in Southeast Asia

Velesto Energy's latest contract win in Thailand underscores the sustained demand for premium jack-up rigs in Southeast Asia's shallow-water gas provinces. This

Offshore Energy·Jun 4
Jun 4

Trump Plans $700 Million Lifeline for U.S. Coal Power Plants

Jun 4

Oil Prices Dip as Israel-Lebanon Ceasefire Revives Iran Deal Hopes

Jun 3

Europe Scrambles to Contain the Energy Shock

Jun 3

Venezuela Wants Oil Firms to Supply Their Own Power

Jun 3

A Barrel Trapped Behind Hormuz Isn't Spare Capacity

Jun 3

Oil Settles Higher On Iran Strikes

Jun 3

States Take Trump to Court Over Offshore Wind Cancelations

Jun 3

Cook Inlet LNG puts new FSRU-based lifeline on Alaska’s energy horizon

Jun 3

GasBuddy Warns USA Gas Price Relief May be Short Lived

Jun 3

Kuwait to Look at Expanding Global Oil Storage