Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.
North America increased its active drilling fleet by 28 rigs week on week, according to the latest Baker Hughes rotary rig count. This significant weekly jump signals a potential ramp-up in drilling a
London-based Ineos Energy has signed a liquefied natural gas (LNG) supply agreement with Japanese trading conglomerate Marubeni Corporation. This deal secures a
BP has successfully commenced the first-ever commercial gas production at the Azeri-Chirag-Gunashli (ACG) field in the Caspian Sea. This milestone unlocks a new
The Turkish Cypriot administration has announced a target operational date of 2028 for a natural gas pipeline connecting Turkey to northern Cyprus. This initiat
Parex Resources has finalized the acquisition of Frontera Energy's Colombian exploration and production assets for $500 million. This transaction consolidates P