News

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

Offshore Energy·May 29·1 min read

First European LNG deal for Canada’s multibillion-dollar project

A Canadian LNG project, designed to export LNG to Asia, has secured its first agreement with a European buyer. This marks a significant development as it diversifies the project's customer base and po

Saudi Arabia Expected to Slash Oil Prices Again

Saudi Arabia is anticipated to further reduce official selling prices (OSPs) for crude oil destined for Asia in July. This decision is driven by softening deman

OilPrice·May 29

SLB, Vår Energi to enhance digital field planning on NCS

SLB and Vår Energi are deepening their partnership to improve digital field planning for oil and gas operations on the Norwegian Continental Shelf (NCS). This c

Offshore Technology·May 29

African oil & gas block’s farm-out one approval shy of completion

Europa Oil & Gas is awaiting final approval for a farm-out agreement concerning a block offshore Equatorial Guinea. The completion of this farm-out is crucial f

Offshore Energy·May 29

Equinor picks DeepOcean for multi-field subsea projects on NCS

Equinor has awarded DeepOcean a contract for subsea projects across multiple fields on the Norwegian Continental Shelf (NCS). This award signifies continued inv

Offshore Technology·May 29
May 29

China’s Export Prices Jump as Oil Shock Hits Factory Costs

May 29

KN Energies picks up job on European FSRU project

May 29

WATCH: Onshore cabling completed for Ireland’s first direct energy link to Europe

May 29

Canada’s Trans Mountain Pipeline Moves Toward Another Capacity Increase

May 29

DeepOcean wins subsea contract package with Equinor

May 29

South African Port Authority Inks Deal for Regasification Project

May 29

Norway Campaigning for Withdrawal of EU Arctic Drilling Pause

May 29

Cheniere awards EPC contract to Bechtel for SPL Expansion Phase 1

May 29

U.S. Extends Deadline for Sale of Lukoil’s Global Assets Again

May 29

Mitsui Eyes Global LNG Deals to Power the AI Data Center Boom