News

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

Offshore Technology·1d ago·1 min read

Oil hits two-week high after Trump says Iran peace deal is over

The sudden collapse of diplomatic understandings between the United States and Iran has injected a fresh risk premium into global crude benchmarks, driving prices up by over 5%. This escalation signal

Oil and gas industry witnessing a transformation with Industrial Internet

The global Industrial Internet market within the industrial sector, heavily driven by oil and gas digitalization, is projected to more than double to $553 billi

Offshore Technology·1d ago

Eni Starts Building Italian Battery Hub, Agrees Chilean Lithium Investment

Italian energy major Eni is accelerating its diversification strategy by simultaneously entering the upstream lithium supply chain in South America and establis

Rigzone·1d ago·ENI S.p.A.

$1.13 billion injection from UAE player fuels growth of EIG’s LNG arm

MidOcean Energy, the LNG-focused subsidiary of US private equity firm EIG Global Energy Partners, has secured a massive $1.13 billion capital injection from a p

Offshore Energy·1d ago

Oil and LNG Tankers Make U-Turns After Fresh Hormuz Escalation

A sudden escalation of maritime hostilities in the Strait of Hormuz has forced multiple oil and liquefied natural gas (LNG) carriers to abort their transits, si

OilPrice·1d ago
1d ago

Equinor Awards Contracts for Norway Tiebacks

1d ago

Dolphin Drilling’s 52-year-old rig secures longer run in India’s oil & gas exploration game

1d ago

Oceaneering and Petrobras extend collaboration through four-year ROV agreement

1d ago

Equinor awards $612m of contracts for four NCS projects

1d ago

China Lifts Fuel Export Curbs as Refiners Ramp Up Overseas Shipments

1d ago

US Cancels Oil Waiver and Strikes Iran Anew

1d ago

Oil Prices Jump After Iran Attacks Commercial Vessels

1d ago

Why the AI Boom Is About to Break the U.S. Power Grid

2d ago

The Next Oil Price Spike Could Come Sooner Than Traders Think

2d ago

Has Iraq Finally Run Out of Road in Its Double-Dealings with the West?