All News Offshore Energy · June 25, 2026 (Jun 25) · 1 min read 44 jack-up rigs relocated in race against monsoon season Read on Offshore Energy Share: Latest Coverage ‘Protecting Cyprus’ maritime rights a national security priority’ The Nemesis 2026 exercise represents a sophisticated integration of defense and energy policy, signaling to global markets that Cyprus is actively mitigating the geopolitical risks associated with its offshore gas assets. By coordinating with major Western powers and regional allies, Nicosia is establishing a security umbrella designed to protect multi-billion dollar infrastructure from both asymmetric threats and environmental disasters. This annual drill has evolved from a standard search-and-rescue operation into a critical component of the Republic's strategy to ensure a stable investment climate for international oil companies. Cyprus Mail · November 11, 2026 Multi-license awards open Eastern Mediterranean doors for Murphy Oil Murphy Oil's strategic entry into the Eastern Mediterranean marks a significant diversification for the US-based independent, which has traditionally focused on the Gulf of Mexico and Southeast Asia. By securing six offshore exploration licenses near established world-class gas discoveries, the company is positioning itself to leverage existing regional infrastructure and the high demand for Mediterranean gas in European markets. This move signals a broadening of the player base in the region beyond the established supermajors like Eni and Chevron. Offshore Energy · November 10, 2026 Gas from Glaucus, Pegasus fields to be extracted from 2033 Cyprus Mail · November 10, 2026 Energean taps Njord Survey for North Sea decom work Splash247 · November 10, 2026 View all news → ← Previous MODEC to supply SOFEC mooring system for Coral Norte FLNG Next → Hitachi Energy wins €770M contract for first Europe-Africa interconnector