All News Cyprus Mail · June 9, 2026 (Jun 9) · 1 min read Cyprus promotes regional energy cooperation in Washington Read on Cyprus Mail Share: Latest Coverage Gulf Producers Find Workarounds As Hormuz Tensions Persist Kuwait has restored crude exports to approximately 1 million barrels per day, successfully recovering roughly two-thirds of its standard outbound volumes despite elevated maritime risks in the Persian Gulf. State producer Kuwait Petroleum Corporation is utilizing logistical bypasses and adaptive shipping schedules to mitigate disruptions associated with the Strait of Hormuz bottleneck. This recovery demonstrates how major Middle Eastern national oil companies are hardening their supply chains against regional geopolitical conflict to reassure global crude off-takers. OilPrice · September 8, 2026 First subsea contract with Eni takes McDermott to Cyprus Houston-based engineering contractor McDermott has clinched a milestone subsea engineering, procurement, construction, and installation (EPCI) contract from Italian energy major Eni for offshore operations in Cyprus. This award represents McDermott's first direct subsea contract with Eni, indicating substantial commercial momentum toward commercializing gas discoveries in the Republic of Cyprus' Exclusive Economic Zone (EEZ). The development reflects growing supply chain readiness as major operators pivot from purely exploratory phases to infrastructure deployment in deepwater Eastern Mediterranean plays. Offshore Energy · September 8, 2026 Oil Prices Hit 3-Month Highs Rigzone · September 8, 2026 Eni hands McDermott major Cyprus subsea contract Splash247 · September 8, 2026 View all news → ← Previous Kuwait Offers Oil to Asian Buyers for 1st Time Since War Next → BLM Opens Review of 126,744 Acres for Colorado Oil and Gas Lease Sale