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

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Rigzone·Jul 2·1 min read

USA Crude Oil Stocks Drop Almost 4MM Barrels WoW

The latest weekly data from the U.S. Energy Information Administration (EIA) reveals a substantial drawdown in commercial crude inventories, signaling robust domestic refining demand and a tightening

Aqualis brings Southeast Asian player into its fold

Oslo-listed marine and engineering consultancy ABL Group (formerly AqualisBraemar LOC) has finalized its acquisition of SynergenOG, a specialist process safety

Offshore Energy·Jul 2

Shell Offloads Stake in US Gulf Production Hub

Shell's divestment of its 50% stake in its sole non-operated US Gulf of Mexico platform, alongside the Coulomb tieback, represents a disciplined portfolio ratio

Rigzone·Jul 2·Shell plc

Galilee Energy begins drilling Zydeco-1 well on Louisiana Gulf Coast

Australian independent Galilee Energy has officially spudded the Zydeco-1 exploration well in Acadia Parish, Louisiana, marking a pivotal strategic pivot into t

Offshore Technology·Jul 2

Russia Gasoline Shortage Starts to Spill Into Central Asia

Russia's domestic gasoline supply constraints are beginning to disrupt the energy security of neighboring Central Asian republics, which historically rely on Ru

Rigzone·Jul 2
Jul 2

Floating hydrogen terminals edge closer to reality with ammonia cracking tech validation

Jul 2

Ocean energy can supply 13% of global electricity demand, report says

Jul 2

Execs Predict Where Henry Hub Price Will Land in Future

Jul 2

TotalEnergies sheds stake in gas field for $350M as Inpex expands its Asian arsenal

Jul 2

Genel to Acquire Capricorn for $360 Million

Jul 2

Oil price declines continue following indirect US-Iran talks in Qatar

Jul 2

DOF wins contract for TotalEnergies’ FSO Unity Replacement Project

Jul 2

Which Countries Produce and Consume the Most Natural Gas?

Jul 2

Petronas Makes New Discoveries offshore Suriname

Jul 2

Harbour Energy begins gas production at Dvalin North in Norwegian Sea