News

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

Rigzone·Jun 2·1 min read

Falcon Now under Tamboran

Tamboran Resources has finalized its consolidation of Falcon Oil & Gas, establishing an unassailable operational footprint across Australia's prospective Beetaloo Basin. By absorbing Falcon's working

Analysts Tell OPEC+ Hormuz Disruption Will Last Through Year End

External energy consultants briefed OPEC+ technical experts in Vienna that potential shipping and operational disruptions around the critical Strait of Hormuz c

Rigzone·Jun 2

North America Adds 28 Rigs Week on Week

Upstream operational momentum in North America saw a notable uptick with a single-week addition of 28 drilling rigs, as reported by Baker Hughes. This sharp exp

Rigzone·Jun 2

Ineos and Marubeni’s deal bringing more LNG to Asia

London-headquartered Ineos Energy has entered into a liquefied natural gas supply agreement with Japan's Marubeni Corporation, directing additional cargo flows

Offshore Energy·Jun 2

BP Starts Production at Caspian Gas Project

BP and its partners have achieved first commercial natural gas production from the deepwater non-associated gas reservoirs beneath the giant Azeri-Chirag-Gunash

Rigzone·Jun 2
Jun 2

Gas pipeline from Turkey to north ‘to be operational in 2028’

Jun 2

Parex Resources completes $500m acquisition of Frontera E&P assets

Jun 2

Bilfinger workers on multi-day strike mission at Ithaca’s North Sea assets over pay dispute

Jun 2

Offshore Energy Amsterdam 2026 opens early bird ticket sales with 25% discount

Jun 2

JGC, Fluor in the clear for early works to double output at Shell-run LNG Canada

Jun 2

Venezuela Oil Exports Hit 7-Year High

Jun 2

JP Morgan Sees Increasing Monthly Oil Demand Losses

Jun 2

SBM Offshore, Solstad enrich fleet pool with new multi‑purpose installation vessel

Jun 2

Oil Pulls Back as Trump Claims Lebanon Ceasefire Deal Is Within Reach

Jun 2

Rosneft Sees Increase in Profit on Higher Oil Prices