News

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

All ENI ExxonMobil TotalEnergies Shell Chevron Aphrodite Glaucus

Offshore Technology·May 4·1 min read

EPA eases flaring rules for oil and gas sector beyond 2026 phase-out

The EPA has issued guidance allowing oil and natural gas producers to continue routine flaring in specific situations beyond the May 7, 2026, phase-out deadline. This decision effectively softens the

OPEC+ Decides to Boost Output

OPEC+ nations, including Saudi Arabia and Russia, have announced plans to increase oil production starting in June. This decision signals a potential shift in t

Rigzone·May 4

NextGeo’s contract with Saipem offshore Libya increased for €4-6 million

Next Geosolutions (NextGeo) has expanded its contract with Saipem for work offshore Libya, increasing the contract value by €4-6 million. This indicates continu

Offshore Energy·May 4

Scout Energy sells Western Anadarko assets for $1bn

Scout Energy Partners has sold oil and gas assets in the Western Anadarko Basin for over $1 billion to an undisclosed buyer. This transaction signals continued

Offshore Technology·May 4

Prosafe set on securing ‘follow-on’ vessel work

Prosafe, a semi-submersible accommodation vessel owner, has released information regarding its fleet utilization expectations for Q1 2026 and beyond. This annou

Offshore Energy