News

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

Offshore Technology·May 21·1 min read

Inpex signs agreements for offtake from Abadi LNG Project

Japan's Inpex has reached preliminary offtake agreements with several buyers for liquefied natural gas sourced from the long-delayed Abadi LNG development in Indonesia's offshore Masela Block. Securin

Wood Mackenzie Warns Oil Could Hit $200

Global energy research consultancy Wood Mackenzie has released a scenario outlining the potential for Brent crude to surge toward $200 per barrel by late 2026.

Rigzone·May 21

Saipem and Petrobras set their cap on advancing Brazil’s decom offering

Italian offshore contractor Saipem has partnered with Brazilian state-run operator Petrobras to advance technological and operational solutions for offshore dec

Offshore Energy·May 21

QatarEnergy, ExxonMobil ink Cyprus pact with Egypt

In a pivotal regional development, QatarEnergy and ExxonMobil have entered into a tripartite agreement with the Egyptian government to assess the feasibility of

LNG Prime·May 21·ExxonMobilqatar-petroleum

Traders Expect Oil Prices to Remain Above $81 for the Next 12 Months

Market participants increasingly view crude prices above $80 per barrel as the baseline for the coming year, driven by structural geopolitical friction and pers

OilPrice·May 21
May 21

DeepOcean picks up subsea and topside removal job for North Sea FPSO

May 21

Wood to deliver pipeline design and more for Qatar’s redevelopment project

May 21

BP expands Indonesia footprint with Bintuni, Drawa and Barong PSCs

May 21

Constellation to Invest in Pine Creek RNG

May 21

Arab Energy Fund Makes $120MM LNG Investment in MidOcean

May 21

Wave-measuring device deployed at new marine energy test site in Massachusetts

May 21

Goldman Sachs Sounds Fresh Alarm on Global Oil Stockpiles

May 21

No break for TGS as it scores triple win in Norwegian North Sea

May 21

Saudi Arabia Forced to Boost Fuel Oil Imports as Gas Output Dips

May 21

StanChart Says Record SPR Withdrawals Are Tightening U.S. Oil Buffers