News

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

In-Cyprus·May 20·1 min read

Eni moves towards final investment decision on Kronos as Cyprus approves gas development plan

The Cypriot Council of Ministers has formally endorsed the commercial development plan for the Kronos gas discovery in offshore Block 6, marking a historic leap toward the island nation's inaugural do

Energean Slashes Dividend After Israel Gas Shutdown Cuts Output

Independent upstream operator Energean plc has reduced its first-quarter dividend distribution and revised its 2024 production guidance downward following prolo

OilPrice·May 20

Bernhard Schulte’s first LCO2 carrier step closer to Northern Lights

Shipowner Bernhard Schulte has advanced construction on its custom-built liquefied CO2 (LCO2) carrier intended to service the flagship Northern Lights carbon ca

Offshore Energy·May 20

Sea Lion eyes bigger bite with second FPSO deal to speed up oil uptick

Navitas Petroleum is actively planning to accelerate the development timeline for its flagship Sea Lion oil field in the North Falkland Basin by securing a seco

Offshore Energy·May 20

Diko promises to beef up pensions from natural gas revenue

Ahead of legislative elections, the leadership of Cyprus's centrist Diko party announced legislative plans to allocate future offshore hydrocarbon revenues dire

Cyprus Mail·May 20
May 20

Equinor and Eneco agree five-year NCS gas supply for Germany

May 20

Why Is Oil Moving Lower Today?

May 20

India Eyes Direct Gulf Oil Loading Despite Hormuz Blockade

May 20

Shearwater gets to work for Shell and Equinor’s joint venture

May 20

QatarEnergy Enters Uruguay with Shell Deal for Three Offshore Blocks

May 20

Oil boost on the horizon with go-ahead for project off Gabon and infill wells in Brazil

May 20

Strikes Hit Two Australian LNG Facilities After Wage Talks Collapse

May 20

UK to Allow Import of Fuels Refined from Russian Oil

May 20

Kinetik takes FID on $260m Kings Landing II gas processing plant

May 20

ExxonMobil orders more line pipe from Vallourec