News

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

Offshore Energy·Apr 24·1 min read

Two ammonia-fueled ammonia carriers to sport Wärtsilä systems in 2027

Wärtsilä Gas Solutions will provide cargo handling and fuel systems for two ammonia-fueled ammonia carriers scheduled for delivery in 2027. This development signifies a move towards decarbonization in

GeoPark Continuing Production Up QoQ

GeoPark experienced an overall production decrease due to divestments in Ecuador and Brazil. However, the company offset some of these losses with increased pro

Rigzone·Apr 24

EIV Capital Raises $1.1B for New Oil and Gas Funds

EIV Capital, a Houston-based private equity firm, has successfully raised $1.1 billion for two new oil and gas investment funds. This capital injection signals

Rigzone·Apr 24

Helix to Merge into Hornbeck

Helix Energy Solutions Group is merging into Hornbeck Offshore Services, creating a larger, more diversified offshore services company. The merger aims to estab

Rigzone·Apr 24

Top Indian Refiner Faces Profit Hit From Price Surge

Reliance Industries, India's largest oil refiner, is projected to experience a profit decline in its fourth quarter due to the surge in oil prices stemming from

OilPrice·Apr 24
Apr 24

Goldman Sachs Sees Rapid Oil Output Recovery if Iran War Ends

Apr 23

Why Biofuels Are Not The Answer To Decarbonizing Shipping

Apr 23

Europe Burns $28B With No Extra Energy as Crisis Deepens

Apr 23

BP's New Leadership Suffers Shareholder Revolt

Apr 23

Crude Jumps as Hormuz Tensions Rise

Apr 23

The Carbon Market Is Set for a Major Shake-Up

Apr 23

Phillips 66 First To Take Advantage of Jones Act Waiver for US Crude

Apr 23

Canada’s 23.6M Oil Barrel Pledge Is Already Priced In

Apr 23

Electrification Is the Real Energy Hedge—and China Knows It

Apr 23

Top Oil Refinery Ramps Up Jet Fuel