News

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

Offshore Energy·May 15·1 min read

Industry players unite to form UAE’s first shipbuilding consortium

Key industrial stakeholders in the United Arab Emirates have joined forces to establish the nation's inaugural shipbuilding and maritime consortium. This strategic alliance is designed to localize off

Velesto lines up multi-well offshore rig job in Southeast Asia

Malaysian offshore drilling contractor Velesto Energy has secured a new multi-well contract to deploy one of its premium jack-up rigs for an offshore drilling c

Offshore Energy·May 15

Oil Prices Surge as Hormuz Shutdown Keeps Supply Fears Alive

Crude oil markets have witnessed a sharp upward surge as escalating military posturing and potential maritime disruptions around the Strait of Hormuz inject a s

OilPrice·May 15

Netanyahu’s Coalition Fractures as Israel Edges Toward Early Elections

Mounting political instability within Israeli Prime Minister Benjamin Netanyahu's governing coalition is pushing Israel closer to snap elections, raising questi

OilPrice·May 15

Azerbaijan kicks off offshore wind measurement campaign with LiDAR deployed in Caspian Sea

Azerbaijan has officially initiated an offshore wind resource assessment in the Caspian Sea by deploying an advanced floating LiDAR measurement system. This ste

Offshore Energy·May 15
May 15

USA EIA Reveals Latest Oil Price Forecasts

May 15

‘Many key components’ manufactured for BiMEP-destined wave energy unit

May 15

ABL wins MWS contract for Mero 3 and 4 projects offshore Brazil

May 15

Commonwealth LNG Approves $13 Billion Louisiana Export Project

May 15

DNO in the clear for drilling ops with Odfjell Drilling-managed rig

May 15

Why Has Oil Not Gone Higher in Wake of USA-Iran Conflict?

May 15

Perenco Restarts Davy Gas Production in UK North Sea

May 15

Solstad Offshore comes out as winner in CSV legal battle

May 15

Canada’s LNG Ambitions Grow as British Columbia Warms to Gas Exports

May 15

Inpex coming aboard Australia’s huge multibillion-dollar gas project