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

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Rigzone·Apr 16·1 min read

Chevron Expands Heavy Oil Footprint in Venezuela

Chevron has increased its stake in the Petroindependencia joint venture with PDVSA in Venezuela to 49% through an asset swap. This move signifies Chevron's continued commitment to Venezuelan heavy oil

Chevron Corporation

USA Crude Oil Stocks Drop Almost 1MM Barrels WoW

U.S. crude oil inventories, excluding the Strategic Petroleum Reserve (SPR), decreased by almost 1 million barrels week-over-week, according to the EIA's latest

Rigzone·Apr 16

Bessent Says USA Won't Renew Iranian, Russian Oil Waivers

U.S. Treasury Secretary Scott Bessent confirmed the U.S. will not renew general licenses permitting temporary sales of specific Russian and Iranian crude oil. T

Rigzone·Apr 16

Transocean scores 390-day Mediterranean Sea job for 2014-built drillship

Transocean has secured a 390-day contract in the Eastern Mediterranean Sea for one of its ultra-deepwater drillships. This indicates continued demand for deepwa

Offshore Energy·Apr 16

Brookside Energy contracts Kenai’s Rig 18 for SWISH development

Brookside Energy has contracted Kenai Drilling's Rig 18 for development drilling in its SWISH Area of Interest (AOI) within Oklahoma's Anadarko Basin. This agre

Offshore Technology·Apr 16
Apr 16

Saipem wins $400m contracts from Aramco for Safaniya oilfield

Apr 16

ADES gets hold of three new jack-up jobs and rig deal extension in Nigeria

Apr 16

LD Armateurs to offer turnkey subsea solutions with new addition to fleet

Apr 16

93-meter subsea support vessel stays with Mermaid Subsea Services

Apr 16

TotalEnergies Discovers More Oil offshore Congo Brazzaville

Apr 16

Entergy breaks ground on two new gas plants in south-east Texas

Apr 16

Schottel equips two Spanish hybrid tankers with propulsion

Apr 16

Shipyard-based rig intake and inspection gigs on ModuSpec’s worksheet

Apr 16

New item added to Axess’ Norwegian oil & gas assignment with Equinor

Apr 16

Aussie Refinery Reduces Production after Fire