News

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

Offshore Energy·Apr 16·1 min read

ABL and PetroSafe pool resources in Egyptian energy landscape

ABL Group, a global consultancy, is partnering with PetroSafe, an Egyptian petroleum safety and environmental services company, to provide technical performance solutions for onshore and offshore ener

Oil Prices Holding Firm

Oil prices are currently stable, according to Zaye Capital Markets, as the market recovers from the initial surge caused by war-related anxieties. This suggests

Rigzone·Apr 16

India’s Cooking Gas Crisis Could Persist for Years

India's cooking gas (LPG) supply chain disruptions are expected to persist for 3-4 years, according to a government official. This prolonged recovery will impac

OilPrice·Apr 16

Oil steadies as doubts grow over US-Iran peace talks

Oil prices stabilized on April 16 after initial declines, driven by growing skepticism surrounding the success of US-Iran peace talks. The uncertainty stems fro

Offshore Technology·Apr 16

I Squared to buy Spire’s gas storage assets for $650m

I Squared Capital is acquiring Spire's natural gas storage assets in Wyoming and Oklahoma for $650 million. This acquisition signifies continued investment in c

Offshore Technology·Apr 16
Apr 16

Cost cuts unlocked as DeepOcean unifies two subsea operations into one

Apr 16

European Buyers Eye Canadian LNG to Diversify Supply

Apr 16

Vår Energi, Equinor file amended PDO for GGE project

Apr 16

With two new deals, Saipem’s contract value for Saudi field reaches $900 million

Apr 16

China’s Refinery Runs Slip as War Squeezes Crude Supply

Apr 16

Repsol Returns to Venezuela With Ambitious Production Growth Plan

Apr 16

Oil Prices Steady as Traders Balance Diplomatic Progress With Physical Shortages

Apr 16

IMF Warns Of Potential Global Recession Amid High Oil Prices

Apr 15

Oil’s 50% Surge Sparks Supercycle Talk but Risks Linger

Apr 15

U.S. Is Most Resilient to the Energy Shock, Until It Isn’t