News

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

OilPrice·May 11·1 min read

India Rejects Russian LNG Under Sanctions

Indian authorities and state-backed importers have formally rebuffed offers to purchase Russian liquefied natural gas produced by facilities targeted by Western sanctions, most notably the Arctic LNG

North America Adds Rigs Again

Baker Hughes reported a modest week-on-week gain of two drilling units in North America, highlighting cautious operational activity among regional upstream oper

Rigzone·May 11

Enbridge Beats Profit Estimates

North American midstream giant Enbridge outperformed quarterly earnings expectations, driven by substantial resilience in its gas transmission and distribution

Rigzone·May 11

Odfjell lands Magnus platform drilling contract from EnQuest

Odfjell Technology has expanded its platform drilling portfolio in the UK North Sea after being awarded a contract by independent operator EnQuest for the Magnu

Offshore Technology·May 11

Perenco Raises Oil Production Capacity in Congo-Brazzaville

Independent European upstream operator Perenco has commenced an active five-well drilling program targeting its offshore Masseko asset in the Republic of the Co

Rigzone·May 11
May 11

Texas Oil Regulator Praises Record Port Activity, Rising Output

May 11

Siemens Energy delivers all transformers for first UK-Germany energy link

May 11

Crude spikes as Trump dismisses Iran reply, Hormuz bottleneck persists

May 11

Conrad awards SURF contract for Mako field to Timas Suplindo

May 11

$30 billion mega gas project set to enrich Australia’s countrywide GDP by $98.7 billion

May 11

Global Coal Demand Surges as Middle East Energy Crisis Deepens

May 11

Oil Traders Adding Back Supply Risk Premium

May 11

Seadrill’s new rig deals of over $860 million lift total backlog to $3.1 billion

May 11

Aramco Q1 income rises 25% amid CEO’s warning on oil supply

May 11

Aramco Raises Profit as Production Remains Stable despite Crisis