News

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

Offshore Energy·Apr 15·1 min read

CCS exploration drilling ops cleared for launch offshore Japan

Metropolitan CCS, a JV between Inpex and Kanto Natural Gas Development, has received approval to commence exploratory drilling offshore Kujukuri, Japan, for carbon capture and storage (CCS) purposes.

Samsung Heavy Industries handpicks GTT for LNG vessel’s tank design

Samsung Heavy Industries has selected GTT for the tank design of a new LNG carrier. This continues the trend of collaboration between Korean shipbuilders and GT

Offshore Energy·Apr 15

EIA Boosts 2026 Brent Oil Price Projection to $96

The U.S. Energy Information Administration (EIA) has revised its Brent crude oil price forecast upwards to $96 per barrel for 2026. This adjustment suggests an

Rigzone·Apr 15

Norway eyes enhanced oil & gas recovery projects to boost production

The Norwegian Offshore Directorate (NOD) is focusing on enhanced oil and gas recovery (EOR) projects to increase production on the Norwegian Continental Shelf (

Offshore Energy·Apr 15

BP Expects 'Exceptional' Oil Trading Results for Q1

BP anticipates 'exceptional' oil trading results for Q1 2026 due to a high-price environment. The company expects increased discrepancies between benchmark pric

Rigzone·Apr 15
Apr 15

Swedish firm looking to deploy its hybrid ocean energy platform in Costa Rica

Apr 15

Vår Energi unveils $360 million investment in Barents Sea field

Apr 15

New episode: How have global oil supply chains shifted around the Iran conflict?

Apr 15

Analyst Flags Peace Momentum but Gives Oil Market Warning

Apr 15

Oil prices hold as US-Iran talks loom amid Hormuz closure

Apr 15

Transocean’s Deepwater Corcovado secures $445m extension

Apr 15

AF Gruppen buys Acteon business to expand its decom and offshore wind offering

Apr 15

Supertanker Tests Blockade With Second Gulf Entry Attempt

Apr 15

South Korean giant taps Wärtsilä for very large ethane carrier pair

Apr 15

OneSubsea and TOYO to explore CCS opportunities in Southeast Asia