News

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

Offshore Energy·May 8·1 min read

Wave data campaign in Martinique paves the way for wave energy pilot

A comprehensive 12-month oceanographic data collection campaign has been launched off the coast of Martinique to evaluate local marine conditions for wave power generation. This offshore measurement i

BW Offshore’s FPSO staying until 2030’s end at North Sea field

BW Offshore has secured a long-term contract extension that locks in its floating production, storage, and offloading (FPSO) vessel on the UK Continental Shelf

Offshore Energy·May 8

Bill Seeks Moratorium on US Oil Exports

A legislative initiative introduced by a Democratic lawmaker proposes a federal moratorium on U.S. crude oil and refined petroleum product exports amid escalati

Rigzone·May 8

Oil Prices Whipsaw as U.S.-Iran Conflict Shakes Markets

Heightened geopolitical friction between Washington and Tehran precipitated sharp swings in global crude benchmarks during the first full week of May 2026. The

OilPrice·May 8

Why the UAE Left OPEC

Recent escalations in the Strait of Hormuz, marked by Iranian forces targeting US naval vessels with drones and missiles, underscore mounting geopolitical frict

OilPrice·May 8
May 8

USGS Sees 340+ Tcf of Recoverable Gas in Bossier Formation

May 8

Wison New Energies’ internal turret FPSO design wins endorsment from Lloyd’s Register

May 8

ABS, HD Hyundai and Anduril partner on autonomous surface vessels

May 8

LNG vessel pair enriches MISC’s fleet

May 8

Oil prices surge as US-Iran conflict threatens ceasefire

May 8

Eni conducts drill stem test at Geliga-1 discovery in Indonesia

May 8

Brent Oil Price Futures Understating Physical Market Stress

May 8

EU Awards $1.3B in Subsidies for Cleaner Hydrogen Production

May 8

Olympic Subsea’s methanol-ready vessel duo enters construction

May 8

A Golden Opportunity for Canada’s Oil and Gas Industry