News

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

Offshore Energy·May 8·1 min read

Local private firm to deliver SURF EPCI for Indonesian gas project

West Natuna Exploration Limited (WNEL), an operating arm of Singapore-listed Conrad Asia Energy, has awarded a key subsea, umbilicals, risers, and flowlines (SURF) EPCI contract to an Indonesian contr

North Sea wildcat on COSL rig’s drilling agenda for June

Norwegian major Equinor has obtained regulatory approval from the Norwegian Offshore Directorate to spud an exploration wildcat in the mature North Sea basin. T

Offshore Energy·May 8

Port of Blyth unveils GBP 100 million expansion linking to JDR cable factory

The Port of Blyth in northeast England has announced a GBP 100 million infrastructure expansion designed to directly integrate with JDR Cable Systems' new high-

Offshore Energy·May 8

Pakistan Rejects LNG Bids as Energy Crisis Deepens

Pakistan LNG Limited has scrapped its spot tender for two prompt liquefied natural gas cargoes despite facing acute domestic fuel deficits, deeming the offered

OilPrice·May 8

Shell reports 23% increase in Q1 2026 adjusted earnings

Shell demonstrated significant financial resilience in the opening quarter of 2026, delivering adjusted earnings of $6.9 billion on the back of disciplined oper

Offshore Technology·May 8·Shell plc
May 8

$7 Billion in Oil Bets Under Investigation

May 8

Oil Prices Jump After U.S. and Iran Exchange Fire in Strait of Hormuz

May 7

How Brazil Became Asia’s Emergency Oil Supplier

May 7

Venezuela Lands Billions in Oil Deals as Industry Rushes Back

May 7

Trump Cannot Just Win the Strait. He Has to Win the Oil Curve

May 7

Water Is Quietly Becoming One of the Biggest Risks in Energy

May 7

Adnoc LNG Tankers Go Dark to Get Gas Through Hormuz

May 7

Canada Scores Record Trade Surplus on High Oil

May 7

Oil Swings on Iran Deal Doubts

May 7

U.S. Energy Secretary: Iran Cuts Oil Output as Exports Collapse