Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.
Petrobras has announced a new hydrocarbon discovery in the pre-salt region of the Campos Basin, specifically in block C-M-477. This discovery reinforces the potential of the pre-salt area and could le
Transocean has secured a significant contract extension with Petrobras for one of its ultra-deepwater drillships, adding 1,156 days to the existing agreement. T
Chevron has increased its stake in Venezuela's heavy oil sector through an asset swap agreement with PDVSA. This deal involves Chevron transferring some of its
North America experienced a decrease of 10 active drilling rigs, marking the seventh consecutive week of rig count decline, according to Baker Hughes. This sust
Eni has completed acquisitions of power and gas utility assets from Acea, adding approximately 1.2 million customers to Eni's Plenitude. This move signifies Eni