News

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

Offshore Energy·May 7·1 min read

Seal of approval for North Sea oil & gas exploration with COSL rig on drilling duty

Norwegian regulatory authorities have granted Equinor approval to conduct exploration drilling in the North Sea utilizing a semi-submersible rig chartered from COSL Drilling Europe. This permitting cl

US program selects 34 marine energy projects for technical support in record $4.8M round

The U.S. Department of Energy's TEAMER initiative has awarded a record $4.8 million across 34 marine energy projects to accelerate early-stage technology valida

Offshore Energy·May 7

Oil Crunch Prompts Plastics Crisis in Asia

Escalating geopolitical conflict in the Middle East has disrupted upstream hydrocarbon flows, triggering acute feedstock shortages for Asia's petrochemical manu

OilPrice·May 7

Eni Confirms Size of 'Giant' Gas Discovery offshore Indonesia

Eni has validated substantial hydrocarbon volumes at the Geng North (Geliga-1) structure within the prolific Kutei Basin through comprehensive flow testing. The

Rigzone·May 7·ENI S.p.A.

Physical Oil Market Does Not Run on Political Timelines

Independent research consultancy Rystad Energy has underscored a widening divergence between geopolitical policy objectives and the structural realities of phys

Rigzone·May 7
May 7

Murphy Oil edging closer to bringing online projects in US Gulf and Vietnam

May 7

Shell Beats Profit Estimates as War Brings Trading Windfall

May 7

Shell Profit Soars as Volatility Boosts Trading

May 7

Diversified, Carlyle strike $1.2bn deal for Anadarko Basin portfolio

May 7

Golden Pass LNG to ship second export cargo

May 7

Australian offshore production license paving the way for first gas in 2028

May 7

Substitute engine parts cause of fire on board UK survey vessel, report says

May 7

EU Suspends Methane Rules as Energy Crunch Intensifies

May 7

Solstad’s largest vessel set for two years around the world

May 7

Australia Orders LNG Exporters to Reserve 20% of Gas for Domestic Market