News

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

Rigzone·May 6·1 min read

Macquarie Strategists Expect Another USA Crude Inventory Draw

Macquarie's energy strategists are projecting a consecutive decline in United States commercial crude inventories, driven fundamentally by robust domestic export flows absorbing supply. This anticipat

Saudi Arabia Cuts June Oil Prices by Less Than Expected as Hormuz Risks Persist

State oil producer Saudi Aramco has lowered its June official selling prices for Asian buyers from May's record levels, though the downward revision was substan

OilPrice·May 6

Turkish shipyard delivers 100-meter cable lay vessel to Norway

Norwegian offshore contractor Agalas has officially taken delivery of a custom-designed, 100-meter cable laying and light construction support vessel constructe

Offshore Energy·May 6

New gas storage license on the horizon for UK’s integrated energy storage project

UK-based developer EnergyPathways is poised to secure a key gas storage license from the North Sea Transition Authority for its major offshore development in th

Offshore Energy·May 6

Equinor and ORLEN start Eirin gas production in North Sea

Equinor and partner ORLEN Upstream Norway have officially brought the Eirin subsea gas development onstream in the Norwegian North Sea. Developed as a cost-effe

Offshore Technology·May 6
May 6

Europe’s Gas Market Braces for Winter Shock as Traders Bet Prices Could Double

May 6

Transocean’s $5.8 billion merger with Valaris pending US antitrust clearance

May 6

DeepOcean performs first subsea intervention managed from shore

May 6

Oil Prices Fall Below $100 After Trump Pauses Hormuz Escort Plan

May 6

Aker Solutions wins FEED contract for Atlantis tie-in to Kvitebjørn

May 6

Hybrid flexible pipe for ultra-deepwater to hit the market in 2028

May 6

Energy Security Concerns Force the EU to Reconsider Domestic Gas Drilling

May 6

DOF to build four green vessels for 12-year contracts with Petrobras

May 6

A Chemical Breakthrough That Could Fix the Plastic Crisis

May 6

Oil Futures Markets Still Too Complacent About Supply Shock