News

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

In-Cyprus·Jun 30·1 min read

ExxonMobil eyes 2033 production start at Cyprus gas fields

The declaration of commerciality for the Glaucus and Pegasus fields marks Cyprus's transition from a hopeful exploration frontier to an active development play. By locking in ExxonMobil and QatarEnerg

NextDecade Seeks to Raise $3.5B in Debt Instrument Sale for Rio Grande LNG

NextDecade's massive $3.5 billion debt offering represents a critical refinancing and capitalization step for Phase 1 of its flagship Rio Grande LNG export term

Rigzone·Jun 30

Equinor to transfer Peon interest to Vår Energi in NCS deal

Equinor and Vår Energi have executed a strategic asset swap on the Norwegian Continental Shelf (NCS), designed to unlock the long-stagnant Peon shallow gas disc

Offshore Technology·Jun 30

India Plans to Cut Reliance on Middle East Oil

India's state-run refiners are actively restructuring their crude procurement strategies to minimize exposure to Middle Eastern supply disruptions amid escalati

Rigzone·Jun 30

Gas discovery edges closer to development with Equinor-Vår Energi asset swap

The asset swap between Equinor and Vår Energi represents a strategic rationalization of portfolios on the Norwegian Continental Shelf, aimed at accelerating the

Offshore Energy·Jun 30
Jun 30

QatarEnergy, ExxonMobil Declare Cyprus Gas Discoveries Commercial

Jun 30

Who Is the World's Biggest Oil Producer?

Jun 30

NLNG awards Baker Hughes 13-year gas turbine services contract

Jun 30

Cypriot gas fields declared ‘marketable’ by energy giants

Jun 30

Eni, NOC start production from Libya’s Sabratha Compression Project

Jun 30

Low $70s Not a Fair Price for Oil, Analyst Outlines

Jun 30

Pakistan Pays Premium for Urgent LNG Cargo

Jun 30

SBM Offshore puts $465 million financing in place for Gulf of Mexico-destined FSO

Jun 30

Eni and BP order Vallourec’s pipe for Angolan waters

Jun 30

TechnipFMC Bags Large Contract to Deliver New Var Energi Projects