News

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

Rigzone·May 4·1 min read

OPEC+ Decides to Boost Output

A coalition of eight key OPEC+ producers has agreed to initiate an increase in crude oil production starting in June, signaling a gradual unwind of voluntary supply curbs. This decision reflects the a

NextGeo’s contract with Saipem offshore Libya increased for €4-6 million

Italian marine geosciences firm Next Geosolutions has secured a multi-million-euro contract amendment from Saipem for expanded offshore survey and engineering s

Offshore Energy·May 4

Scout Energy sells Western Anadarko assets for $1bn

Private equity upstream player Scout Energy Partners has finalized a divestment exceeding $1 billion for selected onshore acreage in the US Western Anadarko Bas

Offshore Technology·May 4

Prosafe set on securing ‘follow-on’ vessel work

Offshore accommodation specialist Prosafe is prioritizing the securing of follow-on charters to sustain fleet utilization following its performance reporting fo

Offshore Energy·May 4

Global Methane Cuts Could Unlock Double the Gas Volumes Hit by Hormuz Crisis

A targeted global campaign to eliminate upstream and midstream methane leaks could commercialize vast volumes of natural gas, effectively mitigating severe geop

OilPrice·May 4
May 4

Fast-tracking approvals process key to unlocking Australia’s new oil & gas projects

May 4

Oil Prices Climb as Iran Threatens U.S. Forces

May 4

18 companies secure a share of €1.56 billion as Equinor extends key agreements

May 4

$125 Oil Could Tip Global Economy Into Recession

May 4

Petrobras starts oil output at Búzios 8 via P-79 FPSO

May 4

Woodside in the clear for plug & abandonment ops offshore Australia

May 4

Marine license variation ‘opens door to further innovation’ at Morlais tidal energy scheme

May 4

Russian Oil Cargo Set to Arrive in Japan Amid Supply Strains

May 4

Gulf LNG export woes push gas prices up but diversification becomes Europe’s energy lifeline

May 4

NextGeo ups its stake in Rana Subsea to 82.5%