News

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

OilPrice·Sep 1·1 min read

Bessent Says Strait of Hormuz Obsolete Within Two Years

U.S. Treasury Secretary Scott Bessent has projected that Gulf energy exporters will be capable of circumventing the Strait of Hormuz within two years via accelerated pipeline infrastructure. This aggr

Wison fires starting gun on FPSO fabrication for Eni’s African oil & gas project

Fabrication has officially commenced in China on a brand-new floating production, storage, and offloading unit destined for Italian major Eni's deepwater operat

Offshore Energy·Sep 1·ENI S.p.A.

Aker Solutions Installs New CEO

Norwegian offshore engineering and service giant Aker Solutions has selected Paal Eikeseth as its new President and Chief Executive Officer, taking the helm imm

Rigzone·Sep 1

Transocean rig’s drill bit turns as Amplitude opens new chapter in East Coast gas hunt

Amplitude Energy has initiated offshore exploration drilling off the coast of Victoria, utilizing a Transocean mobile offshore drilling unit to target new natur

Offshore Energy·Sep 1

Top Indian Oil Producer to Build $736MM Strategic Reserves

India's state-backed upstream flagship, Oil and Natural Gas Corp. (ONGC), is undertaking a $736 million capital initiative to establish dedicated strategic crud

Rigzone·Sep 1
Sep 1

Eagle LNG draws $30M Datacentrex bet as US space launch boom accelerates

Sep 1

Two XOCEAN USVs to survey UK’s 2.2 GW link

Sep 1

Valeura fast-tracks Southeast Asian project: First oil now on the cards for early Q2 2027

Sep 1

What Is the Oil, Gas Impact of Storm Edouard?

Sep 1

LNG Uplifts Petronas H1 Profit

Sep 1

ONGC outlines $10.5bn plan for deepwater exploration in India

Sep 1

Price, Not Politics, Is Driving Most of India’s Oil Buying

Sep 1

Russia Expands LNG Dark Fleet

Sep 1

US secures access for majority control of 65bbbl of Venezuelan oil

Sep 1

BP beats the clock: Mediterranean gas well comes online two years early