News

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

Offshore Technology·Mar 27·1 min read

Oil prices dip as Trump extends Iran attack pause

Oil prices decreased on Friday due to President Trump's decision to extend a pause on attacks targeting Iranian energy infrastructure. This extension reduces immediate supply-side risk, easing upward

CNOOC reports 11.5% drop in 2025 net profit

CNOOC, a major Chinese national oil company, reported an 11.5% decrease in net profit for 2025, falling to 122.1 billion yuan ($17.67 billion) from 137.9 billio

Offshore Technology·Mar 27

Go-ahead for North Sea drilling ops with Saipem’s rig

Norwegian authorities have approved Aker BP's drilling plans in the North Sea, utilizing a Saipem-owned rig. This approval signifies continued investment and ac

Offshore Energy·Mar 27

TotalEnergies to Uphold LNG Supply Contracts Amid Qatar Outages

TotalEnergies has affirmed its commitment to existing liquefied natural gas (LNG) supply agreements, with CEO Patrick Pouyanne stating the company will not invo

Offshore Engineer·Mar 27·TotalEnergies SE

Cyclone Causes Outages at Australia’s Top LNG Projects

A recent cyclone in Australia has caused significant operational disruptions across three major liquefied natural gas (LNG) facilities, including key projects o

Mar 27

Iberdrola Sells SP Dataserve to Bluewater

Mar 27

Cyclone Disrupts Australia’s Biggest LNG Plants, Strains Global Market

Mar 27

Petrobras announces new pre-salt oil discovery in Marlim Sul

Mar 27

Serica Completes Greater Laggan Acquisition from TotalEnergies

Mar 27

India Taxes Fuel Exports

Mar 27

Japan Considers Switch From LNG to Coal

Mar 27

Oil Markets Price In Peace, but the Upside Risk Remains

Mar 27

LNG Canada awards pipeline gig to Tecnicas Reunidas

Mar 27

Gas cylinder price hits €25 with 33% spike in one month

Mar 27

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