News

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

All ENI ExxonMobil TotalEnergies Shell Chevron Aphrodite Glaucus
Offshore Energy·Jul 16·1 min read

$21 billion Asian LNG project enters construction phase with groundbreaking ceremony

The massive $21 billion Abadi LNG project in Indonesia's offshore Masela block has officially entered its construction phase following a groundbreaking ceremony led by operator Inpex. This milestone m

TotalEnergies Sees Strong Oil Trading

TotalEnergies SE has leveraged heightened geopolitical volatility in the Middle East to secure exceptional profits through its proprietary oil trading division.

Rigzone·Jul 16·TotalEnergies SE

Ukraine Hit 2 Large Russia-Linked Oil Tankers in Black Sea

The successful deployment of Ukrainian naval drones against two major Russian-linked oil tankers in the Black Sea marks a critical escalation in the militarizat

Rigzone·Jul 16

Argent LNG, Naftogaz pool resources to look into multi-path LNG supply and distribution

The preliminary agreement between Louisiana-based Argent LNG and Ukraine's state-owned Naftogaz represents a strategic effort by Kyiv to secure long-term Americ

Offshore Energy·Jul 16

GTT’s new LR-approved NO96 criteria expand LNG carrier design flexibility

French engineering firm GTT has secured approval from Lloyd's Register for updated elongation criteria regarding its proprietary NO96 membrane containment syste

Offshore Energy·Jul 16
Jul 16

Oil prices fall but remain near one-month highs amid Gulf tensions

Jul 16

USA Crude Oil Stocks Drop Almost 2MM Barrels WoW

Jul 16

Delfin issues LNTP to Siemens Energy for FLNG2 vessel

Jul 16

Delfin gives Siemens go-ahead for early works on second FLNG, as EIG’s MidOcean signs up to come aboard

Jul 16

JDR delivers electrical umbilical for Ireland’s only producing natural gas field

Jul 16

Underground drilling marks start of offshore section works for second Malta-Italy link

Jul 15

As Ukraine Cripples Russian Refining, Global Diesel Markets Pay the Price

Jul 15

Five Oil and Gas Stocks Ready for a Hormuz Spike and a Hawkish Fed

Jul 15

U.S. Strikes Iran Again as Brent Slips Despite Escalating Conflict

Jul 15

Oil Settles Higher