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·Mar 24·1 min read

US gov’t, TotalEnergies strike $1 billion deal; Company to invest reimbursed offshore wind fees in its oil & gas projects

TotalEnergies has finalized a substantial $1 billion settlement with the U.S. Department of the Interior, a deal that includes the reimbursement of fees initially earmarked for offshore wind projects.

TotalEnergies SE

Saudi Arabia, Kuwait Push Energy Deals despite War

Despite escalating regional conflict involving Iran targeting energy infrastructure, Saudi Arabia and Kuwait are proceeding with planned multibillion-dollar ene

Rigzone·Mar 24

SBM Offshore’s FPSO deal with ExxonMobil opens FEED gate for Guyana’s oil project

SBM Offshore has been awarded the FEED contract for an FPSO destined for an ExxonMobil-operated oil project, presumably offshore Guyana. This award signals cont

Offshore Energy·Mar 24·ExxonMobil

Tanker Carrying Iraqi Oil Crosses Hormuz

A Panama-flagged VLCC, the Omega Trader, has transited the Strait of Hormuz carrying 2 million barrels of Iraqi crude oil. This is the first Iraqi crude export

OilPrice·Mar 24

Japan Moves to Release Oil Stockpiles as Energy Crisis Deepens

Japan is set to release crude oil from both national and joint stockpiles with oil producers, following earlier releases from private stockpiles in March. This

OilPrice·Mar 24
Mar 24

Oil Prices Spike as Iran Denies U.S. Talks and Traders Refocus on Supply Risk

Mar 23

Middle East Chaos Hands Canada a $65 Billion Gift

Mar 23

TotalEnergies Abandons US Offshore Wind for Fossil Fuel Projects

Mar 23

Ecuador’s Broken Oil Industry Faces Violent Headwinds

Mar 23

Oil Futures Crash on Trump Negotiations Hint

Mar 23

TotalEnergies Redirects $928M From U.S. Offshore Wind to LNG, Natural Gas Production

Mar 23

U.S. Energy Dominance Agenda Can't Shield Driver From Higher Gasoline Prices

Mar 23

US, TotalEnergies to Redirect $1b from Offshore Wind Leases to Oil Gas

Mar 23

China’s Sinopec not Buying Iranian Crude despite U.S. Waiver

Mar 23

Europe’s Gasoline Exports Shift to Asia as War Roils Fuel Markets