News

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

OilPrice·Jun 26·1 min read

Baghdad Hosting EU Energy Talks After Iraq Floats OPEC Exit

Iraq's sudden threat to exit OPEC over restrictive production quotas has triggered an immediate diplomatic response, with European Union officials rushing to Baghdad for high-level energy cooperation

EIA Sees USA Energy Demand Dropping in 2026, Rising in 2027

The U.S. Energy Information Administration's latest Short-Term Energy Outlook projects a temporary contraction in domestic energy demand for 2026, followed by a

Rigzone·Jun 26

TotalEnergies and Petronas embark on ‘major’ oil & gas search in Oceania

TotalEnergies and Petronas have launched a high-stakes, frontier drilling campaign in the Gulf of Papua, marking a significant technological leap for Papua New

Offshore Energy·Jun 26·TotalEnergies SE

Multimillion-dollar job on offshore platform and FPSO keeps Aker Solutions busy in Canada

Aker Solutions has secured a major, multi-year engineering and maintenance services contract for offshore assets in the Jeanne d'Arc Basin, offshore Newfoundlan

Offshore Energy·Jun 26

Saudi Arabia Set to Slash Oil Prices as Hormuz Reopens

Saudi Aramco's anticipated price cuts for August-loading crude destined for Asia signal a major tactical shift as Middle Eastern supply dynamics normalize. The

OilPrice·Jun 26
Jun 26

Aker Solutions secures five-year engineering deal for White Rose field

Jun 26

USA Oil, Gas Workforce Rises from April to May

Jun 26

Kazakhstan Cuts Gas Output after Drone Strike on Russian Processing Plant

Jun 26

Orient Cable installs ‘China’s first’ 66 kV dynamic line for floating wind

Jun 26

Archer in talks to cinch large plug & abandonment deal

Jun 26

Crude Prices Sink as Traders Bet on More Iranian Oil

Jun 26

SBM Offshore hires Nortrans flotel for long-term gig in Angolan waters

Jun 26

Var Energi Greenlights Gjoa Projects

Jun 26

Local company to carry out soil investigations for Malaysian CCS developments

Jun 26

DORIS supporting Perenco’s revitalization & electrification mission at Brazil’s offshore platform duo