Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.
Hunting PLC, a London-based energy services provider, has secured $63.5 million in subsea orders for a new offshore development project in Guyana. This signifies continued investment and expansion in
Iraq is poised to rapidly restore oil production and exports once the Strait of Hormuz reopens, according to a Basra Oil Company official. This indicates Iraq's
The article discusses how a hypothetical oil supply shock, specifically the closure of the Strait of Hormuz, would have cascading effects on various industries
Iraq heavily relies on oil exports through the Strait of Hormuz for its budget, making it highly vulnerable to any disruptions in that waterway. The article sug
Somalia is preparing for its first offshore oil drilling operation, with the arrival of the Turkish drillship Çagir Bey. This marks a significant step for Somal
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