News

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

Offshore Energy·Mar 5·1 min read

UK signals readiness for oil & gas tax shift with £50 billion energy investment in play

The UK's offshore energy trade body, Offshore Energies UK (OEUK), is actively engaging the government to negotiate a replacement for the existing Energy Profits Levy (EPL). This strategic move aims to

Falling fuel and energy prices keep Cyprus inflation in check

Cyprus experienced remarkably stable inflation in February, registering a minimal 0.1%, primarily due to a significant decrease in energy expenses. This decline

Cyprus Mail·Mar 5

Oceaneering’s new electric ROV capable of continuous 30-day subsea ops

U.S. firm Oceaneering has introduced an advanced electric-propulsion Remotely Operated Vehicle, designed for unprecedented 30-day continuous subsea operations.

Offshore Energy·Mar 5

Britain's National Grid Awards $4B Supply Contracts for EGL3

National Grid has awarded substantial contracts, totaling nearly £3 billion, to Hitachi Energy and NKT for the critical components of the Eastern Green Link 3 (

Rigzone·Mar 5

Tanker suffers explosion and oil leak off Kuwaiti coast

A tanker anchored near Kuwait's Mubarak Al Kabeer port suffered a significant explosion on its port side, leading to the vessel taking on water and subsequently

Offshore Technology·Mar 5
Mar 5

Are We Heading for an All-Out War in the Middle East?

Mar 5

Fuel prices rise amid Middle East tensions, Cyprus braces for further hikes

Mar 5

Operation Epic Fury drives Americas heavy crude to multi-year highs

Mar 5

Four-party consortium sets up Japan-New Zealand hydrogen corridor

Mar 5

MOPU and FSO units linked, marking new milestone for African oil field revival

Mar 5

Fuel prices set to rise sharply in Cyprus as Iran crisis drives oil surcharge

Mar 5

EU Sees No Energy Supply Concern from Mideast War for Now

Mar 5

Chevron hires Hanwha Ocean for Mediterranean gas field expansion

Mar 5

Lamprell tasked with replacing 285 kilometers of subsea pipeline in India

Mar 5

Offshore Technology’s parent company GlobalData moves to Main Market of LSE