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

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OilPrice·Mar 25·1 min read

US Oil Inventories Continue to Climb While Gasoline Inventories Shrink

US crude oil inventories rose significantly by 6.9 million barrels in the week ending March 20, pushing commercial stockpiles to 456.2 million barrels. This increase contrasts with potential declines

Venterra’s GeoForce joins Reach Subsea on second Shetland HVDC link

Reach Subsea has contracted Venterra's GeoForce Technical Services to support their work on the second Shetland HVDC link project. This collaboration highlights

Offshore Energy·Mar 25

New ‘industry’s first’ for Halliburton, ExxonMobil, Noble, Sekal, and Wells Alliance offshore Guyana

A consortium led by Halliburton, including ExxonMobil, Noble, Sekal, and Wells Alliance, has achieved a significant breakthrough in offshore Guyana by implement

Offshore Energy·Mar 25·ExxonMobil

Amplitude Energy deems Isabella gas discovery non-commercial

Amplitude Energy has concluded that the Isabella gas discovery in the VIC/L24 permit, located in the Offshore Otway Basin, Victoria, is not commercially viable.

Offshore Technology·Mar 25

Equinor begins drilling at Raia gas project in Brazil’s Campos Basin

Equinor has commenced drilling at the Raia gas project located in Brazil's Campos Basin pre-salt region. This project aims to bring new gas production online by

Offshore Technology·Mar 25
Mar 25

New IMCA president comes from DEME

Mar 25

JERA Secures Regasification Rights at Dunkirk Terminal

Mar 25

North Sea oil discovery adds low-cost barrels for OKEA with resource estimate boost

Mar 25

Leonardo da Vinci finishes cabling in UK waters for NeuConnect, goes to the Netherlands

Mar 25

Chinese shipyard books GTT for tank design of LNG vessel quartet

Mar 25

From pilot studies to profit: Is AI at a turning point?

Mar 25

Statnett chooses DOF for replacement of ageing subsea power cables

Mar 25

Oil Extends Decline on De-Escalation Hopes

Mar 25

Philippines Eyes Russian Oil as Marcos Declares Emergency

Mar 25

Oil price slides 4% on ceasefire hopes, easing Middle East supply fears