News

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

Offshore Technology·Aug 27·1 min read

Fire at Russia’s Amur petrochemical complex causes multiple casualties

A fatal industrial fire at Russia's flagship Amur Gas Chemical Complex has claimed seven lives, predominantly foreign engineering personnel, highlighting operational and safety challenges at one of th

CNOOC H1 2026 net profit rises 23.4% to $12.76bn

State-owned upstream major CNOOC posted a robust 23.4% year-on-year increase in first-half net profit, climbing to 85.8 billion yuan ($12.76 billion). The excep

Offshore Technology·Aug 27

Seatrium set for back-to-back FPSO sailaways as duo heads to Petrobras’ Brazilian field within weeks

Singaporean engineering major Seatrium is preparing to dispatch two massive floating production, storage, and offloading (FPSO) vessels to Brazil in rapid succe

Offshore Energy·Aug 27

Enbridge to acquire Salt Creek Midstream’s crude assets for $600m

Canadian pipeline operator Enbridge has agreed to purchase the crude oil gathering infrastructure of Salt Creek Midstream in a $600 million all-cash transaction

Offshore Technology·Aug 27

Electrifying offshore: what is slowing rig electrification?

Offshore rig electrification represents one of the most direct pathways to slashing upstream operational emissions, yet widespread adoption remains constrained

Offshore Technology·Aug 26
Aug 26

Japan to Unveil New Oil Diversification Strategy

Aug 26

Iran’s Tanker Blacklist Raises New Risks for Gulf Oil

Aug 26

Oil Prices Fall as Iran-Oman Talks Fuel Hopes of Strait Reopening

Aug 25

SPR Sinks Toward Operational Minimum as U.S. Crude Inventories Build

Aug 25

U.S. Refiners Face New Crude Squeeze as Canada Cuts Oil Sands Output

Aug 25

Oil Drops as Iran Diplomacy Gains

Aug 25

Woodside Retreats on Clean Energy, Doubles Down on LNG

Aug 25

Satellite Images Show Seven Tankers Loading Iraqi Crude at Once

Aug 25

Norway’s Troll Gas Expansion Buys Europe Time—But Not New Supply

Aug 25

BLM Sets October Oil and Gas Lease Sale for Montana and Dakotas