News

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

Offshore Technology·Feb 11·1 min read

TotalEnergies Q4 2025 net income declines by 26%

TotalEnergies experienced a notable decline in its net income for the fourth quarter of 2025, reporting a 26% reduction compared to the previous year. This financial performance indicates a challengin

OPEC Says Oil Production Declined Last Month

OPEC+ reported a significant reduction in its collective oil output last month, driven by involuntary production shortfalls in key member states like Kazakhstan

Rigzone·Feb 11

Eni Eyes Bigger LNG Trading Role as Congo Phase 2 Exports Begin

Eni has successfully initiated exports from the second phase of its Congo LNG project, dispatching the initial cargo. This development marks a crucial advanceme

Natural Gas Intelligence·Feb 11·ENI S.p.A.

New player enters US Gulf oil & gas playground with $3.2B LLOG buy

London-listed Harbour Energy has strategically expanded its global footprint by acquiring U.S.-headquartered LLOG Exploration Company for $3.2 billion. This sig

Offshore Energy·Feb 11

Port of Immingham becomes home to UK’s first commercial biomethanol bunkering service

The Port of Immingham in the UK has inaugurated the nation's first commercially operational biomethanol storage and supply service for the maritime sector. This

Offshore Energy·Feb 11
Feb 11

EIA Fuel Update Shows Increasing Price Trend for USA Gasoline

Feb 11

Strategists See USA Crude Stocks Rising Over 6MM Barrels WoW

Feb 11

Europe’s gas goes green: North Sea offshore wind-powered project earns top methane rating

Feb 11

Reservoirs remain critical at 13.8 per cent full

Feb 11

USA Allows Oilfield Contractors to Go to Work in VEN Fields

Feb 11

Prysmian acquires Spanish firm for €169 million

Feb 11

TotalEnergies Seizes Full Control of Lukoil Refinery in Netherlands

Feb 11

Village action offers grassroots response to climate change

Feb 11

China’s Clean Energy Boom Still Rests on Coal, Oil, and Gas