News

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

Rigzone·Feb 10·1 min read

India Seizes Three Tankers

The Indian Coast Guard recently intercepted and detained three tankers suspected of engaging in illicit oil smuggling activities. This incident underscores the ongoing global challenge of maritime ill

Cyprus energy plans grind to a halt as every major infrastructure project stalls

Cyprus's ambitious energy infrastructure agenda, designed to alleviate high electricity costs and enhance energy security, has encountered significant setbacks,

In-Cyprus·Feb 10

BofA Report Compares Big Oil Cos

A recent BofA Global Research report, distributed via Rigzone last month, provided an analytical comparison of leading international oil companies. This analysi

Rigzone·Feb 10

Transocean to Buy Valaris in Near $6B Deal

Transocean is set to acquire Valaris in a significant transaction valued at nearly $6 billion, aiming to consolidate market share within the offshore drilling s

Rigzone·Feb 10

DECARBON 2026: low-carbon hydrogen a central tool for O&G decarbonisation

The DECARBON 2026 event served as a platform for oil and gas industry leaders to deliberate on the critical role of low-carbon hydrogen in their decarbonization

Offshore Technology·Feb 10
Feb 10

BP Halts Share Buybacks

Feb 10

Chevron selects Subsea7 for Mediterranean offshore work planned in 2028

Feb 10

Subsea7 secures Chevron contract for Eastern Mediterranean project

Feb 10

Shell Reserve Decline Raises Need for Deals or Discoveries

Feb 10

AI Loses Its Shine as Money Rotates Back Into Big Oil

Feb 9

Oil Settles Higher as Hormuz Risks Resurface

Feb 9

Shell’s Oil Reserves Have Dropped To Lowest Levels Since 2013

Feb 9

U.S. LNG Remains Profitable Despite Oversupply Concerns

Feb 9

Transocean To Buy Offshore Rig Contractor Valaris For $5.8 Billion