News

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

Offshore Energy·Aug 24·1 min read

McDermott clinches over $1 billion EPCI job for ADNOC’s $6.2B giant gas project

Abu Dhabi National Oil Company (ADNOC) has awarded a major EPCI contract valued at over $1 billion to US-based contractor McDermott for its flagship $6.2 billion offshore gas project. The scope includ

Iran Announces Gas Discovery

Iranian energy officials have confirmed a significant onshore/offshore natural gas find estimated to hold upwards of 7.5 trillion cubic feet (Tcf) of in-place r

Rigzone·Aug 24

Equinor, Aker BP and Vår Energi launch multi-year hunt for Norway’s next big oil & gas discoveries

Norway's leading upstream operators—Equinor, Aker BP, and Vår Energi—have formed an unprecedented exploration alliance targeting up to 25 high-impact prospects

Offshore Energy·Aug 24

Equinor Bags Contract to Supply Gas to Germany for 15 Years

Norwegian energy major Equinor has finalized a long-term supply deal with German utility Uniper, committing to deliver more than 30 terawatt-hours of natural ga

Rigzone·Aug 24

Iran reports discovery of 7.5tcf of natural gas reserves in Fars province

Iranian energy authorities have announced the discovery of a substantial onshore natural gas field containing over 7.5 trillion cubic feet in Fars province. Whi

Offshore Technology·Aug 24
Aug 24

Iran Unveils Huge New Gas Discovery Amid U.S. Economic Pressure

Aug 24

Iran Running Out of Oil Cargoes

Aug 24

Petrobras begins talks for four offshore exploration blocks in Ghana

Aug 24

New gas/condensate discovery adds to North Sea’s hydrocarbon riches

Aug 24

Exxon Eyes Shell’s $8 Billion U.S. Chemicals Business

Aug 24

Oil Prices Slide 2% as Markets Brace for Bessent’s ‘Economic D-Day’

Aug 23

Pemex and Petrobras Bet Big on High-Risk High-Reward Drilling Off Mexico

Aug 23

ExxonMobil Warns of Looming Decline at Kazakhstan's Top Oilfield

Aug 22

Every Chokepoint That Isn't Hormuz

Aug 22

US Refiners Face Import Crunch from Top Crude Seller