News

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

OilPrice·Feb 5·1 min read

How Policy Powered Guyana’s Oil Boom and Undermined Venezuela’s

The geopolitical landscape of South American oil is undergoing a significant transformation by early 2026, marked by a stark contrast between Guyana's burgeoning oil sector and Venezuela's declining o

Vitol, Total Snap Up North Sea Oil at Fastest Pace on Record

Major energy players Vitol Group and TotalEnergies SE are aggressively acquiring North Sea crude supplies at an unprecedented rate. This intense buying activity

Rigzone·Feb 5·TotalEnergies SE

Lower Oil Prices Drag ConocoPhillips Q4 Profit Below Estimates

ConocoPhillips reported significantly lower-than-expected adjusted earnings for the fourth quarter, reaching $1.3 billion, or $1.02 per share. This financial pe

OilPrice·Feb 5

Turkey, Chevron Sign Agreement on Global Exploration

Turkey and Chevron have formalized a new agreement focused on global exploration initiatives, marking a notable expansion of collaborative efforts between Turki

Rigzone·Feb 5·Chevron Corporation

USA Crude Oil Stocks Drop 3.5MM Barrels WoW

U.S. commercial crude oil inventories, excluding strategic reserves, experienced a notable weekly decline of 3.5 million barrels, signaling a tightening market.

Rigzone·Feb 5
Feb 5

MacGregor subsea crane for South Korean floating wind construction vessel

Feb 5

Shell reports net income of $4.1bn in Q4 2025

Feb 5

SBM Offshore subsidiary to design CO2 transport and injection solution for Southern North Sea

Feb 5

BOEM Announces 'Major Step' Toward Expanding Offshore Energy

Feb 5

North Sea gas wells ready for CO2 storage as part of Dutch Porthos project

Feb 5

Chevron marks 2,000th LNG cargo from Australian gas project

Feb 5

Türkiye's TPAO, Chevron sign MoU on possible energy cooperation

Feb 5

Stena Drilling ups GHG abatement ante as 2024-built drillship gets DNV’s notation

Feb 5

USA Expected to Produce Almost 1/4 of Global Oil Output

Feb 5

Chevron strikes deal for oil exploration off Syrian coast