News

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

Rigzone·Feb 5·1 min read

Shell's Profit Falls

Shell Plc, a prominent global integrated energy company, announced a substantial decrease in its financial earnings for the fourth quarter. This profit slump indicates a potential recalibration in the

ExxonMobil pays $2.32 billion for Guyana-based FPSO, SBM Offshore remains in charge of ops

ExxonMobil Guyana has completed the acquisition of a Floating Production, Storage, and Offloading (FPSO) vessel from SBM Offshore for $2.32 billion, a strategic

Offshore Energy·Feb 5·ExxonMobil

Work begins on 203-kilometer Scottish HVDC transmission link

Onshore and offshore preparatory activities have commenced for a significant 203-kilometer High-Voltage Direct Current (HVDC) transmission link in Scotland. Thi

Offshore Energy·Feb 5

Russia Shrugs Off India’s Oil Deal With Trump

The United States recently finalized a trade agreement with India, which includes a commitment from New Delhi to increase its purchases of American oil and gas.

OilPrice·Feb 5

ExxonMobil Guyana acquires FPSO ONE GUYANA for $2.32bn

ExxonMobil Guyana has finalized the significant acquisition of the ONE GUYANA floating production, storage, and offloading (FPSO) vessel from SBM Offshore for $

Offshore Technology·Feb 5·ExxonMobil
Feb 5

Post-Assad Syria turns to offshore oil with Chevron-Qatar pact

Feb 4

U.S. Power Boom Triggers Global Gas Turbine Shortage

Feb 4

Russia Leans on China as U.S. Tries to Squeeze Indian Oil Trade

Feb 4

Mexico’s Pemex Vows To Continue Oil Exports To Cuba Amid Trump Threats

Feb 4

Oil Companies Snap Up West African Blocks in Search for Next Big Thing

Feb 4

Uniper Shrugs Off Europe’s Growing Reliance on American LNG

Feb 4

Russian Oil Revenues Plunge to 5 Year Low