Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.
Eight key OPEC+ nations recently convened virtually to assess the global oil market and reaffirmed their commitment to current production levels. This decision signals the group's cautious stance on m
A recent Rigzone article highlights a consensus among industry analysts who describe the current energy market as an 'energy bloodbath.' While specific details
A Cyprus-headquartered offshore services firm, SeaBird Exploration, has successfully secured a three-month contract extension for one of its Cyprus-flagged vess
McDermott has secured a pivotal contract from QatarEnergy to undertake the definition engineering for Qatar's inaugural offshore decommissioning project. This d
Equinor Brasil has secured a one-year extension for the ultra-deepwater drillship West Saturn from Seadrill, signaling continued investment in its Brazilian dee