News

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

Offshore Energy·Feb 2·1 min read

Cyprus-flagged vessel stays in Western Hemisphere for another three months

A Cyprus-headquartered offshore services firm, SeaBird Exploration, has successfully secured a three-month contract extension for one of its Cyprus-flagged vessels operating in the Western Hemisphere.

McDermott wins contract for offshore decommissioning project in Qatar

McDermott has secured a pivotal contract from QatarEnergy to undertake the definition engineering for Qatar's inaugural offshore decommissioning project. This d

Offshore Technology·Feb 2·Qatar Energy

Equinor Brasil extends West Saturn drill-ship deal for one year

Equinor Brasil has secured a one-year extension for the ultra-deepwater drillship West Saturn from Seadrill, signaling continued investment in its Brazilian dee

Offshore Technology·Feb 2

TGS signs deal in Libya for multi-client data activities

TGS, a Norwegian energy data and intelligence firm, has signed a preliminary agreement to conduct multi-client data operations in Libya. This development signal

Offshore Energy·Feb 2

Chevron Q4 2025 net income drops 12.5% to $2.84bn

Chevron experienced a notable decline in its financial performance during the final quarter of 2025, with net income falling by 12.5% compared to the same perio

Offshore Technology·Feb 2·Chevron Corporation
Feb 2

OPEC+ Extends Output Pause Amid Glut Concerns

Feb 1

The Slow and Steady Revival of Libya's Oil and Gas Sector

Feb 1

The Coming LNG Supply Wave Is Good News for Europe

Jan 31

EU Faces Hard Choices after LNG “Wake-Up Call”

Jan 30

Greece Warns Shipowners Against Sailing Near Iran Coast

Jan 30

Analyst Reveals 'Market Consensus' for Next OPEC+ Meeting

Jan 30

3 GW Egypt-Greece interconnector receives €9.56M grant for further studies