News

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

Rigzone·Jul 7·1 min read

North America Finally Snaps Rig Count Addition Streak

The North American drilling sector has paused its recent expansion momentum, with the latest Baker Hughes rotary rig count holding completely flat week-on-week. This stagnation signals a tactical paus

Well-Safe bags new North Sea decom job: Archer, NMC Energy supporting P&A ops for 260+ wells

Well-Safe Solutions has secured a major decommissioning contract on the UK Continental Shelf, partnering with Archer and NMC Energy to execute a massive plug an

Offshore Energy·Jul 7

Shell Expects Gas Trading Results to Exceed Q1

Shell's anticipation of significantly stronger second-quarter gas trading results highlights the company's ability to capture value from short-term LNG market v

Rigzone·Jul 7·Shell plc

Invictus Energy awards contracts for Musuma-1 site preparation

Invictus Energy's award of civil works contracts for the Musuma-1 well site marks a critical operational step forward in unlocking the frontier Cabora Bassa bas

Offshore Technology·Jul 7

German Stockpiling Agency Says It's Refilling Strategic Reserve

Germany's federal oil stockpiling agency, Erdölbevorratungsverband (EBV), has initiated a procurement process to replenish its strategic diesel reserves, which

Rigzone·Jul 7
Jul 7

Encore for Ventura Offshore rig as Eni and Petronas extend Southeast Asian drilling gig

Jul 7

August bid date openning path to 80 million acres in third Gulf of America oil & gas lease sale

Jul 7

LNG Made Up 45 Percent of EU Gas Imports in 2025

Jul 7

Oil Market is Attempting a System Reboot

Jul 7

DOF vessel finds more work in Australia

Jul 7

TotalEnergies, BluEnergies enhancing Liberia’s oil & gas offshore exploration prospects

Jul 7

India Resumes Iraqi Oil Imports Despite Hormuz Shipping Risks

Jul 7

UAE’s giant LNG project lines up new deal as Inpex and ADNOC strengthen ties

Jul 7

ADNOC and Inpex sign 15-year LNG sales deal for Ruwais project