Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.
Valaris, a prominent offshore drilling contractor, reported a 10 percent sequential decline in its fourth-quarter 2025 revenue, reaching $537.4 million. This downturn was primarily attributed to perio
Cyprus has been identified by Eurostat as having the highest per capita greenhouse gas footprint within the European Union for 2023, a metric primarily driven b
Turan Drilling & Engineering, a joint venture between Azerbaijan's SOCAR AQS and US-based Helmerich & Payne, has secured a crucial long-term contract renewal fr
Tullow Ghana Limited (TGL), a subsidiary of UK-based Tullow Oil, is moving to acquire a Floating Production, Storage, and Offloading (FPSO) vessel currently ope
Canadian upstream operator Gran Tierra Energy has formalized an agreement with Azerbaijan's state oil company, SOCAR, to engage in exploration and development a
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