News

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

Offshore Energy·Feb 3·1 min read

Swedish tidal energy developer makes move into Iceland

Swedish tidal energy specialist Minesto has formalized a collaboration with Icelandic partner Haf-Afl through a Memorandum of Understanding. This agreement signals Minesto's strategic expansion into t

Oil Closes Sharply Lower as Iran Risk Fades

Global crude oil benchmarks experienced a significant downturn as market participants recalibrated their risk assessments following a perceived de-escalation of

Rigzone·Feb 2

Qatar’s Al-Kaabi Warns AI Power Demand Could Spark LNG Shortage by 2030

Qatar's Energy Minister, Saad al-Kaabi, has issued a significant warning that the escalating power demands from artificial intelligence could rapidly deplete th

OilPrice·Feb 2

Trump Says He Welcomes China, India Investment in VEN Oil

Former US President Donald Trump recently expressed a willingness to see China and India invest in Venezuela's beleaguered oil sector. This statement is signifi

Rigzone·Feb 2

Texas Upstream Oil, Gas Employment Was Steady in 2025

Texas's upstream oil and gas sector demonstrated consistent employment levels through November 2025, maintaining a workforce of 201,200 individuals. This stabil

Rigzone·Feb 2
Feb 2

OPEC+ 8 Reaffirm Decision to Pause Output Hikes

Feb 2

Analysts Explain Energy 'Bloodbath'

Feb 2

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

Feb 2

McDermott wins contract for offshore decommissioning project in Qatar

Feb 2

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

Feb 2

TGS signs deal in Libya for multi-client data activities

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