News

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

Offshore Energy·Jul 7·1 min read

Another contract extension with Ocean Installer for Solstad’s advanced CSV

Solstad Maritime has secured a strategic contract extension with Ocean Installer for its advanced construction support vessel (CSV) 'Normand Ocean'. This extension secures high-specification tonnage f

Ontario, Alberta unveil proposed Hardisty-to-Sarnia oil pipeline route

The provincial governments of Alberta and Ontario have taken a significant step forward in Canadian midstream infrastructure by proposing the route for the Nort

Offshore Technology·Jul 7

Shell Signals Oil and Gas Trading Windfall in Q2 Amid Iran War

Shell's preliminary second-quarter update highlights how major international oil companies leverage their massive trading arms to capture outsized profits durin

OilPrice·Jul 7·Shell plc

Gasoline Sees 3rd Most Expensive Independence Day Ever

Despite a recent marginal decline in pump prices across the United States, American motorists faced the third most expensive Independence Day holiday on record,

Rigzone·Jul 7

4 Million Barrels of Saudi Crude Set to Transit Strait of Hormuz

The transit of four million barrels of Saudi Arabian crude through the Strait of Hormuz aboard Japanese-owned VLCCs signals a cautious normalization of maritime

OilPrice·Jul 7
Jul 7

Equinor to acquire bp’s stake in Bay du Nord offshore Canada

Jul 7

Gulf Oil Exporters Slash Prices as Buyers Gain the Upper Hand

Jul 7

Qatari LNG Carrier Struck in Hormuz

Jul 7

India’s Fuel Consumption Slips Despite Record Crude Oil Imports

Jul 6

Big Oil Heads for Record Profits as Trump Turns Up the Heat on Gas Prices

Jul 6

Shell And ExxonMobil Are Betting Billions On Nigeria's Deepwater Comeback

Jul 6

Saudi Arabia Ships 34 Million Barrels Through Hormuz Despite Thin Tanker Traffic

Jul 6

Saudi Price Cut Sends Oil Lower

Jul 6

Russia Oil Price Falls to Pre-Iran War Level

Jul 6

North America Drove Nearly Half Of Global Emissions Growth In 2025