News

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

All ENI ExxonMobil TotalEnergies Shell Chevron Aphrodite Glaucus
Rigzone·Feb 5·1 min read

USA Expected to Produce Almost 1/4 of Global Oil Output

The U.S. Energy Information Administration (EIA) projects the United States to significantly bolster its position as a global energy powerhouse, forecasting an average daily production of nearly 24 mi

Chevron strikes deal for oil exploration off Syrian coast

Chevron has entered a preliminary agreement with the Syrian Petroleum Company and Qatar's UCC Holding to evaluate potential oil and gas exploration opportunitie

Offshore Technology·Feb 5·Chevron Corporation

Shell's Profit Falls

Shell Plc, a prominent global integrated energy company, announced a substantial decrease in its financial earnings for the fourth quarter. This profit slump in

Rigzone·Feb 5·Shell plc

ExxonMobil pays $2.32 billion for Guyana-based FPSO, SBM Offshore remains in charge of ops

ExxonMobil Guyana has completed the acquisition of a Floating Production, Storage, and Offloading (FPSO) vessel from SBM Offshore for $2.32 billion, a strategic

Offshore Energy·Feb 5·ExxonMobil

Work begins on 203-kilometer Scottish HVDC transmission link

Onshore and offshore preparatory activities have commenced for a significant 203-kilometer High-Voltage Direct Current (HVDC) transmission link in Scotland. Thi

Offshore Energy·Feb 5
Feb 5

Russia Shrugs Off India’s Oil Deal With Trump

Feb 5

ExxonMobil Guyana acquires FPSO ONE GUYANA for $2.32bn

Feb 5

Post-Assad Syria turns to offshore oil with Chevron-Qatar pact

Feb 4

U.S. Power Boom Triggers Global Gas Turbine Shortage

Feb 4

Russia Leans on China as U.S. Tries to Squeeze Indian Oil Trade

Feb 4

Mexico’s Pemex Vows To Continue Oil Exports To Cuba Amid Trump Threats

Feb 4

Oil Companies Snap Up West African Blocks in Search for Next Big Thing