Industry News
Latest updates on Cyprus and Eastern Mediterranean oil & gas sector.
Wison and Jereh pursuing opportunities in floating units and oil & gas plays
China-based Wison Group has joined forces with Yantai Jereh Oilfield Services Group (Jereh) to combine strengths in energy engineering and high-end equipment to support offshore floating facilities and onshore oil and gas engineering, procurement and construction (EPC) opportunities. The post Wison
TotalEnergies Restarts Mozambique LNG Construction Activities
TotalEnergies said the under-construction Mozambique LNG is back in full gear after a security-related force majeure declaration that had been in place for about five years.
Lukoil signs agreement to sell subsidiary to Carlyle
Lukoil has agreed to divest its subsidiary Lukoil International to US private equity firm Carlyle.
Petrobras scoops up multibillion-dollar oil deals in India
Brazilian state-owned energy giant Petrobras has sealed oil sales agreements with Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL). The post Petrobras scoops up multibillion-dollar oil deals in India appeared first on Offsh
TotalEnergies and Mozambique resume activities at $20bn Mozambique LNG project
TotalEnergies and Mozambique have announced the resumption of onshore and offshore activities at Mozambique LNG following a meeting between TotalEnergies chairman and CEO Patrick Pouyanné, and Mozambique President Daniel Chapo in Afungi.
3 GW Egypt-Greece interconnector receives €9.56M grant for further studies
The European Commission has approved a €9.56 million grant for the preparation of further […] The post 3 GW Egypt-Greece interconnector receives €9.56M grant for further studies appeared first on Offshore Energy.
All systems go for Aker BP to deploy Floatel’s vessel offshore Norway
Norwegian oil and gas operator Aker BP has received the green light to use one of Floatel’s semi-submersible support vessels at a field off the coast of Norway. The post All systems go for Aker BP to deploy Floatel’s vessel offshore Norway appeared first on Offshore Energy.
Subsea7 wins contract from Shell for Kaikias Waterflood project
Subsea7 has secured a sizeable contract from Shell for the Kaikias Waterflood project in the US for transporting and installing a subsea umbilical, riser, and rigid flowline at water depths reaching 1,650m.
Shell hires Subsea7 for deepwater development offshore Louisiana
Subsea7 has been awarded a contract by Shell for a deepwater development located some […] The post Shell hires Subsea7 for deepwater development offshore Louisiana appeared first on Offshore Energy.
Brent Settles Above 70 as Iran Tensions Rise
Brent topped 70 and WTI climbed above 65 amid fears of supply disruption in the Strait of Hormuz.
VEN Leader Pressed From All Sides Over Oil Plans
Venezuela's interim leader is playing to three different audiences with her plans for Venezuela's oil sector.
USA Crude Oil Stocks Drop Week on Week
Crude oil stocks, not including the SPR, stood at 423.8 million barrels on January 23, according to the EIA's latest weekly petroleum status report.