News

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

Rigzone·Jun 17·1 min read

TotalEnergies Doubled Oil Trading Profit in Q1

TotalEnergies capitalized on heightened geopolitical volatility in the Middle East by doubling its oil trading profits to approximately $1 billion during the first quarter of 2024. The French supermaj

US Gulf oil production flow another well richer with more to come before year-end

Beacon Offshore Energy's successful expansion in the deepwater Gulf of Mexico highlights the ongoing resilience and profitability of high-margin, short-cycle su

Offshore Energy·Jun 17

Iberdrola Raises $1.7B from Debt Instrument Sale

Spanish utility giant Iberdrola has successfully tapped the debt capital markets to secure $1.7 billion, demonstrating robust investor appetite for large-scale

Rigzone·Jun 17

Encomara’s subsea installation technology for floating wind gets ABS design approval

The American Bureau of Shipping (ABS) has granted Product Design Assessment (PDA) certification to Encomara's 'Squid' subsea connector, a proprietary technology

Offshore Energy·Jun 17

First Iranian Oil Moves Past U.S. Blockade Ahead of Deal Signing

Iran has initiated its first crude oil exports in sixty days, successfully navigating past the U.S. naval blockade outside the strategic Strait of Hormuz. This

OilPrice·Jun 17
Jun 17

Oil gushes out of fourth well at subsea tie-back in Brazilian waters

Jun 17

Kosmos Energy trims oil & gas portfolio with sale of assets off Equatorial Guinea

Jun 17

Global Gas Markets Get Another Boost as Australian LNG Strike Ends

Jun 17

DFC, I Squared to Form $3B Platform to Expand US Energy Reach in Asia

Jun 17

Oil steadies near three-month low amid US-Iran pact

Jun 17

PDVSA and Repsol sign deal to boost oil and gas output in Venezuela

Jun 17

Qatar Prepares LNG Comeback Ahead of Hormuz Reopening

Jun 17

ECOnnect tasked with jettyless transfer solution for Colombia’s new LNG terminal

Jun 17

EnerMech delivers offshore pipeline scope for ExxonMobil Australia

Jun 17

China’s Gasoline Car Market Is Crashing as Fuel Prices Surge