News

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

Offshore Energy·Jul 1·1 min read

Shell offloads stakes in certain US Gulf deepwater oil assets for $1.7 billion

Shell Offshore's $1.7 billion divestment of non-operated deepwater assets in the U.S. Gulf of Mexico represents a calculated portfolio optimization strategy. By shedding minority stakes, the supermajo

Transocean’s rig trio scoops up $1 billion for drilling work in Norwegian waters

Transocean's massive $1 billion contract win with Equinor for three harsh-environment semi-submersibles underscores the tightening of the high-specification rig

Offshore Energy·Jul 1

Shell to divest Na Kika and Coulomb assets for $1.7bn

Shell's decision to monetize its 50% non-operated stake in the deepwater Na Kika and Coulomb assets in the US Gulf of Mexico for $1.7 billion represents a tacti

Offshore Technology·Jul 1·Shell plc

US Makes Progress in Indirect Talks on Iran Deal

The advancement of indirect diplomatic channels between the United States and Iran, facilitated by Qatari mediation, signals a potential shift in Washington's m

Rigzone·Jul 1

Australia in need of new gas investments to ensure energy security

The Australian Energy Market Operator's (AEMO) 2026 Integrated System Plan has underscored the critical role of natural gas in maintaining grid stability during

Offshore Energy·Jul 1
Jul 1

Shell Offloads 50% Stake in Na Kika Platform for $1.7 Billion

Jul 1

Recently upgraded Oceaneering vessel starts cross-regional offshore survey campaign

Jul 1

More work in Australian waters to keep DOF’s vessel busy for another year

Jul 1

Eidesvik’s 2012-built vessel lines up multi-year gig with Aker BP

Jul 1

Oil Prices Reflect Optimism That Hormuz Has Yet to Justify

Jun 30

India’s Russian Oil Boom Outlives the Hormuz Shock

Jun 30

Australia’s Oil and Gas Exploration Set for Renaissance

Jun 30

Why a Supply Crunch From Iran Could Send Oil Back Below $40 a Barrel

Jun 30

US Crude Oil Inventories Keep Falling As Hormuz Flows Slow To Start

Jun 30

Crude Slides on Rising Supply