News

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

OilPrice·Jun 26·1 min read

Kazakhstan Cuts Gas Output after Drone Strike on Russian Processing Plant

A Ukrainian drone strike on a Russian gas processing facility has forced Kazakhstan to slash production at its massive Karachaganak field by 25%. This incident highlights the vulnerability of landlock

Orient Cable installs ‘China’s first’ 66 kV dynamic line for floating wind

Ningbo Orient Cable (NBO) has successfully deployed China's inaugural 66 kV dynamic subsea cable system for a floating offshore wind application, marking a majo

Offshore Energy·Jun 26

Archer in talks to cinch large plug & abandonment deal

Oslo-listed oilfield services provider Archer is currently in advanced negotiations to secure a major, multi-year offshore plug and abandonment (P&A) contract.

Offshore Energy·Jun 26

Crude Prices Sink as Traders Bet on More Iranian Oil

The sharp decline in August WTI crude oil futures reflects a rapid recalibration of geopolitical risk premiums by commodity traders. Market participants are inc

OilPrice·Jun 26

SBM Offshore hires Nortrans flotel for long-term gig in Angolan waters

SBM Offshore's charter of a Nortrans Offshore accommodation vessel (flotel) for Angola's Block 15 signals a sustained commitment to brownfield life-extension an

Offshore Energy·Jun 26
Jun 26

Var Energi Greenlights Gjoa Projects

Jun 26

Local company to carry out soil investigations for Malaysian CCS developments

Jun 26

DORIS supporting Perenco’s revitalization & electrification mission at Brazil’s offshore platform duo

Jun 26

Why Is Oil Trading Down Today?

Jun 26

Equinor submits Wisting oilfield EIA for public review

Jun 26

Cyprus fuel sales decline amidst government efforts to curb costs

Jun 26

First US subsea rock installation vessel nears inaugural offshore wind assignment

Jun 26

Baker Hughes wins contract from Azule Energy for Greater PAJ project

Jun 26

Naftogaz, Orlen Ink New LNG, Decarbonization Agreements

Jun 26

Qatar's LNG Recovery Picks Up Speed as Tankers Mass at Ras Laffan