News

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

Offshore Energy·Jul 8·1 min read

$1.13 billion injection from UAE player fuels growth of EIG’s LNG arm

MidOcean Energy, the LNG-focused subsidiary of US private equity firm EIG Global Energy Partners, has secured a massive $1.13 billion capital injection from a prominent UAE-based institutional investo

Oil and LNG Tankers Make U-Turns After Fresh Hormuz Escalation

A sudden escalation of maritime hostilities in the Strait of Hormuz has forced multiple oil and liquefied natural gas (LNG) carriers to abort their transits, si

OilPrice·Jul 8

Equinor Awards Contracts for Norway Tiebacks

Equinor's massive $613 million investment in Norwegian offshore tiebacks highlights a broader industry shift toward maximizing existing infrastructure rather th

Rigzone·Jul 8

Dolphin Drilling’s 52-year-old rig secures longer run in India’s oil & gas exploration game

Dolphin Drilling has secured a contract extension with Oil India Limited for one of its oldest active semi-submersible rigs, demonstrating the sustained demand

Offshore Energy·Jul 8

Oceaneering and Petrobras extend collaboration through four-year ROV agreement

Oceaneering International has secured a major four-year contract extension with Petrobras to provide Remotely Operated Vehicle (ROV) services offshore Brazil. T

Offshore Energy·Jul 8
Jul 8

Equinor awards $612m of contracts for four NCS projects

Jul 8

China Lifts Fuel Export Curbs as Refiners Ramp Up Overseas Shipments

Jul 8

US Cancels Oil Waiver and Strikes Iran Anew

Jul 8

Oil Prices Jump After Iran Attacks Commercial Vessels

Jul 8

Why the AI Boom Is About to Break the U.S. Power Grid

Jul 7

The Next Oil Price Spike Could Come Sooner Than Traders Think

Jul 7

Has Iraq Finally Run Out of Road in Its Double-Dealings with the West?

Jul 7

US Crude Oil, Product Inventories Fall Even As Hormuz Traffic Begins to Flow

Jul 7

Oil Jumps on Hormuz Shipping Attacks

Jul 7

Big Oil's Windfall Earnings Threaten to Reignite Trump's Price-Gouging Push