News

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

Offshore Energy·3d ago·1 min read

Chinese player picks up FPSO job for Eni’s African oil & gas project

Eni's partnership with Wison New Energies and Altera Infrastructure for a newbuild FPSO highlights the industry's shifting reliance toward Chinese fabrication yards for complex offshore infrastructure

Germany Weathers Energy Crisis With Growing Dependence on American LNG

Germany's energy transition away from Russian pipeline gas has entered a consolidation phase, marked by a rising reliance on liquefied natural gas (LNG) which n

OilPrice·3d ago

Oil exports from the Middle East rising, but risks remain – IEA

The stabilization of Middle Eastern oil exports through the critical Strait of Hormuz has triggered a downward correction in global crude benchmarks, easing imm

Offshore Technology·3d ago

ADNOC sets up global LNG marketing and trading platform

Abu Dhabi National Oil Company (ADNOC) has consolidated its LNG marketing and trading operations from ADNOC Gas, XRG, and ADNOC Trading into a single, unified g

Offshore Energy·3d ago

OPEC+ Decides to Boost Production Further in August

Seven key OPEC+ member states have agreed during a virtual extraordinary meeting to implement a further crude oil production increase starting in August 2026. T

Rigzone·3d ago
3d ago

Oil drops more than 1% after Opec+ raises August output targets

3d ago

South Korean ultra-large cable laying vessel enters construction in Türkiye

3d ago

Shell, Local Banks Offer $3B Credit Scheme to Nigerian Contractors

3d ago

Glenfarne, BGN sign HoA for LNG supply from Texas LNG

3d ago

North Sea platform topside making its way to final destination

3d ago

ADNOC Consolidates LNG Sales Activities

3d ago

New assignment for Cyprus-flagged vessel, India on schedule

3d ago

More European Investors Oppose Norway’s Push for Arctic Oil Drilling

3d ago

2018-built rig all done with Shell’s Namibian offshore drilling campaign

3d ago

Altera to supply FPSO for Eni’s Baleine phase three in Côte d’Ivoire