News

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

Offshore Energy·Jun 8·1 min read

Asian player enters South America with multi-year job for Argentina LNG project

India's Adani Ports and Special Economic Zone (APSEZ) has secured a 10-year marine services contract for Argentina's inaugural LNG export project. This milestone marks the Adani Group's strategic entr

WNEL signs rig contract for Mako gas field in Natuna Sea

West Natuna Exploration Ltd (WNEL), a subsidiary of Conrad Asia Energy, has secured a jack-up drilling rig contract with PT Pertamina Drilling Services Indonesi

Offshore Technology·Jun 8

OPEC+ 7 Decide to Boost Production in July

OPEC+ members have decided to increase oil production starting in July, a move aimed at adjusting global supply levels. However, industry consultancy Rystad Ene

Rigzone·Jun 8

Brent Climbs to $94 as Houthis Target Israeli Vessels in Red Sea

Brent crude oil prices rose to $94 per barrel following an announcement by Yemen's Houthi rebels banning Israeli shipping in the Red Sea. This escalation threat

OilPrice·Jun 8

Oxy taking minor stake in ExxonMobil’s Caribbean ultra-deepwater block

Occidental Petroleum (Oxy) has received approval from the government of Trinidad and Tobago to acquire a minority stake in an ultra-deepwater exploration block

Offshore Energy·Jun 8·ExxonMobil
Jun 8

China Delays 500,000 Bpd Of Refining Capacity As Hormuz Disruptions Deepen

Jun 8

Oil Rebounds on Fresh Middle East Supply Risk Pricing

Jun 8

Brazil-Belgium green shipping corridor powers consortium’s e-fuel uptick agenda

Jun 8

Saudi Arabia Slashes Oil Prices Again as Asian Demand Weakens

Jun 8

Oil prices surge more than $4 amid renewed Israeli strikes on Iran

Jun 8

BLM auction in Arctic refuge yields five oil and gas leases

Jun 8

Van Oord’s subsea rock installation vessel pair to sport TMC’s compressed air system

Jun 8

China Dominates Global Low-Carbon Investment as U.S. Momentum Slows

Jun 8

Aker BP gets hold of larger stake in huge North Sea oil field

Jun 8

Eni wins licence to explore offshore Block A1 in Gambia