News

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

All ENI ExxonMobil TotalEnergies Shell Chevron Aphrodite Glaucus
Offshore Energy·Jul 6·1 min read

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 global platform. This strategic consolida

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·Jul 6

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

The decision by OPEC+ to increase crude oil production targets starting in August has triggered a downward correction in global benchmark prices, reflecting mar

Offshore Technology·Jul 6

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

The commencement of construction on a new ultra-large cable-laying vessel (CLV) at Turkey's Tersan Shipyard marks a significant expansion of global offshore inf

Offshore Energy·Jul 6

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

Shell's collaboration with nine Nigerian financial institutions to establish a $3 billion credit facility represents a strategic move to bolster the domestic oi

Rigzone·Jul 6·Shell plc
Jul 6

Glenfarne, BGN sign HoA for LNG supply from Texas LNG

Jul 6

North Sea platform topside making its way to final destination

Jul 6

ADNOC Consolidates LNG Sales Activities

Jul 6

New assignment for Cyprus-flagged vessel, India on schedule

Jul 6

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

Jul 6

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

Jul 6

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

Jul 6

Boskalis christens ‘industry’s largest’ subsea rock installation vessel

Jul 6

Tankers Cross Hormuz Near Oman

Jul 6

Pakistan Buys Second Spot LNG Cargo as Supply Crunch Persists