News

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

Rigzone·Jun 19·1 min read

EIA Raises USA Oil Production Forecast for 2026, 2027

The U.S. Energy Information Administration (EIA) has revised its medium-term domestic crude oil production forecasts upward for both 2026 and 2027, signaling sustained resilience in American shale bas

Shareholders cast their votes in favor of Vantage Drilling’s merger with Eldorado

The shareholder approval of the Vantage Drilling and Eldorado Drilling merger marks a significant consolidation in the ultra-deepwater and premium jack-up marke

Offshore Energy·Jun 19

India Orders Major Strategic Oil Reserve Expansion After Supply Crisis

India's directive to state-run ONGC to construct a new $1.6 billion strategic petroleum reserve (SPR) marks a decisive shift toward enhancing national energy se

OilPrice·Jun 19

Eight-well drilling program ups oil output at Southeast Asian offshore field

Valeura Energy's successful completion of its eight-well infill drilling campaign at the Wassana offshore field in the Gulf of Thailand marks a critical operati

Offshore Energy·Jun 19

UK’s testbed on the lookout for partners after spotlighting subsea range with multi-robot demo

The successful multi-robot demonstration at the UK's Smart Sound Connect Subsurface (SSCS) testbed marks a significant milestone in the commercialization of mar

Offshore Energy·Jun 19
Jun 19

BP taps DeepOcean for Foinaven subsea recycling project

Jun 19

Philippines Seeks Long-Term Oil Supply Deal With Russia

Jun 19

Vår Energi approves Balder Next New Wells project in North Sea

Jun 19

Two oil & gas operators gearing up for North Sea drilling ops with COSL and Saipem’s rigs

Jun 19

Regulatory setback puts appraisal of gas discovery at risk in Southeast Asia

Jun 19

Up to $420 million investment in North Sea subsea project unleashing more European gas

Jun 19

OPEC Sees Sustained Oil Demand as Policy Prioritizes Energy Security

Jun 19

India Isn’t Rushing Back to Middle Eastern Oil Despite Hormuz Reopening

Jun 19

Equinor and partners agree Ringvei Vest subsea development plan

Jun 19

Oil Prices Rebound as U.S.-Iran Peace Talks Are Postponed