News

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

Offshore Energy·Jun 18·1 min read

BP entrusts subsea decom and recycling job at UK field to DeepOcean

BP's contract award to DeepOcean for subsea decommissioning West of Shetland underscores the accelerating pace of legacy asset retirement in the UK North Sea. As major operators shift capital toward l

EnBW secures additional US LNG volumes from Venture Global

German utility EnBW has expanded its long-term liquefied natural gas (LNG) procurement strategy by securing an additional 0.82 million tonnes per annum (mtpa) f

Offshore Technology·Jun 18

Goldman Sachs Warns Strait of Hormuz Traffic May Never Fully Recover

Goldman Sachs' projection that Strait of Hormuz tanker traffic may permanently plateau at 70% of pre-crisis levels signals a structural realignment of global en

OilPrice·Jun 18

FPSO tie-back project unlocking seven more wells to enrich North Sea oil arsenal in 2027

Vår Energi and Kistos Energy have committed to a major subsea tie-back campaign in the Norwegian North Sea, aiming to bring seven new production wells online by

Offshore Energy·Jun 18

Refinery Hit as Ukraine Pounds Moscow

Ukraine's unprecedented drone strike targeting the Moscow Oil Refinery marks a critical escalation in its strategy to disrupt Russia's domestic fuel supply chai

Rigzone·Jun 18
Jun 18

Several North Sea oil & gas discoveries fusing into large subsea tie-back project

Jun 18

Vår Energi on portfolio reshaping spree: $460M acquisitions, swaps and divestments

Jun 18

Keyera takes full ownership of KAPS Pipeline in $860m deal

Jun 18

Oil Prices Slide After U.S. and Iran Sign Ceasefire Agreement

Jun 18

The Invisible Energy Crisis Threatening to Derail the AI Boom

Jun 17

State of Global Oil Inventories Ruins Iran Peace Optimism

Jun 17

Crude Stabilizes After Sharp Selloff

Jun 17

How the Oil Sands Became the Lowest-Cost North American Producer

Jun 17

Kazakhstan Bets $10 Billion on AI With Nvidia-Backed Data Center Valley

Jun 17

IEA Sees Massive Oil Surplus In 2027 As Middle East Supply Returns