News

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

OilPrice·Jun 4·1 min read

Iraq Revives Kurdistan Production in Bid to Rescue Oil Revenues

Iraq's Prime Minister has directed oil companies in the semi-autonomous Kurdistan region to resume production immediately. This move is a strategic effort by OPEC's second-largest producer to secure a

Ocean Installer enters Brazil thanks to contract with Equinor

Norway's marine construction and operations firm Ocean Installer has secured a contract with Equinor, marking its official entry into the Brazilian offshore mar

Offshore Energy·Jun 4

Pakistan Rushes to Secure LNG as Summer Power Demand Surges

Pakistan has issued a new spot tender for 1 million tons of LNG to meet surging electricity demand driven by summer heatwaves. This marks the country's fourth s

OilPrice·Jun 4

MODEC and Eld embark on next-gen carbon capture-enabled FPSO power system

Japanese offshore specialist MODEC has partnered with Norwegian fuel cell developer Eld Energy to develop a 1.2 MW carbon capture-enabled power system for FPSO

Offshore Energy·Jun 4

Delfin Midstream approves $5bn FID for Delfin LNG project phase one

Delfin Midstream has reached a final investment decision (FID) for its first floating liquefied natural gas (FLNG) vessel, committing $5 billion to the initial

Offshore Technology·Jun 4
Jun 4

Velesto’s 2014-built rig takes on multi-well drilling campaign in Southeast Asia

Jun 4

Trump Plans $700 Million Lifeline for U.S. Coal Power Plants

Jun 4

Oil Prices Dip as Israel-Lebanon Ceasefire Revives Iran Deal Hopes

Jun 3

Europe Scrambles to Contain the Energy Shock

Jun 3

Venezuela Wants Oil Firms to Supply Their Own Power

Jun 3

A Barrel Trapped Behind Hormuz Isn't Spare Capacity

Jun 3

Oil Settles Higher On Iran Strikes

Jun 3

States Take Trump to Court Over Offshore Wind Cancelations

Jun 3

Cook Inlet LNG puts new FSRU-based lifeline on Alaska’s energy horizon

Jun 3

GasBuddy Warns USA Gas Price Relief May be Short Lived