News

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

Rigzone·Jun 17·1 min read

Iraq Readies to Boost Oil Exports When Hormuz Reopens

The anticipated reopening of the Strait of Hormuz, driven by an imminent interim diplomatic agreement between the United States and Iran, is prompting Iraq to rapidly prepare for a significant surge i

US Lower 48 shale plays continue to flourish amid geopolitical uncertainties

The US onshore upstream sector has demonstrated remarkable resilience, with Lower 48 shale plays registering a robust 17.1% year-on-year surge in crude oil prod

Offshore Technology·Jun 17

ExxonMobil joins Vopak–Transnet JV to progress South Africa’s LNG import terminal

ExxonMobil's entry into the Vopak-Transnet joint venture marks a critical acceleration for South Africa's gas-to-power ambitions via the Richards Bay LNG import

Offshore Energy·Jun 17·ExxonMobil

Bass Oil concludes purchase of Vanessa gas field in Cooper Basin

Australian independent Bass Oil has successfully closed its acquisition of the Vanessa gas field in the Cooper Basin from Beach Energy, marking a strategic expa

Offshore Technology·Jun 17

$15.7 billion floating LNG project on Canada’s horizon as Kanata partners with Hanwha Ocean

The partnership between Canada's Kanata Clean Power and South Korea's Hanwha Ocean signals a major push to advance a massive $15.7 billion floating LNG (FLNG) e

Offshore Energy·Jun 17
Jun 17

CLNE to Deliver LNG Systems for 2 Power Projects in Puerto Rico

Jun 17

Chevron joins Helleniq in Eastern Mediterranean offshore block

Jun 17

US Gulf oil production flow another well richer with more to come before year-end

Jun 17

Iberdrola Raises $1.7B from Debt Instrument Sale

Jun 17

Encomara’s subsea installation technology for floating wind gets ABS design approval

Jun 17

First Iranian Oil Moves Past U.S. Blockade Ahead of Deal Signing

Jun 17

Oil gushes out of fourth well at subsea tie-back in Brazilian waters

Jun 17

Kosmos Energy trims oil & gas portfolio with sale of assets off Equatorial Guinea

Jun 17

Global Gas Markets Get Another Boost as Australian LNG Strike Ends