News

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

Rigzone·Jun 3·1 min read

Kuwait to Look at Expanding Global Oil Storage

Kuwait is evaluating options to expand its global oil storage capacity amid heightened geopolitical tensions in the Middle East. This strategic move aims to secure supply chains and protect market sha

Repsol Adds 200,000 Tons of Annual Capacity for Renewable Fuel Production

Spanish energy major Repsol has expanded its renewable fuel production by adding 200,000 tons of annual capacity at its Puertollano Industrial Complex in Ciudad

Rigzone·Jun 3

Equinor awards Ocean Installer 4.5-year Bacalhau well tie-in deal

Equinor has awarded Ocean Installer a 4.5-year contract for subsea installation work at the Bacalhau field in Brazil. This deal secures critical subsea, umbilic

Offshore Technology·Jun 3

McDermott among Aramco’s hand-picked contractors for large-scale projects

U.S. engineering and construction firm McDermott has been selected by Saudi Aramco for a long-term Project Management Consultancy (PMC) agreement. This strategi

Offshore Energy·Jun 3

Green light for North Sea ops with Odfjell Drilling’s rig

Norwegian authorities have granted approval to operator Aker BP to conduct drilling operations in the North Sea on the Norwegian Continental Shelf (NCS). The dr

Offshore Energy·Jun 3
Jun 3

Rubio Says U.S. Wants to End Russian Oil Waivers “As Soon as Possible”

Jun 3

Energy Cos Team Up for New AI Powered Safety Initiative

Jun 3

Oil jumps more than 1% on Middle East flare-up, Iran-US talks stall

Jun 3

Oil Trading Higher for Third Consecutive Session

Jun 3

Chevron seeks RIGI approval for $13.8bn Vaca Muerta oil project

Jun 3

Saipem makes inroads at African offshore gas project with ‘major milestone’ (Gallery)

Jun 3

Supply Shock to Slash India’s Oil Demand Growth to Pandemic Low

Jun 3

INEOS to Supply LNG to Asia under Marubeni Deal

Jun 3

Northern Lights strengthens its fleet with new LCO2 vessel award to K Line and MISC

Jun 3

Japan Commits $19.4 Billion to Fighting Its Energy Crisis