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

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Offshore Technology·Jul 1·1 min read

Transocean secures $1bn Equinor contract for three Norwegian rigs

Transocean's massive $1 billion contract win with Equinor for three harsh-environment semisubmersibles underscores the sustained strength of the offshore drilling market, particularly in premium, high

Oil's Softening Trend Continues

Global crude markets are experiencing a sustained downward pressure as the rapid return of low-cost, easily accessible oil production outpaces the sluggish reco

Rigzone·Jul 1

ADNOC, Eni Acquire Stakes in Argentina LNG Blocks

Abu Dhabi's ADNOC and Italy's Eni have strategically entered Argentina's prolific Vaca Muerta shale play to secure feed gas for a major planned liquefied natura

Rigzone·Jul 1·ENI S.p.A.

ExxonMobil, QatarEnergy pen commercial gas discovery declaration in Cyprus

ExxonMobil and QatarEnergy have officially declared the commercial viability of their natural gas discoveries in Block 10 off the southern coast of Cyprus. This

Offshore Energy·Jul 1·ExxonMobilqatar-petroleum

America Bets $50 Billion on Coal and Gas Power as Electricity Demand Soars

The United States is undergoing a major shift in its capital allocation for power generation, with projected investments in fossil-fuel-fired electricity reachi

OilPrice·Jul 1
Jul 1

Shell offloads stakes in certain US Gulf deepwater oil assets for $1.7 billion

Jul 1

Transocean’s rig trio scoops up $1 billion for drilling work in Norwegian waters

Jul 1

Shell to divest Na Kika and Coulomb assets for $1.7bn

Jul 1

US Makes Progress in Indirect Talks on Iran Deal

Jul 1

Australia in need of new gas investments to ensure energy security

Jul 1

Shell Offloads 50% Stake in Na Kika Platform for $1.7 Billion

Jul 1

Recently upgraded Oceaneering vessel starts cross-regional offshore survey campaign

Jul 1

More work in Australian waters to keep DOF’s vessel busy for another year

Jul 1

Eidesvik’s 2012-built vessel lines up multi-year gig with Aker BP

Jul 1

Oil Prices Reflect Optimism That Hormuz Has Yet to Justify