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

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OilPrice·Jun 16·1 min read

World's Largest Tanker Operator Cautions Against Hormuz Rush

Despite tentative diplomatic progress between the United States and Iran, global tanker giants are maintaining a highly cautious stance regarding transit through the volatile Strait of Hormuz. Shipown

Q&A: CB&I engineering VP on “powerful opportunity” of Petrofac Asset Solutions acquisition

McDermott's storage business, CB&I, is strategically integrating Petrofac's Asset Solutions division to create a unified engineering powerhouse capable of execu

Offshore Technology·Jun 16

Yinson Production taps Techouse’s affiliate for Nigerian FPSO’s back-up power module

Yinson Production has contracted Norwegian offshore specialist Eureka to deliver a critical back-up power generation module for an FPSO destined for Nigerian wa

Offshore Energy·Jun 16

Chevron Expands Exploration Footprint in Greek Mediterranean

Chevron's decision to deepen its alliance with Helleniq Energy across five offshore blocks signals a major vote of confidence in the underexplored deepwater pot

Rigzone·Jun 16·Chevron Corporation

Comstock sells 27% stake in Pinnacle Gas Services to Sixth Street

Comstock Resources' $600 million divestment of a minority stake in Pinnacle Gas Services to Sixth Street highlights the growing reliance of US shale producers o

Offshore Technology·Jun 16
Jun 16

JERA Receives LNG Cargo from Barossa Project

Jun 16

Bourbon goes to Ghana under multi-month subsea contract

Jun 16

Banks Slash Oil Price Forecasts After U.S.-Iran Breakthrough

Jun 16

Equinor’s Norwegian Sea wildcat yields no hydrocarbons

Jun 16

BW Opal FPSO completes interim performance test for Barossa LNG

Jun 16

ConocoPhillips Set to Become First U.S. Major to Sign Post-War Syria Gas Deal

Jun 16

12-meter USV class secures MCA’s certification

Jun 16

China’s Refinery Runs Hit Four-Year Low as Crude Imports Collapse

Jun 15

New Estimates Challenge Assumptions About Lost Gulf Oil Supply

Jun 15

U.S. Average Gasoline Prices Slide Below $4 Per Gallon