News

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

OilPrice·Jun 11·1 min read

Trans Mountain Oil Pipeline Hits Full Capacity as Asian Demand Surges

The newly expanded Trans Mountain pipeline has hit its maximum operational limit of 890,000 barrels per day due to a surge in appetite from Asian refiners. This milestone vindicates the controversial

New 3D streamer gig taking TGS to Africa & Middle East

Norwegian seismic giant TGS has secured a major 3D streamer acquisition contract spanning the Africa and Middle East regions, signaling a robust resurgence in f

Offshore Energy·Jun 11

Serica’s North Sea expansion boost: Acquisition wrap-up ensures oil & gas portfolio growth

Serica Energy has finalized its acquisition of North Sea assets from ONE-Dyas, a strategic move that bolsters its production profile and reserves in a mature ba

Offshore Energy·Jun 11

SLB Lands Major Deal to Help Rebuild Venezuela’s Oil Industry

In a major geopolitical and industrial shift, oilfield services giant SLB (formerly Schlumberger) has secured a comprehensive, long-term contract with Venezuela

OilPrice·Jun 11

EnQuest to acquire Malaysian offshore PSC interests for $833m

UK-independent EnQuest is significantly expanding its Southeast Asian footprint by acquiring stakes in four Malaysian offshore production sharing contracts for

Offshore Technology·Jun 11
Jun 11

Papastavrou: Global shipping accounts for less than 3% of global carbon emissions

Jun 11

OPEC Oil Production Falls to Lowest Level Since 2000

Jun 11

Oil Prices Spike as Iran Declares Strait of Hormuz Closed

Jun 11

How Fake News Became the Most Dangerous Force in Energy Markets

Jun 10

Scientists Create Giant Fire Tornadoes To Clean Up Oil Spills

Jun 10

Algeria’s Gas Advantage Is Real. So Are Its Production Problems.

Jun 10

Traders Are Shorting Oil As If The Hormuz Crisis Is Over

Jun 10

Oil Prices Are Up. Investment Isn't Following

Jun 10

Oil Climbs as Trump Warns Iran

Jun 10

Germany's Big LNG Deal With Canada May Never Deliver a Single Cargo