News

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

Offshore Technology·Sep 11·1 min read

Oil prices poised to end week above $100 for first time since May

Global benchmark crude contracts held above the critical triple-digit threshold heading into the weekend of 11 September, despite minor intraday losses. Sustained trading above $100 per barrel reflect

21 companies apply for Norway’s new oil & gas exploration areas

Norway's Ministry of Energy has secured bids from 21 offshore operating companies for its latest frontier and mature exploration acreage, demonstrating resilien

Offshore Energy·Sep 11

Spanish shipyard launches its largest-ever vessel, built for Østensjø Rederi

Asturian shipbuilder Gondan has completed the launch of a 120-meter ocean energy support vessel commissioned by Norwegian offshore operator Østensjø Rederi. Mar

Offshore Energy·Sep 11

Oil Prices Could Top $120 as Middle East Conflict Escalates

Escalating regional conflict in the Middle East has reignited concerns over structural supply vulnerabilities, prompting warnings that Brent crude could surpass

OilPrice·Sep 11

Saipem-Jan De Nul consortium joins Mozambique’s LNG project

Italian contractor Saipem, in alliance with offshore engineering specialist Jan De Nul, has formalized a letter of intent to secure engineering, procurement, an

Offshore Energy·Sep 11
Sep 11

Oil Prices Surge to Four-Month Highs as War Risks Mount

Sep 10

Higher Oil Prices Let Mexico Pull Back Billions in Pemex Support

Sep 10

OPEC Sees Oil Demand Growth Explode Sixfold in 2027

Sep 10

How China Became the World's First Electrostate

Sep 10

Russia's Crude Output Fell in August

Sep 10

Oil Soars as Hormuz Risks Rattle Markets

Sep 10

Enbridge to Acquire Tallgrass Pipelines for $2.55B

Sep 10

Two Historic USA Fuel Records Fall

Sep 10

Odfjell secures $518m contract for Deepsea Bergen from Vår Energi

Sep 10

McDermott Wins Contract for Eni's Cronos Project offshore Cyprus