News

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

Offshore Technology·May 21·1 min read

Inpex signs agreements for offtake from Abadi LNG Project

Inpex has reached agreements in principle for LNG offtake from the Abadi LNG Project in Indonesia. This signifies a major step forward for the project, securing future revenue streams and demonstratin

Wood Mackenzie Warns Oil Could Hit $200

Wood Mackenzie has projected that Brent crude oil prices could potentially reach $200 per barrel by the end of 2026. This forecast suggests a significant increa

Rigzone·May 21

Saipem and Petrobras set their cap on advancing Brazil’s decom offering

Saipem and Petrobras are collaborating to develop improved decommissioning solutions for Brazil's oil and gas infrastructure. This partnership aims to address t

Offshore Energy·May 21

QatarEnergy, ExxonMobil ink Cyprus pact with Egypt

QatarEnergy and ExxonMobil, key partners in Cyprus's offshore Block 10, have formalized an agreement with the Egyptian government to investigate the feasibility

LNG Prime·May 21·ExxonMobilQatar Energy

Traders Expect Oil Prices to Remain Above $81 for the Next 12 Months

A Bloomberg Intelligence survey indicates traders expect oil prices to average between $81 and $100 per barrel over the next year. This expectation is driven by

OilPrice·May 21
May 21

DeepOcean picks up subsea and topside removal job for North Sea FPSO

May 21

Wood to deliver pipeline design and more for Qatar’s redevelopment project

May 21

BP expands Indonesia footprint with Bintuni, Drawa and Barong PSCs

May 21

Constellation to Invest in Pine Creek RNG

May 21

Arab Energy Fund Makes $120MM LNG Investment in MidOcean

May 21

Wave-measuring device deployed at new marine energy test site in Massachusetts

May 21

Goldman Sachs Sounds Fresh Alarm on Global Oil Stockpiles

May 21

No break for TGS as it scores triple win in Norwegian North Sea

May 21

Saudi Arabia Forced to Boost Fuel Oil Imports as Gas Output Dips

May 21

StanChart Says Record SPR Withdrawals Are Tightening U.S. Oil Buffers