News

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

In-Cyprus·May 20·1 min read

Eni moves towards final investment decision on Kronos as Cyprus approves gas development plan

Cyprus has taken a pivotal step towards becoming a natural gas producer, with the Council of Ministers officially approving the development plan for the Kronos discovery in Block 6. This regulatory gr

Energean Slashes Dividend After Israel Gas Shutdown Cuts Output

Energean significantly reduced its first-quarter dividend and lowered its full-year production forecast due to a 41-day shutdown of the Karish gas platform offs

OilPrice·May 20

Bernhard Schulte’s first LCO2 carrier step closer to Northern Lights

Bernhard Schulte's first LCO2 carrier for the Northern Lights project is nearing completion, marking a significant step in the development of carbon capture and

Offshore Energy·May 20

Sea Lion eyes bigger bite with second FPSO deal to speed up oil uptick

The Sea Lion oil project in the North Falkland Basin is exploring the deployment of a second FPSO to accelerate production and expand capacity beyond the initia

Offshore Energy·May 20

Diko promises to beef up pensions from natural gas revenue

Ahead of upcoming elections, Diko's leader, Nikolas Papadopoulos, announced his party's intention to prioritize legislation aimed at strengthening Cyprus' socia

Cyprus Mail·May 20
May 20

Equinor and Eneco agree five-year NCS gas supply for Germany

May 20

Why Is Oil Moving Lower Today?

May 20

India Eyes Direct Gulf Oil Loading Despite Hormuz Blockade

May 20

Shearwater gets to work for Shell and Equinor’s joint venture

May 20

QatarEnergy Enters Uruguay with Shell Deal for Three Offshore Blocks

May 20

Oil boost on the horizon with go-ahead for project off Gabon and infill wells in Brazil

May 20

Strikes Hit Two Australian LNG Facilities After Wage Talks Collapse

May 20

UK to Allow Import of Fuels Refined from Russian Oil

May 20

Kinetik takes FID on $260m Kings Landing II gas processing plant

May 20

ExxonMobil orders more line pipe from Vallourec