News

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

Offshore Energy·May 15·1 min read

Industry players unite to form UAE’s first shipbuilding consortium

A consortium of national industry players has been formed in the UAE to focus on shipbuilding. This marks a significant step towards developing local shipbuilding capabilities within the UAE, potentia

Velesto lines up multi-well offshore rig job in Southeast Asia

Velesto Energy, a Malaysian owner of jack-up rigs, has secured a contract for a multi-well drilling campaign offshore Malaysia. This indicates continued drillin

Offshore Energy·May 15

Oil Prices Surge as Hormuz Shutdown Keeps Supply Fears Alive

Crude oil prices experienced a significant rally this week due to escalating tensions between the U.S. and Iran, raising concerns about potential supply disrupt

OilPrice·May 15

Netanyahu’s Coalition Fractures as Israel Edges Toward Early Elections

The article discusses the potential collapse of Netanyahu's coalition government in Israel, coinciding with the Trump-Xi summit where the U.S.-Iran conflict and

OilPrice·May 15

Azerbaijan kicks off offshore wind measurement campaign with LiDAR deployed in Caspian Sea

Azerbaijan has initiated an offshore wind measurement campaign in the Caspian Sea using a floating LiDAR buoy deployed by EOLOS Floating LiDAR Solutions. This m

Offshore Energy·May 15
May 15

USA EIA Reveals Latest Oil Price Forecasts

May 15

‘Many key components’ manufactured for BiMEP-destined wave energy unit

May 15

ABL wins MWS contract for Mero 3 and 4 projects offshore Brazil

May 15

Commonwealth LNG Approves $13 Billion Louisiana Export Project

May 15

DNO in the clear for drilling ops with Odfjell Drilling-managed rig

May 15

Why Has Oil Not Gone Higher in Wake of USA-Iran Conflict?

May 15

Perenco Restarts Davy Gas Production in UK North Sea

May 15

Solstad Offshore comes out as winner in CSV legal battle

May 15

Canada’s LNG Ambitions Grow as British Columbia Warms to Gas Exports

May 15

Inpex coming aboard Australia’s huge multibillion-dollar gas project