News

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

Offshore Energy·Jun 9·1 min read

African oil field turns production switch back on after FPSO refurbishment

Vaalco Energy has successfully restarted production at the Baobab field offshore Côte d’Ivoire following a planned dry-dock maintenance and refurbishment program for the FPSO Espoir Ivoirien. This ope

WoodMac Finds 'No Consensus' on Gulf Crisis Resolution

At its annual gas and LNG conference in London, energy consultancy Wood Mackenzie highlighted a deep industry division regarding the timeline for resolving geop

Rigzone·Jun 9

Morgan Stanley Sees Asian LNG Prices Soaring to 3.5-Year High

Morgan Stanley's projection of Asian LNG prices hitting a 3.5-year high by late 2026 highlights a tightening global gas market driven by structural demand shift

OilPrice·Jun 9

Oil Gives Back Most of Monday Gains

Crude oil prices quickly retraced their previous session's gains as market participants shifted focus back to persistent demand headwinds and rising non-OPEC su

Rigzone·Jun 9

BP awards SLB OneSubsea boosting contract for Thunder Horse

BP's decision to award SLB OneSubsea a subsea boosting contract for the Thunder Horse field represents a strategic move to maximize recovery rates from one of t

Offshore Technology·Jun 9
Jun 9

H2DO launches offshore wind-to-hydrogen study in Dutch North Sea

Jun 9

Eni, Petronas launch Searah JV for Indonesian and Malaysian assets

Jun 9

The Oil Shock Is Weakening India’s Economy and Finances

Jun 9

Another European deal for Canadian LNG project as talks with Uniper advance

Jun 9

Saipem’s heavy lifting and pipe-laying vessel gearing up for work on €4B Black Sea gas project

Jun 9

Giant Oil Supertanker Orders Eclipse Record

Jun 9

TGS secures new offshore wind site characterization contract in Europe

Jun 9

Noble’s giant semi-sub rig scores new drilling gig with BP in UK waters

Jun 9

Asia Is in the Eye of the Energy Crisis

Jun 9

BP tasks OneSubsea with subsea boosting at deepwater project in US Gulf