News

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

OilPrice·May 11·1 min read

India Rejects Russian LNG Under Sanctions

India has reportedly rejected an offer from Russia to purchase LNG from projects subject to U.S. sanctions. This decision highlights the increasing pressure on countries to comply with international s

North America Adds Rigs Again

North America's rig count increased by two rigs week-on-week, as reported by Baker Hughes. This slight increase suggests a potential, albeit small, uptick in dr

Rigzone·May 11

Enbridge Beats Profit Estimates

Enbridge surpassed profit expectations due to strong performance in its gas operations, which compensated for weaker results in its liquids pipelines segment. T

Rigzone·May 11

Odfjell lands Magnus platform drilling contract from EnQuest

Odfjell Technology has been awarded a platform drilling contract by EnQuest for operations on the Magnus platform in the UK North Sea. This contract signifies c

Offshore Technology·May 11

Perenco Raises Oil Production Capacity in Congo-Brazzaville

Perenco Congo is undertaking a new five-well drilling campaign in the Masseko field, Congo-Brazzaville, with the aim of boosting production and exploring a new

Rigzone·May 11
May 11

Texas Oil Regulator Praises Record Port Activity, Rising Output

May 11

Siemens Energy delivers all transformers for first UK-Germany energy link

May 11

Crude spikes as Trump dismisses Iran reply, Hormuz bottleneck persists

May 11

Conrad awards SURF contract for Mako field to Timas Suplindo

May 11

$30 billion mega gas project set to enrich Australia’s countrywide GDP by $98.7 billion

May 11

Global Coal Demand Surges as Middle East Energy Crisis Deepens

May 11

Oil Traders Adding Back Supply Risk Premium

May 11

Seadrill’s new rig deals of over $860 million lift total backlog to $3.1 billion

May 11

Aramco Q1 income rises 25% amid CEO’s warning on oil supply

May 11

Aramco Raises Profit as Production Remains Stable despite Crisis