News

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

OilPrice·May 8·1 min read

India's Inflation Accelerates as High Energy Prices Start to Bite

Inflation in India rose in April, driven in part by higher global oil and gas prices. This increase in CPI suggests that rising energy costs are beginning to impact consumer prices in the world's thir

Wave data campaign in Martinique paves the way for wave energy pilot

A wave data campaign has begun in Martinique to assess the feasibility of wave energy projects. This initiative could lead to the development of a wave energy p

Offshore Energy·May 8

BW Offshore’s FPSO staying until 2030’s end at North Sea field

BW Offshore has secured an extension for its FPSO in the UK North Sea until the end of the 2030s. This extension signifies continued production activity in the

Offshore Energy·May 8

Bill Seeks Moratorium on US Oil Exports

A Democrat lawmaker has proposed a bill to halt U.S. crude and refined product exports during a hypothetical war with Iran. The bill aims to mitigate potential

Rigzone·May 8

Oil Prices Whipsaw as U.S.-Iran Conflict Shakes Markets

Crude oil prices experienced significant volatility between May 3-7, 2026, due to the U.S.-Iran conflict and related disruptions in the Strait of Hormuz. Fluctu

OilPrice·May 8
May 8

Why the UAE Left OPEC

May 8

USGS Sees 340+ Tcf of Recoverable Gas in Bossier Formation

May 8

Wison New Energies’ internal turret FPSO design wins endorsment from Lloyd’s Register

May 8

ABS, HD Hyundai and Anduril partner on autonomous surface vessels

May 8

LNG vessel pair enriches MISC’s fleet

May 8

Oil prices surge as US-Iran conflict threatens ceasefire

May 8

Eni conducts drill stem test at Geliga-1 discovery in Indonesia

May 8

Brent Oil Price Futures Understating Physical Market Stress

May 8

EU Awards $1.3B in Subsidies for Cleaner Hydrogen Production

May 8

Olympic Subsea’s methanol-ready vessel duo enters construction