News

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

OilPrice·May 8·1 min read

A Golden Opportunity for Canada’s Oil and Gas Industry

The head of the International Energy Agency (IEA), Fatih Birol, stated that Canada has a "golden opportunity" to become a major global oil and gas player due to supply constraints arising from the con

Local private firm to deliver SURF EPCI for Indonesian gas project

West Natuna Exploration Limited (WNEL), a subsidiary of a Singapore-headquartered natural gas exploration company, has awarded a SURF EPCI contract for an Indon

Offshore Energy·May 8

North Sea wildcat on COSL rig’s drilling agenda for June

Equinor has received a drilling permit for a new wildcat exploration well in the North Sea, to be drilled using the COSL Drilling Europe-owned semi-submersible

Offshore Energy·May 8

Port of Blyth unveils GBP 100 million expansion linking to JDR cable factory

Port of Blyth is undertaking a £100 million expansion project to support the UK offshore wind sector. This expansion is strategically linked to the JDR cable fa

Offshore Energy·May 8

Pakistan Rejects LNG Bids as Energy Crisis Deepens

Pakistan rejected all bids for an urgent tender seeking two LNG cargoes, indicating a deepening energy crisis. The bids were deemed too expensive, highlighting

OilPrice·May 8
May 8

Shell reports 23% increase in Q1 2026 adjusted earnings

May 8

$7 Billion in Oil Bets Under Investigation

May 8

Oil Prices Jump After U.S. and Iran Exchange Fire in Strait of Hormuz

May 7

How Brazil Became Asia’s Emergency Oil Supplier

May 7

Venezuela Lands Billions in Oil Deals as Industry Rushes Back

May 7

Trump Cannot Just Win the Strait. He Has to Win the Oil Curve

May 7

Water Is Quietly Becoming One of the Biggest Risks in Energy

May 7

Adnoc LNG Tankers Go Dark to Get Gas Through Hormuz

May 7

Canada Scores Record Trade Surplus on High Oil

May 7

Oil Swings on Iran Deal Doubts