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

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Rigzone·Jun 2·1 min read

Analyst Flags Conflicting USA-Iran War Statements

Market analysts are drawing attention to escalating volatility driven by contradictory rhetoric surrounding potential diplomatic engagements and conflict de-escalation between Washington and Tehran. T

Oil retreats as US-Iran talks continue amid tension

Global crude benchmarks dropped by over 1% on 2 June 2026, pulling back from earlier intraday highs following statements from US President Donald Trump indicati

Offshore Technology·Jun 2

BP starts NAG production at ACG field offshore Azerbaijan

BP has officially brought first non-associated gas (NAG) online from deep reservoirs beneath the giant Azeri–Chirag–Gunashli (ACG) complex in the Azerbaijani se

Offshore Technology·Jun 2

$90 Oil Could Lift India’s Inflation to 4.8% and Slow GDP Growth

Financial analysts at 360 ONE Capital project that prolonged crude oil prices near $90 per barrel will elevate India's inflation to 4.8% and create significant

OilPrice·Jun 2

BP flows first non-associated gas from its giant Caspian Sea field

BP has officially initiated non-associated gas production from the deeper reservoirs of the Azeri-Chirag-Gunashli (ACG) complex in the Azerbaijani sector of the

Offshore Energy·Jun 2
Jun 2

China’s LNG Imports Recover Ahead of Peak Cooling Season

Jun 2

Fluor JV receives LNTP for LNG Canada phase two expansion

Jun 2

Strike Action at Major Australian LNG Facility Raises Supply Concerns

Jun 2

JDR opens subsea cable factory in Blyth

Jun 2

Goldman Sachs Sees Strong Refining Profits Through 2026 Amid Fuel Supply Crunch

Jun 2

LNG Deliveries to China Rebound in May

Jun 2

Persian Gulf Oil Tanker Traffic May Never Fully Recover

Jun 1

Guyana Emerges as an Oil Winner in the Iran War

Jun 1

Crude Surges on Iran Tensions

Jun 1

France Boards Tanker Tied to Russian Oil Trade