News

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

All ENI ExxonMobil TotalEnergies Shell Chevron Aphrodite Glaucus
OilPrice·May 7·1 min read

U.S. Energy Secretary: Iran Cuts Oil Output as Exports Collapse

U.S. Energy Secretary Chris Wright stated that Iran has reduced its oil production by approximately 400,000 bpd due to declining exports and limited storage capacity. This reduction highlights the imp

Canadian Natural Says Pipeline Needed to Unlock Oil Sands Growth

Canadian Natural Resources Limited (CNRL) President Scott Stauth stated that a West Coast export pipeline is crucial for unlocking meaningful growth in Canada's

OilPrice·May 7

U.S. Cracks Down on Iraq Oil Links to Iran

The U.S. has sanctioned Iraq's Deputy Oil Minister and Iran-aligned militia leaders for allegedly facilitating oil trade benefiting Iran. This action directly t

OilPrice·May 7

UAE Running Ghost Tankers Through Hormuz to Escape Iran’s Blockade

The article alleges that the UAE is circumventing Iran's blockade in the Strait of Hormuz by using tankers with switched-off transponders to transport crude oil

OilPrice·May 7

Giant Southeast Asian gas discovery passes test with flying colors

Eni has successfully completed a drill stem test (DST) on its recent natural gas discovery offshore Indonesia, confirming reservoir productivity. This positive

Offshore Energy·May 7·ENI S.p.A.
May 7

Murphy Oil Avoids Gambling on Current Volatility

May 7

USA Crude Oil Stocks Drop by More Than 2MM Barrels WoW

May 7

Excelerate Energy’s FSRU finds job at Jordan’s LNG terminal ahead of Iraq gig

May 7

USA Considers Tapping Oil Under Military Bases to Refill SPR

May 7

EOG Profit Exceeds Expectations

May 7

Seatrium and ABS join forces to advance maritime and offshore energy spheres

May 7

Aker BP Posts Higher Profit

May 7

NKT’s German cable accessories site becomes its first zero-carbon factory

May 7

Expro to buy Norwegian drilling tech company Enhanced Drilling