News

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

OilPrice·Jun 1·1 min read

The Next Stranded Asset Crisis Could Hit Utilities

The conventional wisdom treating regulated electric utilities as safe-haven investments is facing critical disruption due to rapid energy transition dynamics. Traditional power companies risk accumula

BP Starts Production at Trillion-Cubic-Foot Gas Prize In Azerbaijan

BP has successfully unlocked deep-lying non-associated natural gas reserves within Azerbaijan's flagship Azeri-Chirag-Gunashli (ACG) complex in the Caspian Sea.

OilPrice·Jun 1

Rystad: U.S.-Iran Re-Escalation Could Drive Oil To $180 By August

Independent energy consultancy Rystad Energy has modeled an extreme geopolitical risk scenario in which direct escalation between Washington and Tehran pushes c

OilPrice·Jun 1

Netherlands Backs $1.2B Subsidy to Refill Gas Stocks

The Dutch government has authorized state-backed funding of up to $1.2 billion for EBN Capital BV to secure gas storage injections ahead of future heating seaso

Rigzone·Jun 1

Equatorial Guinea Clears Europa Oil's Block Farm-Out to Chinese Firm

Equatorial Guinea's regulatory endorsement of a farm-out agreement brings Europa Oil & Gas substantially closer to spudding the high-impact Barracuda exploratio

Rigzone·Jun 1
Jun 1

Eni, Seri Industrial Agree Integrated Battery Partnership in Italy

Jun 1

Tamboran completes $173m Falcon acquisition after court approval

Jun 1

Strike over pay dispute on North Sea oil workers’ voting agenda

Jun 1

BP Sells 5% Stake in Australia's Newest $35 Billion LNG Project

Jun 1

USA Oil Output Expected to Average 14MM Bpd in 2027

Jun 1

India’s LNG Industry Pushes for Government Backing as Diesel Costs Surge

Jun 1

CB&I scores multimillion-dollar assignment for $13 billion US LNG project

Jun 1

Fugro to carry out marine mammal monitoring for Irish offshore wind grid connection

Jun 1

Oil Prices Up 3% As Trump Demands Changes To Iran Deal

Jun 1

Oil prices surge amid renewed US, Iran and Israel military action