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

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Rigzone·May 6·1 min read

Gas Trading Boosts Equinor Profit

Equinor's profitability has been boosted by successful gas trading operations in both Europe and North America. The company capitalized on market volatility in these regions to enhance its financial p

Macquarie Strategists Expect Another USA Crude Inventory Draw

Macquarie strategists predict a further draw in U.S. crude oil inventories. This expectation is driven by high levels of crude oil exports from the United State

Rigzone·May 6

Saudi Arabia Cuts June Oil Prices by Less Than Expected as Hormuz Risks Persist

Saudi Arabia has lowered its official selling price (OSP) for June crude oil exports to Asia, but the reduction was smaller than market expectations. This sugge

OilPrice·May 6

Turkish shipyard delivers 100-meter cable lay vessel to Norway

Norwegian company Agalas has received a new 100-meter cable laying support vessel (CLSV) from a Turkish shipyard. This delivery highlights the growing capabilit

Offshore Energy·May 6

New gas storage license on the horizon for UK’s integrated energy storage project

EnergyPathways is awaiting a gas storage license (GSL) from the NSTA for its energy storage project off the Cumbria coast in the East Irish Sea. This project ai

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