News

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

Rigzone·May 29·1 min read

Reform UK Deputy Tells Industry North Sea Drilling Is Priority

Reform UK Deputy Leader Richard Tice has signaled a sharp divergence from current UK net-zero commitments by pledging to prioritize North Sea hydrocarbon extraction over subsidized green energy initia

Japan Crude Imports Fell 66% in April

Japan recorded a steep 65.7% year-on-year drop in crude oil imports during April, bringing intake down to approximately 850,000 barrels per day. The contraction

OilPrice·May 29

Oil futures fall amid reports of potential US-Iran ceasefire extension

Global benchmark crude contracts dropped by around 2% on 29 May following signals that diplomatic progress between Washington and Tehran could yield an extended

Offshore Technology·May 29

CBI to Deliver Storage Tanks for Commonwealth LNG

Chicago Bridge & Iron (CB&I) has secured a major engineering, procurement, and construction contract to deliver five specialized storage tanks for the greenfiel

Rigzone·May 29

Bechtel in charge of EPC scope for Cheniere’s LNG terminal expansion project

Cheniere Energy Partners has officially awarded the engineering, procurement, and construction (EPC) contract to Bechtel for the planned Stage 5 expansion at th

Offshore Energy·May 29
May 29

Bechtel Bags EPC Contract for Sabine Pass LNG Expansion

May 29

Democrat Lawmakers Probe Sable Campaign to Restart Santa Ynez Oil Flows

May 29

Oil Prices Set to Slump 19% in May as Market Bets on U.S.-Iran Deal

May 29

Worley Rosenberg to produce 34 subsea structures for Equinor’s field

May 29

Baker Hughes lines up more North Sea oil & gas work with Equinor

May 29

Ceasefire Talks Trigger Massive Selloff in Crude Futures

May 29

Bolivia’s Austerity Shock Triggers Nationwide Revolt

May 29

Norway Lobbies to Persuade EU to Drop Arctic Drilling Ban

May 29

Shearwater supports TotalEnergies and partner with survey in Africa

May 29

The US/Israel-Iran conflict has fundamentally changed oil supply chains