News

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

Rigzone·May 27·1 min read

BP Chair Says He Was Fired Without Explanation

The public disclosure by BP's former leadership regarding an abrupt and unexplained dismissal highlights escalating governance tensions at the top of the British energy major. This high-level rift eme

Middle East Crisis Accelerates U.S.-Thailand LNG Supply Talks

Severe disruption to Middle Eastern LNG transit routes through the Strait of Hormuz has forced Asian importers to aggressively pivot toward alternative, geopoli

OilPrice·May 27

Oil Settles Below $89 On Deal Hopes

Crude oil benchmarks retreated below the key $89 per barrel threshold as financial markets priced in the possibility of a diplomatic breakthrough between Washin

Rigzone·May 27

Can Armenia Break Free From Russia’s Orbit?

Armenia is accelerating diplomatic and strategic efforts to pivot away from Moscow toward Western partners ahead of critical domestic elections. High-level enga

OilPrice·May 27

Strategists Predict Week on Week USA Crude Stock Drop

Financial services group Macquarie has projected a week-on-week decline in United States commercial crude oil inventories for the reporting period ending May 22

Rigzone·May 27
May 27

Hafnia Posts Higher Q1 Profit

May 27

Republican Hardliner Beats Incumbent Texas Oil Regulator in Runoff Vote

May 27

Afentra to operate KON4 block in Angola’s Kwanza basin

May 27

RWE to carry out pre-installation survey at Vanguard West OWF site

May 27

China's CNOOC Starts Production at Bohai Sea Oilfield

May 27

Digitalization, AI in Upstream Oil, Gas is '$500B Opportunity'

May 27

Cyprus petroleum sales fall amid fuel price pressures

May 27

U.K. Energy Bills to Jump 13% as Gas Shock Hits Households

May 27

Impact Oil & Gas to split Namibia and South Africa portfolios

May 27

Baker Hughes secures expanded Santos Basin contract