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

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Offshore Energy·May 27·1 min read

Strait of Hormuz closure: Tight LNG markets, oil prices could soar to $200

An analytical assessment by energy consultancy Wood Mackenzie highlights that a potential closure of the Strait of Hormuz could trigger unprecedented turmoil in global energy markets. The disruption w

America’s Answer to China’s Lithium Stranglehold Is Hiding in the Permian Basin

U.S. energy technology firm LibertyStream is developing Direct Lithium Extraction (DLE) capabilities targeting oilfield brine across the prolific Permian Basin.

OilPrice·May 27

Haesong Offshore Wind signs supply chain agreements with LS Cable, LS Marine Solution, KEPCO E&C

South Korea's Haesong Offshore Wind has advanced its project execution strategy by signing preferred supplier agreements with domestic industrial powerhouses LS

Offshore Energy·May 27

Oil price spike spurs windfall tax proposals in Brazil, EU, US, and Australia

Crude oil benchmarks crossing the $100 per barrel threshold have reignited international political appetites for windfall profit taxes on upstream operators. An

Offshore Energy·May 27

Oil Prices Fall as Traders Bet on U.S.-Iran Deal

Global benchmark crude prices experienced a sharp decline of roughly 4% as speculative markets weighed potential diplomatic breakthroughs between Washington and

OilPrice·May 27
May 27

New episode: Glut or shortage – what lies ahead for LNG?

May 27

Eni, Baleine Partners Approve Phase 3 of Ivorian Project

May 27

NOG to acquire 25% Duvernay light oil stake for $253m

May 27

ADNOC Sends Another LNG Carrier Through Hormuz in “Dark Mode”

May 27

Russia Weighs Fuel Export Limits as Attacks Grow

May 27

French firm enters deal for bioenergy with CCS projects in Brazil

May 27

UK’s North Sea industry demands action on prioritizing domestic energy

May 27

Eidesvik’s 2004-built vessel staying on with Equinor until year-end

May 27

U.S. Sends Rare SPR Oil Cargo to Asia as Hormuz Crisis Reshapes Trade

May 27

Prosafe on the lookout for more vessel work to enrich its fleet’s backlog