News

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

OilPrice·May 27·1 min read

Europe’s Arctic Oil Dilemma Deepens as Supply Fears Grow

A coalition of twelve Scandinavian financial institutions has formally petitioned the European Commission to maintain its strict ban on Arctic hydrocarbon exploration, pushing back against mounting po

Alaska’s Oil Revival Gains Momentum

Global energy security pressures stemming from Middle East geopolitical volatility have prompted international oil companies to reassess Alaska's upstream hydro

OilPrice·May 26

India Turns to Russia, Brazil, and Venezuela for Crude

India is systematically recalibrating its crude procurement strategy by expanding long-haul imports from non-traditional suppliers, including Russia, Brazil, an

OilPrice·May 26

Brent Jumps on Renewed Iran Clash

Global benchmark Brent crude experienced an immediate upward price correction following fresh military and political confrontations between the United States an

Rigzone·May 26

A Searing Asian Summer Will Add to Risk of Surging Gas Prices

Meteorological projections indicating severe heatwaves across Asia, intensified by the El Niño phenomenon, threaten to spark an unseasonal spike in global lique

Rigzone·May 26
May 26

U.S. Natural Gas Prices Surge On Lower Output, Higher LNG Flows

May 26

How U.S. Control of Venezuelan Oil Is Reshaping Asian Energy

May 26

Ukraine Cuts Gas Storage Rates To Encourage Domestic Buildup Ahead Of Winter

May 26

More work with Petrobras on Baker Hughes’ oil & gas scope in Brazilian waters

May 26

DOI Bags Over $4B from Texas, New Mexico Lease Sale

May 26

QatarEnergy prolongs force majeure, Edison’s total affected LNG cargoes reach 17

May 26

BP Fires Chair Over Conduct, Governance

May 26

Oil prices climb 3% amid US strikes deepening Iran war uncertainty

May 26

BP removes Albert Manifold as chair citing governance concerns

May 26

ABS endorses SBM Offshore’s Shell-backed FPSO deepwater cooling tech