News

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

OilPrice·May 25·1 min read

Sinopec Boosts China's Shale Oil Output

China Petroleum & Chemical Corporation (Sinopec) has achieved a significant operational milestone at its Jiyang shale project in Shandong province, surpassing 2 million tons of cumulative crude extrac

Beach Energy shelves well drilling ops, freeing $500M for higher-value projects

Australian operator Beach Energy has cancelled a planned offshore development well and its associated subsea tie-in to the Otway Gas Plant, releasing over $500

Offshore Energy·May 25

Australia Set to Include Existing LNG Deals in Gas Reservation Scheme

The Australian federal government has introduced a draft proposal to extend its Domestic Gas Reservation framework to cover legacy, pre-existing liquefied natur

OilPrice·May 25

Analysts Explain Oil Price Drop

Global crude oil benchmarks experienced downward pressure following market perceptions of de-escalating tensions between the United States and Iran over the wee

Rigzone·May 25

Subsea7 lands contract for Vår Energi’s Goliat Gas Export project

Subsea7 has been awarded a key subsea installation contract by operator Vår Energi to advance the Goliat Gas Export Project in the Norwegian Barents Sea. This e

Offshore Technology·May 25
May 25

Drilling ops with Transocean rig pushed forward: New operator taking the helm at Australian gas field

May 25

India Raises Fuel Prices for Fourth Time as Oil Crisis Hits Consumers

May 25

China Coking Coal Prices Surge After Deadly Shanxi Mine Blast

May 25

Gazprom Starts Production at Chona Fields in Eastern Siberia

May 25

Uniper to Resume Dividend Payments

May 25

Eni Secures LNG Offtake Deals for Indonesia Projects

May 25

Reach Subsea charters Solstad vessel for 2+1 Black Sea contract

May 25

More Tankers Make It Through the Strait of Hormuz

May 25

Qatar Quietly Ships LNG via Hormuz to Key Buyers

May 25

Oil Prices Plunge Below $100 on Iran Deal Optimism