News

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

OilPrice·May 22·1 min read

Volatility Spikes as Iran Diplomacy Collides With Hormuz Fears

Global benchmark crude experienced significant price swings as financial markets struggled to price conflicting signals regarding Persian Gulf supply security and potential diplomatic de-escalation be

EIR Says Qatari LNG Outage Will Shift Gas Market to Deficit

An unscheduled disruption in Qatari liquefied natural gas export infrastructure is projected to tip the global gas market into a structural deficit, according t

Rigzone·May 22

Oil Exerts Influence Well Beyond Energy Market

Crude oil dynamics are increasingly dictating broader macroeconomic trends, serving as a primary driver for global headline inflation and sovereign monetary pol

Rigzone·May 22

ExxonMobil tasks Weatherford with deepwater job in Nigerian waters

ExxonMobil subsidiary Esso Exploration & Production Nigeria Ltd. has contracted Weatherford International to deliver deepwater integrated completion services of

Offshore Energy·May 22·ExxonMobil

India Explores Alternative Energy Sources Amid Oil Supply Shock

Facing acute supply disruptions stemming from escalating geopolitical instability across the Middle East, the Indian government has initiated an accelerated tra

OilPrice·May 22
May 22

Wood wins design contract for Bul Hanine EPIC2 project

May 22

Matador acquires 5,154 net acres in Delaware Basin for $1.14bn

May 22

Hong Kong firm targets more green methanol from China

May 22

Barclays Warns of Upside Risk to Its $100 Oil Price Forecast for 2026

May 22

Ithaca Completes Acquisition in Shell Discovery, Farms Down Fotla

May 22

Eni pulls off LNG offtake hat trick in Southeast Asia

May 22

Equinor, Aker BP Agree Stakes Swap in North Sea, Barents Sea

May 22

Archer acquires Scottish firm to expand subsea and rigless P&A capabilities

May 22

Alberta Pushes Ahead With Separation Referendum Despite Court Challenge

May 22

Aker BP, Equinor sign NCS deal to boost production and value