News

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

Rigzone·May 22·1 min read

First Oil Tanker to Exit Hormuz since War Expected in Japan

The successful passage and scheduled arrival of the first crude cargo navigating the Strait of Hormuz since the onset of hostilities involving Iran marks a crucial operational test for Asian energy se

New investor dishes millions to join EIG’s LNG arm

The Arab Energy Fund (TAEF) has acquired a strategic minority stake in MidOcean Energy, expanding the institutional backing for EIG Global Energy Partners' glob

Offshore Energy·May 22

Viridien starts multi-client OBN survey in Central North Sea

French geoscience and technology firm Viridien, formerly known as CGG, has mobilized to initiate a new multi-client Ocean Bottom Node (OBN) seismic acquisition

Offshore Energy·May 22

Shell Returns to Dutch Supreme Court in Landmark Climate Case

Shell is once again facing legal scrutiny in the Dutch Supreme Court as climate activists appeal a previous ruling that overturned mandatory emission reduction

OilPrice·May 22·Shell plc

Oil Prices Rise as Traders Grow Skeptical of U.S.-Iran Deal

Global benchmark crude prices climbed past $104 per barrel as market participants priced out the near-term probability of a diplomatic breakthrough between Wash

OilPrice·May 22
May 22

Why Saudi Arabia Is Losing Asia’s Oil Buyers

May 21

Brazil’s Lula Doubles Down On Oil And Rare Earths As Brazil’s Strategic Future

May 21

Why Oil’s Supply Crunch Could Arrive Late

May 21

Egypt: Petroleum Ministry signs natural gas cooperation deal with ExxonMobil, QatarEnergy

May 21

Conoco Says Venezuela Bid to Woo Oil Firms Falls Short

May 21

U.S. Shale Opens the Taps — Carefully

May 21

UK Adds New Tax Pressure as Energy Security Concerns Grow

May 21

Crude Closes Down for Third Day

May 21

Norway’s Oil Industry Is Learning How To Produce More With Less

May 21

Oil Could Enter Red Zone by July/August: IEA