News

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

OilPrice·May 21·1 min read

ADNOC Warns Gulf Oil Disruptions Could Last Until 2027

Abu Dhabi National Oil Company (ADNOC) leadership has issued a cautionary outlook suggesting that structural operational and geopolitical disruptions across Persian Gulf oil infrastructure could persi

Exxon, QatarEnergy sign MoU with Egypt to study Cyprus gas development

ExxonMobil and QatarEnergy have entered into a preliminary agreement with Egyptian state authorities to evaluate commercialization pathways for natural gas disc

Seeking Alpha Energy·May 21·ExxonMobilqatar-petroleum

Oil Near $100 Seen as Base Case for 2026

Crude market sentiment is shifting toward a structural upper ceiling near the $100 per barrel mark looking ahead to 2026. This outlook reflects expectations tha

Rigzone·May 21

Borr Drilling’s CEO: Middle East conflict brings uncertainty but empowers long-term rig outlook

Offshore shallow-water contractor Borr Drilling has expanded its commercial footprint with 13 new contract awards year-to-date, capturing $274 million in firm r

Offshore Energy·May 21

BP Enters 3 New Indonesian Blocks

BP has expanded its upstream footprint in Indonesia by securing three new offshore exploration blocks, targeting significant gas resources to support its existi

Rigzone·May 21
May 21

US oil and gas lease sale in New Mexico and Texas raises more than $4bn

May 21

Offtake talks move forward for Southeast Asia’s $20 billion LNG project

May 21

Major breakthrough for Cyprus’ energy sector

May 21

BP, Inpex, CNOOC, and LNG Japan enrich oil & gas arsenal with new Southeast Asian blocks

May 21

QatarEnergy, ExxonMobil Explore Cyprus Gas Exports via Egypt’s Infrastructure

May 21

What Happens to Oil if Iran Permanently Taxes Hormuz Traffic?

May 21

When rising demand meets interrupted supply: how likely is an LNG glut?

May 21

From HAZOP to immersive risk simulation: how VR will improve safety in oil and gas

May 21

Ammonia-fueled two-stroke engine passes second FAT

May 21

Brent, WTI gain after Iran talks uncertainty and US inventory drop