News

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

Offshore Technology·Apr 28·1 min read

Camuzzi and Vitol sign MoU for LNG del Plata project in Argentina

Camuzzi Gas Inversora and Vitol have signed an MoU for the LNG del Plata project in Argentina. Vitol may purchase the entire output of the LNG facility and is considering taking an equity stake in the

Brent Tops $111 as Analysts Raise Forecasts on Hormuz Stalemate

Brent crude oil prices surpassed $111 per barrel due to the continued inaccessibility of the Strait of Hormuz for over eight weeks and stalled U.S.-Iran talks.

OilPrice·Apr 28

BP Profit More Than Doubles as War-Driven Oil Trading Surges

BP's Q1 profit more than doubled year-over-year, driven by higher oil prices and increased oil trading activity, particularly influenced by geopolitical instabi

OilPrice·Apr 28

China May Restart Fuel Exports as Domestic Stockpiles Surge

Chinese state refiners are reportedly seeking government approval to restart fuel exports due to a significant buildup of domestic stockpiles. This potential re

OilPrice·Apr 28

Ireland and Spain formalize plan to explore electricity interconnection

Ireland and Spain have signed a Memorandum of Understanding (MoU) to explore the possibility of an electricity interconnection. This aims to enhance energy secu

Offshore Energy·Apr 28
Apr 28

Petrobras widens its oil & gas footprint in Brazil’s Campos Basin

Apr 28

Shell to acquire Montney producer ARC Resources in $16.4bn deal

Apr 28

Equinor taps Swedish survey firm for multi-year pipeline inspection services

Apr 28

First LNG Tanker Breaks Hormuz Blockade

Apr 28

ADNOC Sets Sights on U.S. Gas With Multibillion-Dollar Expansion Plan

Apr 27

U.S. LNG Faces Limits Replacing Lost Qatari Supply

Apr 27

Warnings on Permanent Oil Demand Destruction Begin Pouring In

Apr 27

Iran Linked Oil Tankers Sail West After Boarding by USA

Apr 27

Why Energy ETFs Are Outperforming Oil & Gas Stocks

Apr 27

Iran Linked Oil Tankers Boarded by USA Are Reversing Course