News

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

Rigzone·Apr 27·1 min read

Oil Rises as Iran Talks Stall

Oil prices increased due to stalled Iran nuclear talks, exacerbating existing geopolitical tensions and tightening the oil supply outlook. The lack of progress in negotiations raises concerns about Ir

Germany Signals Major Allied Rupture Over U.S. Iran War

Germany has publicly warned the U.S. against escalating tensions with Iran, signaling a potential rift in Western alliances. This divergence in foreign policy c

OilPrice·Apr 27

Shell Bets $16.4 Billion On Canadian Gas In Major LNG Growth Push

Shell is acquiring ARC Resources in a $16.4 billion deal, significantly increasing its natural gas production in Canada. This acquisition signals Shell's strong

OilPrice·Apr 27·Shell plc

Efforts to cut worldwide emissions likely to miss interim goals, says GlobalData poll

A GlobalData poll indicates that current global efforts to reduce greenhouse gas emissions are unlikely to meet the IPCC's interim target of a 45% reduction by

Offshore Technology·Apr 27

North America Breaks Rig Loss Streak

North America's rig count increased by one in the latest week, ending a period of consecutive rig losses. This slight increase suggests a potential stabilizatio

Rigzone·Apr 27
Apr 27

Eni Raises Share Buyback Plan to $3.3B

Apr 27

BP Emerges as Top Big Oil Stock During Iran War

Apr 27

Shell enriches gas business with $16.4 billion ARC Resources takeover

Apr 27

Crude climbs 3% as Strait of Hormuz restrictions continue

Apr 27

Archer lands three-year wireline extension on NCS from Equinor

Apr 27

Stillstrom unveils new standalone monopile-based offshore charging tech

Apr 27

North Sea oil & gas seen as linchpin of UK’s energy security and net zero transition

Apr 27

Mermaid Maritime continues global expansion with joint venture in Brunei

Apr 27

Why employers require BOSIET before offshore deployment

Apr 27

Most Oil Execs See USA Oil Output Increasing Due to War