News

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

OilPrice·Apr 24·1 min read

Trump Extends Jones Act Shipping Waiver Through August

The White House has extended a Jones Act waiver for 90 days, allowing foreign-flagged vessels to continue transporting crude oil, fuels, and fertilizer between U.S. ports until mid-August. This extens

Helix, Hornbeck sign all-stock deal to form integrated offshore group

Helix Energy and Hornbeck Offshore have agreed to an all-stock merger, creating a larger, integrated offshore services provider. This consolidation aims to enha

Offshore Technology·Apr 24

Argentina’s FSRU lines up LNG cargo from Naturgy

Argentina's second FSRU is receiving a new LNG cargo from Naturgy Aprovisionamientos. This indicates continued reliance on LNG imports to meet Argentina's energ

Offshore Energy·Apr 24

Oil climbs 2% on fears of fresh hostilities in Middle East

Oil prices increased by approximately 2% on April 24th due to heightened concerns about renewed conflict in the Middle East. Brent crude futures rose to $107.25

Offshore Technology·Apr 24

Why the U.S. Naval Blockade Has Not Broken Iran

The article discusses the impact of the U.S. naval blockade on Iran's oil exports and economy. While the blockade has significantly reduced Iranian oil exports

OilPrice·Apr 24
Apr 24

Inside Iran’s Fragmented Power Structure

Apr 24

French firm gets more work with Samsung Heavy Industries for LNG vessel pair

Apr 24

Hydrogen-fueled AUV breaks range expectations with 2,000-kilometer subsea run

Apr 24

EU’s 20th sanctions batch tightens grip on Russia’s oil, gas, LNG and shadow fleet spheres with 632 vessels blacklisted

Apr 24

Ecopetrol signs SPA for 26% stake in Brava Energia

Apr 24

Pakistan Turns to Russia and Venezuela as Middle East Oil Supplies Shrink

Apr 24

Texas company to start archaeological survey for US East Coast offshore wind project

Apr 24

Ecopetrol widens presence on Brazil’s oil & gas scene with stake in Brava Energia

Apr 24

Santos reports $1.27bn revenue and 3% rise in production in Q1 2026

Apr 24

Brent Tops $106 as Iran Tensions Escalate