News

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

Offshore Technology·May 18·1 min read

Santos starts oil output at Alaska’s Pikka project

Australian operator Santos has achieved first oil at Phase 1 of its major Pikka development situated on Alaska's North Slope, introducing an initial gross output of 20,000 barrels per day. The project

China’s Coal Output Slips as Imports Extend Decline

China recorded a slight decline in domestic coal extraction during April alongside weakening import volumes, reversing momentum after reaching record-setting pr

OilPrice·May 18

GeoXYZ getting ready for surveys at proposed Northern Ireland-Scotland interconnector

Belgian seabed survey specialist GeoXYZ has secured a contract to execute unexploded ordnance (UXO) detection and geotechnical campaigns for a proposed subsea e

Offshore Energy·May 18

The Middle East Oil Crisis Has Already Cost Global Businesses $25 Billion

Escalating military conflict across the Middle East has inflicted a direct financial toll exceeding $25 billion on multinational corporations, driven by supply

OilPrice·May 18

Brent Breaks $111 as Oil Markets Brace for Shortages

Global benchmark Brent crude surged past $111 per barrel in Asian trading following coordinated drone strikes targeting energy and infrastructure hubs in Saudi

OilPrice·May 18
May 17

Oil Shortage Scenario Looms Large

May 17

U.S. Upstream Mergers Hit $38B As M&A Rebounds

May 17

Clean Energy’s Dirty Secret Lies in Critical Mineral Extraction

May 17

Brazil Tops Shell Payments to Governments in 2025

May 16

Big Oil Rushes Into Argentina’s Vaca Muerta Shale

May 16

Turkey and Armenia Move Closer to Historic Normalization Deal

May 16

The Fertilizer Shock That Could Trigger a Global Food Crisis

May 16

Sheinbaum Taps Pemex CFO to Run Mexico Oil Giant

May 15

Oil Surges as Supply Risks Deepen

May 15

Canada Clears Path for West Coast Oil Pipeline Build