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

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OilPrice·Apr 22·1 min read

Iran’s Covert Oil Trade Persists Despite U.S. Blockade

Iran is reportedly circumventing U.S. sanctions by exporting crude oil via the Strait of Hormuz using tankers operating in "dark mode" to avoid detection. This suggests Iran is finding ways to maintai

ExxonMobil reaffirms trust in Saipem with eighth contract offshore Guyana

ExxonMobil has awarded Saipem its eighth contract for offshore work in Guyana, signaling continued confidence in Saipem's capabilities and ExxonMobil's ongoing

Offshore Energy·Apr 22·ExxonMobil

Trump Extends Iran Ceasefire Until Talks Conclude “One Way or the Other”

President Trump has extended the U.S.-Iran ceasefire, reportedly at the request of Pakistan, until negotiations with Iran conclude. This extension, announced vi

OilPrice·Apr 22

Iraq Turns to Risky Overland Routes as Oil Exports Collapse

Iraq is facing a significant oil export crisis due to disruptions in tanker traffic through the Strait of Hormuz. The country is reportedly exploring riskier ov

OilPrice·Apr 22

Texas Power Demand Could Quadruple by 2032, ERCOT Warns

ERCOT projects a massive surge in Texas power demand by 2032, potentially quadrupling due to data centers and large industrial loads. This forecast highlights t

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