News

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

Offshore Energy·Apr 21·1 min read

BP executive becomes OMV’s first female CEO

OMV, an Austria-based oil and gas company, has appointed Emma Delaney, formerly of BP, as its new CEO. This marks a significant milestone as Delaney becomes the first female CEO of OMV, a major player

Eni finds 5tcf of gas in Indonesia’s Kutei Basin

Eni has discovered approximately 5 trillion cubic feet (tcf) of gas in place with the Geliga-1 exploration well in the Ganal block, offshore Indonesia's Kutei B

Offshore Technology·Apr 21·ENI S.p.A.

Pakistan Is Now Paying a Record Premium for Fuel Imports

Pakistan is facing a significant increase in fuel import costs, now paying a record $34 per barrel premium due to supply constraints exacerbated by the conflict

OilPrice·Apr 21

Innovex expands with acquisition of 2013-founded US firm

Innovex International, formed in 2024 from the merger of Dril-Quip and an unnamed entity, is expanding through the acquisition of a US firm founded in 2013. Thi

Offshore Energy·Apr 21

U.S. Wants To Boost Energy Exports to India. It Will Be Tough.

The U.S. aims to increase its crude oil and natural gas exports to India, a highly import-dependent nation. However, the article suggests that achieving this go

OilPrice·Apr 21
Apr 20

Perfectly-Timed $1 Billion Wagers Tied To Iran War Raise Suspicion

Apr 20

Oil Is No Longer Trading Like a Market

Apr 20

Two Presidents, Two Decisions, Two Fuel Price Crises

Apr 20

Crude Surges On Renewed Hormuz Fears

Apr 20

Gas Prices Dip Below $4 Per Gallon While Oil Prices Reverse Downtrend

Apr 20

The U.S.-Iran Deal, The Deadline, and The $200 Per Barrel of Oil Question

Apr 20

Kuwait Declares Force Majeure as U.S. Seizure of Iranian Ship Escalates Tensions

Apr 20

North America Loses Rigs for 8 Straight Weeks

Apr 20

Huge gas discovery surfaces in Southeast Asian waters

Apr 20

Oil Contractors Face Profit Hits from War Fallout