News

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

OilPrice·May 14·1 min read

Chinese Tankers Resume Hormuz Transit Under Iran Coordination

Chinese crude tankers have restarted movements through the vital Strait of Hormuz under direct operational coordination with Iranian authorities, following high-level diplomatic alignment between the

How the Hormuz Crisis Is Threatening Taiwan’s Power Grid

Escalating geopolitical friction in the Strait of Hormuz has exposed structural vulnerabilities in Taiwan's power sector due to its heavy reliance on Middle Eas

OilPrice·May 14

Russia’s Oil Windfall Gets Bigger as Hormuz Stays Shut

Severe maritime disruptions around the Strait of Hormuz have driven up global benchmark crude prices, inadvertently delivering substantial fiscal windfalls to t

OilPrice·May 14

ADES’ 1982-built rig scoops up multimillion-dollar drilling gig in Nigerian waters

Saudi-headquartered offshore drilling contractor ADES Holding Company has secured a high-value offshore drilling contract in Nigerian waters utilizing a legacy

Offshore Energy·May 14

Delegates Say OPEC+ Has Plan to Complete Series of Quota Hikes

Key delegates within the OPEC+ coalition have signaled an intention to proceed with gradual increases to crude oil production quotas over the coming months. Thi

Rigzone·May 14
May 14

BP and SOCAR fortify energy ties

May 14

USA Crude Oil Stocks Drop More Than 4MM Barrels WoW

May 14

Worley and Baker Hughes embarking on integrated lower-carbon LNG quest

May 14

ENEOS to buy certain Chevron downstream assets in APAC for $2.2bn

May 14

Bill Seeks to Tax Windfall Oil Profits in US amid Iran War

May 14

Rig job for Southeast Asian development campaign goes to PV Drilling

May 14

JP Morgan Warns Oil Could Average $151 in Q4

May 14

Meren Books Hedging Losses

May 14

TotalEnergies, EGAS ink offshore exploration deal in Egypt

May 14

Malaysia Warns of Surge in Iranian Ship-to-Ship Oil Transfers