News

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

Offshore Technology·May 14·1 min read

Sinopec wins approval for 235.7bcm Ziyang shale gas reserves

State-owned Sinopec has secured regulatory sign-off for roughly 235.7 billion cubic metres of certified geological shale gas reserves at the Ziyang Dongfeng block in China's prolific Sichuan Basin. Th

Cuba Runs Out of Diesel and Fuel Oil as Blackouts Worsen

Cuba's energy sector has reached a breaking point following official announcements that national reserves of fuel oil and diesel are completely exhausted. The i

OilPrice·May 14

BP acquires 40% stake in Uzbekistan’s Ustyurt blocks

British energy major BP has expanded its upstream footprint in Central Asia by acquiring a 40% participating interest in a Production Sharing Agreement covering

Offshore Technology·May 14

Big Oil’s offshore drilling plans spotlight West Africa’s deepwater hydrocarbon potential

Supermajors TotalEnergies and Chevron are advancing plans to launch new exploration and appraisal drilling campaigns in Nigeria's deepwater acreage, underscorin

Offshore Energy·May 14·Chevron CorporationTotalEnergies SE

Eneos Buys Chevron Oil Assets in APAC for $2.2B

Japanese downstream powerhouse Eneos Holdings has agreed to acquire Chevron's portfolio of refining and retail marketing assets across the Asia-Pacific region f

Rigzone·May 14·Chevron Corporation
May 14

Japan-Bound Oil Tanker Clears Strait of Hormuz Amid Iranian Crackdown

May 14

TotalEnergies Expands Mediterranean Exploration with Egypt Deal

May 14

Iberdrola Acquires Another Installed RE Plant in Italy

May 13

StanChart Warns Physical Oil Premium Collapse May Be Temporary

May 13

Big Oil Reconsiders Previously Unattractive Destinations

May 13

Senegal Targets $7.5B Gas Project to End Energy Subsidies

May 13

Oil Retreats After Inventory Data

May 13

China’s Invisible Hand Is Distorting Global Oil Markets

May 13

Middle East War Threatens Renewable Energy Rollout