News

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

Rigzone·May 12·1 min read

Petrobras Misses Estimates

Brazilian state-backed energy giant Petrobras missed quarterly earnings projections after insulating domestic consumers from international fuel price spikes. By absorbing higher procurement and refini

Trump Floats Federal Gas Tax Holiday as Pump Prices Surge

The Trump administration is floating a temporary suspension of the federal fuel excise duty to mitigate the political fallout of escalating retail energy costs.

OilPrice·May 12

EIA Gives Oil Traders a New Way to Panic About Hormuz

The U.S. Energy Information Administration is launching a new quarterly report monitoring global strategic petroleum reserves and critical maritime energy choke

OilPrice·May 12

TotalEnergies, QatarEnergy, ConocoPhillips Ink MOU to Review Offshore Syria

In a surprising upstream maneuver, a heavyweight consortium comprising TotalEnergies, QatarEnergy, and ConocoPhillips has entered into a preliminary pact with t

Offshore Engineer·May 12·Block 3qatar-petroleum

New episode: OTC 2026 – Insights from the ground

Industry coverage from the Offshore Technology Conference (OTC) highlights emerging technological priorities and operational strategies across deepwater and fro

Offshore Technology·May 12
May 12

USA Oil, Gas Workforce Hits Lowest Level Since 2022

May 12

Petronas Inks 20-Year Charter Deal for 5 LNG Carriers

May 12

TotalEnergies, ConocoPhillips, QatarEnergy sign deal for offshore exploration block in Syria

May 12

TotalEnergies, QatarEnergy, ConocoPhillips, and and SPC pool resources for Mediterranean oil & gas search

May 12

PNG LNG Partners Approve New Upstream Development

May 12

QatarEnergy, TotalEnergies and ConocoPhillips Team Up on Syria Offshore Block

May 12

Another USA Gasoline Price Surge Could be Coming

May 12

Bavaria backs hydrogen‑ready gas plant at Zolling Energy Park

May 12

ADNOC Gas Targets 80% Habshan Recovery by End-2026

May 12

Uniper Flexes Diversified Procurement Portfolio as Profit Rises