News

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

Rigzone·May 12·1 min read

Uniper Flexes Diversified Procurement Portfolio as Profit Rises

German utility giant Uniper has reported an increase in earnings underpinned by the structural re-engineering of its natural gas and liquefied natural gas (LNG) supply contracts. Following its near-co

NOC ends Trasta Energy partnership, retakes control of Ras Lanuf

Libya's National Oil Corporation has formally dissolved its joint venture with UAE-based Trasta Energy, reclaiming complete sovereign control over the strategic

Offshore Technology·May 12

DoE awards contracts to exchange 53.3mbbl oil from SPR

The United States Department of Energy has concluded exchange agreements to release approximately 53.3 million barrels of crude oil from the Strategic Petroleum

Offshore Technology·May 12

Shell Moves to Exit French Fuel Retail Market in Strategic Pivot

Shell has formally initiated the divestment of its remaining retail fuel footprint in France, comprising roughly 60 motorway and expressway service stations, ta

OilPrice·May 12·Shell plc

ADNOC Gas Logs Lower Profit as War Hits Deliveries

State-backed ADNOC Gas experienced a 15 percent contraction in first-quarter net earnings, securing $1.08 billion amid geopolitical tensions that constrained ke

Rigzone·May 12
May 12

China’s LNG Imports Rebound From Eight-Year Low

May 12

China LNG Imports Signal Recovery

May 12

China’s Teapot Refiners Slash Output as Hormuz Crisis Crushes Margins

May 12

Oil Prices Rise as U.S.-Iran Peace Hopes Fade

May 11

After Squandering $25B In Refinery Overhauls, Nigeria Turns To Chinese Firms

May 11

Aramco Sees Slow Oil Market Recovery after Shock Supply Loss

May 11

Oil Jumps as Hormuz Crisis Deepens

May 11

IEA: Portugal Energy Poverty Above EU Average, Despite Renewable Boom

May 11

Reuters Survey Shows OPEC Oil Output At 26-Year Low Amid Iran War

May 11

Trump-Xi Talks Set to Tackle Iran Oil Lifeline, Strait of Hormuz and U.S. Energy