News

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

Offshore Technology·Apr 15·1 min read

Trillion Energy discovers light oil at Çetinkaya-1 in Türkiye

Trillion Energy has announced a light oil discovery at the Çetinkaya-1 (C-1) well in southeast Türkiye. This discovery signals a potential shift towards increased oil exploration activities by the com

Canadian Oil Companies to Hold Back Investment Despite Windfall Profits

Canadian oil and gas companies anticipate significant profit increases due to the Middle East conflict-induced supply constraints but plan to prioritize shareho

OilPrice·Apr 15

The Rare Earth Trap: How China Outmaneuvered the Entire Western Defense Industry

The article discusses China's dominance in rare earth element (REE) processing and its implications for Western defense industries. It argues that Western natio

OilPrice·Apr 15

US Crude Oil Inventories Still Booming Despite Global Shortage Fears

US crude oil inventories unexpectedly rose by 6.1 million barrels in the week ending April 10, according to API estimates, significantly exceeding analysts' exp

OilPrice·Apr 14

Meloni Says It's 'Too Early' to Tap Russian Gas

Italian Premier Giorgia Meloni stated that it is currently premature to consider utilizing Russian gas supplies. This decision reflects Italy's ongoing efforts

Rigzone·Apr 14
Apr 14

France to Double Electrification Spending to €10 Billion by 2030

Apr 14

Crude Tumbles on Ceasefire Progress

Apr 14

$1B Bet On Falling Oil Prices Pre-Ceasefire Now Under Investigation

Apr 14

IEA Chief Issues Stark Warning on Oil Prices

Apr 14

Paper Oil Blinks While Physical Supply Tightens

Apr 14

Oil and gas buyer’s guide for private cellular networks

Apr 14

Strategic readiness assessment

Apr 14

Dolphin Drilling’s 1977-built rig gets hold of new multi-year gig

Apr 14

Eni Announces 2 Tcf Gas Find Offshore Egypt

Apr 14

Iran Weighs Pausing Hormuz Shipping