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

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OilPrice·May 4·1 min read

ADNOC Accelerates $55 Billion Investment after UAE’s OPEC Exit

Abu Dhabi National Oil Company (ADNOC) is ramping up capital deployment by preparing up to $55 billion in contracts following the United Arab Emirates' reported departure from OPEC. Freed from quota c

Volume Down Revenue Up Iran’s Oil Trade Defies the War

Recent military escalations involving targeted strikes on Iranian territory have failed to dismantle Tehran's hydrocarbon export earnings, primarily due to soar

OilPrice·May 4

Oil Surges on Middle East Attacks

Global benchmark crude prices experienced a sharp upward spike following an escalation of military friction and targeted attacks on maritime shipping in the Per

Rigzone·May 4

Why the U.S. Is Pouring Billions Into Energy Projects in the Balkans

Washington is accelerating multi-billion-dollar investments into Western Balkan energy infrastructure to systematically counter lingering Russian gas dominance

OilPrice·May 4

Oil Surges to $114 Following Iranian Strikes on UAE Port

Global benchmark crude surged past $114 per barrel following military strikes by Iranian forces targeting port infrastructure within the United Arab Emirates. T

OilPrice·May 4
May 4

UAE Withdraws From OAPEC

May 4

Equinor Bets on New Wells to Offset Declining Fields

May 4

North America Goes Back to Losing Rigs

May 4

Oil prices increase as US-Iran negotiations remain unresolved

May 4

Norwegian CO2 transport and storage project gathers three industry majors

May 4

OPEC Report Shows Oil Demand Reached Over 105MMBpd in 2025

May 4

Eighth FPSO at Brazil’s giant deepwater field begins producing, four to go

May 4

Southeast Asia’s deepwater gas expansion faces ‘fragile economics’ challenge

May 4

EPA eases flaring rules for oil and gas sector beyond 2026 phase-out