News

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

Rigzone·May 1·1 min read

Trump Reacts to UAE OPEC Withdrawal

U.S. President Donald Trump has publicly addressed the prospect of the United Arab Emirates reassessing or withdrawing from its OPEC membership, highlighting shifting dynamics within the producer cart

Recently established green methanol collaboration broadens its scope

Hong Kong-based clean fuels trader Venture Energy Limited has expanded the scope of its strategic green methanol alliance to accelerate supply-chain development

Offshore Energy·May 1

Iran Tensions Send WTI Crude Surging Above $105

Escalating geopolitical frictions involving Iran have triggered an aggressive surge in benchmark crude, propelling West Texas Intermediate past the critical psy

OilPrice·May 1

Iran Warns of $140 Oil as Trump Holds Hormuz Blockade

Tehran has escalated its geopolitical rhetoric by warning that crude oil prices could reach $140 per barrel if U.S. naval pressure around the Strait of Hormuz c

OilPrice·May 1

Probe into offshore rig incident uncovers serious breaches

Norway's offshore safety watchdog has issued a formal regulatory order to Odfjell Drilling following an investigation into a serious personal injury on the Norw

Offshore Energy·May 1
May 1

Inventories Acting as Shock Absorber of Global Oil System

May 1

ENEOS to Re-Enter Malaysian LNG Project with 10 Percent Stake

May 1

Norwegian firm pulls off hat trick for rigs working in Europe

May 1

SIA lands EPCI deal for ExxonMobil’s Angola Block 15 project

May 1

Skadden, Kirkland & Ellis lead Q1 2026 O&G legal adviser rankings

May 1

Subsea7, OneSubsea take on multimillion-dollar job at ExxonMobil’s Angolan oil project

May 1

TotalEnergies Extends Fuel Price Cap in France as Middle East Crisis Drags On

May 1

Higher oil prices put $80 billion more on Australia’s tax horizon

May 1

DNV’s scope at UK’s first offshore CCS project expands with independent certifier role

May 1

Green light for wellhead removal ops at Australian oil field