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

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OilPrice·Apr 7·1 min read

South Korea Scrambles to Secure Oil Beyond Hormuz

South Korea is actively seeking to diversify its crude oil supply sources, aiming to reduce reliance on shipments passing through the Strait of Hormuz. A senior official is visiting Oman, Kazakhstan,

Hunting gets $63.5 million of subsea orders for new development off Guyana

Hunting PLC, a London-based energy services provider, has secured $63.5 million in subsea orders for a new offshore development project in Guyana. This signifie

Offshore Energy·Apr 7

Iraq Prepares to Ramp Up Production After War Disruption

Iraq is poised to rapidly restore oil production and exports once the Strait of Hormuz reopens, according to a Basra Oil Company official. This indicates Iraq's

OilPrice·Apr 7

Oil Supply Shock Ripples Through Fertilizer, Plastics, and Tech

The article discusses how a hypothetical oil supply shock, specifically the closure of the Strait of Hormuz, would have cascading effects on various industries

OilPrice·Apr 6

Iraq Is Running Out of Time to Move Its Oil — And Every Option Is Dangerous

Iraq heavily relies on oil exports through the Strait of Hormuz for its budget, making it highly vulnerable to any disruptions in that waterway. The article sug

OilPrice·Apr 6
Apr 6

Somalia Set To Begin First Ever Offshore Oil Drilling In April

Apr 6

California’s Battery Boom Is Rewriting Power Markets

Apr 6

Crude Climbs On Escalation Fears

Apr 6

Oil Price Shocks Make Brazil Key to Energy Security in the Americas

Apr 6

Qatar's LNG Exports Still Frozen as Two Tankers U-Turn at Hormuz

Apr 6

Suspicious Oil Bets Before Trump’s Iran Announcement Under Scrutiny

Apr 6

Tamboran Touts Stimulation Results for Another Beetaloo Well

Apr 6

OPEC+ Decides to Boost Production in May

Apr 6

Buru CEO Quits on Health Reasons

Apr 6

Petrobras expands Valaris drillship’s stay in Brazil