News

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

Rigzone·Apr 30·1 min read

OPEC+ Delegates Expect Another Symbolic Supply Hike

OPEC+ delegates signal the alliance will maintain its course of nominal, incremental crude supply increases for June, resisting political pressure from major consuming nations for aggressive volume hi

US court sends $4 billion LNG legal battle back to Virginia state court

Singapore-based investor Sinolam International has secured a procedural victory as its $4 billion dispute against global power firm AES Corporation was remanded

Offshore Energy·Apr 30

Brent reverses from 2022 high as Strait of Hormuz remains shut

Crude benchmarks experienced intense volatility on 30 April as Brent touched multi-year highs near $126 per barrel before retreating, illustrating acute market

Offshore Technology·Apr 30

USA Crude Oil Inventories Drop More Than 6MM Barrels WoW

Commercial crude inventories in the United States recorded a sharp contraction of over 6 million barrels week-on-week, according to official Energy Information

Rigzone·Apr 30

BP signs MoU with Venezuela for Cocuina-Manakin gas project

BP has entered into a preliminary agreement with Venezuelan authorities to advance the cross-border Cocuina-Manakin offshore natural gas discovery straddling Tr

Offshore Technology·Apr 30
Apr 30

Re-entry into Asian LNG project bolsters Eneos’ energy bonds with Petronas

Apr 30

CNOOC Ltd Logs Higher Q1 Profit

Apr 30

Converter station built, offshore cable installation underway in France for interconnector to Ireland

Apr 30

Top 20 themes shaping the oil and gas industry in 2026

Apr 30

US gas producer pens 20-year offtake with LNG project in Louisiana

Apr 30

Could This be the Beginning of the End for OPEC?

Apr 30

Obtaining production right for offshore block key to oil & gas firm’s South African expansion

Apr 30

Second Maersk Tankers vessel fitted with Spain-made suction sails

Apr 30

Eni Cyprus offers two scholarships for postgraduate studies in Italy

Apr 30

JHI’s shareholders’ approval next on the agenda to back Eco takeover