News

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

Rigzone·Jun 30·1 min read

Eni Adds Gas Production Capacity in Libya

Eni and Libya's National Oil Corporation have successfully commissioned a major gas compression project at the offshore Bahr Essalam field, aimed at sustaining and increasing production capacity. This

Trump Pressures Gas Stations to Slash Prices "Immediately"

US President Donald Trump has publicly demanded that domestic fuel retailers immediately lower retail gasoline prices, citing a disconnect between current pump

OilPrice·Jun 30

The Next Oil Rally Could Be Driven by Stockpile Buying

A major shift in global oil market dynamics is underway as nations increasingly prioritize strategic stockpile accumulation over just-in-time inventory manageme

OilPrice·Jun 29

Ukraine's Refinery Strikes Push Russia Into a Fuel Crisis

The Kremlin's admission of domestic fuel shortages marks a critical turning point in the Russia-Ukraine conflict, demonstrating that asymmetric drone warfare is

OilPrice·Jun 29

Oil Rises as Peace Talks Resume

Crude oil prices experienced upward pressure as market participants reacted to the delicate balance between potential US-Iran diplomatic breakthroughs and ongoi

Rigzone·Jun 29
Jun 29

ADNOC,  Eni Acquire Stakes In Gas Blocks Linked To Argentina’s LNG Project

Jun 29

The AI Power Boom Is Reopening the Public Utility Debate

Jun 29

Russia Adds New Vessel To Dark Fleet Amid Arctic 2 LNG Ramp Up

Jun 29

ING: Oil Prices Have Overshot To The Downside

Jun 29

Is Libya Quietly Becoming the Biggest Oil Prize the West Can’t Afford to Ignore?

Jun 29

Pakistan Urgently Seeks LNG

Jun 29

North America Rig Count Rises for 8 Straight Weeks

Jun 29

Gas boost offshore Libya as Eni and NOC’s project comes online

Jun 29

Hormuz Continues to See Traffic despite Fresh Concerns

Jun 29

PTO module assembly starts for BiMEP-destined wave energy unit ahead of October deployment