News

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

OilPrice·Apr 28·1 min read

Germany Scrambles for Polish Oil Route as Russia Halts Druzhba Flows

Moscow's decision to suspend Kazakh crude transit via the northern Druzhba pipeline starting May 1 poses a direct operational threat to Germany's PCK Schwedt refinery, jeopardizing around 43,000 barre

Higher Oil Prices Lift Sinopec Profit 28% in First Quarter

China Petroleum & Chemical Corporation delivered a 28% year-on-year surge in first-quarter profitability, propelled by upward momentum in international crude be

OilPrice·Apr 28

Iran Reactivates Derelict Tanker as Kharg Island Nears Storage Limit

Mounting sanctions pressure has pushed Iran to recommission aging and inactive crude carriers to serve as floating offshore storage units. With onshore terminal

OilPrice·Apr 28

The Ever-Expanding Legal Battle Over Enbridge's Line 5 Pipeline

Enbridge is navigating escalating, multi-front litigation across Michigan and Wisconsin that threatens the long-term operational viability of its critical Line

OilPrice·Apr 28

Trump Cancels More Wind Leases

In an aggressive pivot back to traditional hydrocarbons, the Trump administration has brokered agreements with two offshore wind leaseholders to forfeit their a

Rigzone·Apr 28
Apr 28

USA Oil, Gas Workforce Shrinks in 7 of Last 10 Years

Apr 28

Phillips 66 Now Owns Lindsey Refinery

Apr 28

Seatrium Seals Tugboat Fleet Divestment

Apr 28

Mongolia approves Jade Gas appraisal report for TTCBM project

Apr 28

Greenland Energy signs Halliburton for Jameson Land Basin drilling

Apr 28

BP More Than Doubles Profit on 'Exceptional' Oil Trading

Apr 28

Shell to Buy ARC in $16B Deal

Apr 28

Market Correctly Pricing in Ongoing Supply Risks

Apr 28

Finder Energy mobilises resources to fast-track KTJ oil project

Apr 28

Camuzzi and Vitol sign MoU for LNG del Plata project in Argentina