News

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

OilPrice·Apr 28·1 min read

Brent Tops $111 as Analysts Raise Forecasts on Hormuz Stalemate

Global benchmark Brent crude has breached the $111 per barrel threshold as a protracted, two-month operational paralysis in the Strait of Hormuz severely constrains maritime energy flows. The sustaine

BP Profit More Than Doubles as War-Driven Oil Trading Surges

British energy giant BP has opened the first-quarter earnings cycle for integrated supermajors by reporting net income that more than doubled compared to the pr

OilPrice·Apr 28

China May Restart Fuel Exports as Domestic Stockpiles Surge

Chinese state-owned refining powerhouses are seeking regulatory clearance to resume refined product exports next month in response to saturated domestic fuel in

OilPrice·Apr 28

Ireland and Spain formalize plan to explore electricity interconnection

Ireland and Spain have established an intergovernmental memorandum of understanding to assess the technical and economic viability of a direct subsea electricit

Offshore Energy·Apr 28

Petrobras widens its oil & gas footprint in Brazil’s Campos Basin

Brazilian national oil company Petrobras is consolidating its equity across legacy offshore assets by moving to take full ownership of a specific section within

Offshore Energy·Apr 28·Shell plc
Apr 28

Shell to acquire Montney producer ARC Resources in $16.4bn deal

Apr 28

Equinor taps Swedish survey firm for multi-year pipeline inspection services

Apr 28

First LNG Tanker Breaks Hormuz Blockade

Apr 28

ADNOC Sets Sights on U.S. Gas With Multibillion-Dollar Expansion Plan

Apr 27

U.S. LNG Faces Limits Replacing Lost Qatari Supply

Apr 27

Warnings on Permanent Oil Demand Destruction Begin Pouring In

Apr 27

Iran Linked Oil Tankers Sail West After Boarding by USA

Apr 27

Why Energy ETFs Are Outperforming Oil & Gas Stocks

Apr 27

Iran Linked Oil Tankers Boarded by USA Are Reversing Course

Apr 27

Oil Rises as Iran Talks Stall