News

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

OilPrice·Mar 26·1 min read

Ukraine Knocks Out 40% of Russia's Oil Export Capacity in Baltic Drone Strike

Ukraine has reportedly disabled approximately 40% of Russia's oil export capacity in the Baltic Sea through drone strikes targeting key export infrastructure. This disruption forces Russia to reroute

Fuel prices jump by ‘largest amount in three years’

Cyprus experienced its most significant single-day increase in consumer fuel prices in three years on Thursday, a direct consequence of escalating geopolitical

Cyprus Mail·Mar 26

Biggest fuel price jump in three years hits Cyprus today

Cyprus experienced its most significant single-day surge in domestic fuel prices in three years, with petrol, diesel, and heating oil all seeing notable increas

In-Cyprus·Mar 26

Ukraine Says It Attacked Russia's Kirishi Refinery

Ukraine claims to have successfully attacked the Kirishi oil refinery in Russia's Leningrad region. This refinery is a significant export-oriented facility, mak

Rigzone·Mar 26

Oil and gas contracts activity drops in 2025

Global oil and gas contract activity experienced a 12% decline in 2025, falling from 6,993 contracts in 2024 to 6,188. This decrease signals a potential slowdow

Offshore Technology·Mar 26
Mar 26

Petrobras augments oil arsenal as it strikes black gold in Brazilian waters

Mar 26

Another Japanese firm invests millions into EIG’s LNG business

Mar 26

Condor finds deep-water turbidite reservoir systems at TEA-86 in Peru

Mar 26

Golar LNG launches strategic review to advance FLNG growth plans

Mar 26

Woodside delays lower-carbon ammonia production from recently taken-over facility

Mar 26

Kawasaki and JFE Engineering pick up work on Japanese LNG project

Mar 26

What Does the Oil Futures Curve Show?

Mar 26

CNOOC Ltd Achieves New Production Record

Mar 26

New Asian block expands UAE oil & gas player’s Andaman Sea footprint

Mar 26

DNV’s new recommended practice focuses on hydrogen-specific risks in offshore pipelines