News

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

Rigzone·Mar 23·1 min read

EIA Sees Oil Glut Tightening in Wake of Iran War

The EIA's March STEO projects a global oil supply surplus of 1.87 million barrels per day in 2026. This indicates a potential easing of current supply constraints and could influence future oil prices

QatarEnergy: Missile attacks spur $20 billion loss with drop in LNG exports

QatarEnergy has confirmed a reduction in its LNG production capacity due to recent missile attacks on its facilities, resulting in an estimated $20 billion loss

Offshore Energy·Mar 23·Qatar Energy

$4 billion LNG lawsuit going ahead as arbitration starts

Sinolam International, an investment company, is proceeding with a $4 billion lawsuit related to Panama's LNG-to-power market through international arbitration.

Offshore Energy·Mar 23

India to significantly contribute global polyolefins capacity additions through 2030

India is projected to substantially increase its polyolefins production capacity by 2030. This expansion is driven by a surge in domestic demand for these polym

Offshore Technology·Mar 23

Taiwanese wave energy project secures land lease

Eco Wave Power has secured a land lease for its 100 kW onshore wave energy pilot project in Taiwan. This marks a significant step forward for wave energy techno

Offshore Energy·Mar 23
Mar 23

Aker BP and Armada bring offshore modular data center to Norwegian drilling scene

Mar 23

Forte Energy emerges as highest bidder for two Alaska leases

Mar 23

Fresh LNG gig in Africa lands on Spanish player’s worksheet

Mar 23

Glenfarne subsidiary confirms Kiewit for Texas LNG module work

Mar 23

Two more wells in Brazilian waters coming online soon

Mar 23

Low-carbon hydrogen sector faces challenges meeting ambitious capacity targets

Mar 23

BP and ADNOC’s JV ready to kick off Mediterranean gas hunt with Valaris rig

Mar 23

TGS wraps up three-year GeoStreamer X campaign off Norway

Mar 23

Cyprus dams record second-best March inflow in a decade after days of heavy rain

Mar 23

Oil prices fluctuate amid Hormuz crisis and speculation over Iran sanctions