News

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

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OilPrice·Mar 13·1 min read

Iran’s All-or-Nothing Game in the Strait of Hormuz

Global crude benchmarks are poised to breach the $100 per barrel mark, a level not seen since mid-2022, driven primarily by escalating geopolitical tensions surrounding the critical Strait of Hormuz.

Middle East Conflict Halts 15% of TotalEnergies Oil and Gas Production

TotalEnergies has experienced a significant reduction in its global oil and gas production, with 15% of its output now offline, directly attributed to the ongoi

OilPrice.com·Mar 13·TotalEnergies SE

US scoops up nearly $47M in high bids for second Gulf of America oil & gas lease sale

The U.S. Bureau of Ocean Energy Management (BOEM) recently concluded the second of thirty planned oil and gas lease sales in the U.S. Gulf of Mexico, attracting

Offshore Energy·Mar 13·Chevron CorporationShell plc

Oil Drillers Resort to Trucks as California Pipe Idled

Oil producers in central California are currently facing significant logistical and financial challenges, compelled to transport crude oil via trucks over 50 mi

Rigzone·Mar 13

Worley secures contract from Chevron for Aphrodite gas field FEED

Worley has secured a significant contract from Chevron Cyprus to undertake the Front-End Engineering Design (FEED) and procurement services for the Aphrodite Fi

Offshore Technology·Mar 13·Chevron CorporationAphrodite
Mar 13

TotalEnergies restarts production at Mabruk oilfield in Libya

Mar 13

Banks Hike Oil Price Forecasts, and Some See $150 Crude

Mar 13

EAC workers to stage three-hour stoppage next week as unions warn of escalation

Mar 13

FEED contract marks step forward in Mediterranean’s first CO2 storage project

Mar 13

‘Largest and heaviest’ part of $5.1B LNG development reaches Canadian shores (Gallery)

Mar 13

Global Energy Markets in Crisis as War Chokes Supply Chains

Mar 13

DOI Announces Results of BBG2 Lease Sale

Mar 13

South Korean player taps France’s GTT for LNG carrier tank design

Mar 13

N-Sea’s hybrid, biofuel-ready vessel starts sea trials

Mar 13

Fuel prices in Cyprus jump as diesel rises 15.2 cents in two weeks