News

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

All ENI ExxonMobil TotalEnergies Shell Chevron Aphrodite Glaucus
OilPrice·Apr 3·1 min read

BP’s New CEO Faces a Defining Test as War Boosts Profits

Meg O'Neill's appointment as BP's CEO coincides with potentially significant profit increases for oil majors, including BP and Shell, due to the conflict in Iran. This presents both an opportunity and

Shell plc

Cuba Frees 2,000 Prisoners Amid Oil Supply Crunch

Cuba is releasing 2,010 prisoners as it faces increasing economic hardship and fuel shortages, exacerbated by tightened U.S. sanctions. This action highlights t

OilPrice·Apr 3

Sold-out hit from Athens coming to Cyprus

The Cyprus Mail reported on an upcoming cultural event, a musical-theatre production from Athens, 'Malista Kirie Zampeta,' which is scheduled for a limited run

Cyprus Mail·Apr 3

Trump Loses Grip as Oil Surge Signals Deeper Crisis

Oil prices surged despite President Trump's efforts to control them, driven by escalating tensions between the US and Iran. This suggests a potential shift in m

OilPrice·Apr 3

India's Russian Crude Imports Jump 90% in March After U.S. Waiver

India's crude oil imports from Russia surged by 90% in March compared to February, driven by supply disruptions in the Middle East and a U.S. waiver allowing pu

OilPrice·Apr 3
Apr 3

Russia Oil Revenues Halved in March Before War Boost

Apr 3

UAE's Biggest Gas Plant Forced Offline for Second Time Since War Began

Apr 3

DOI Says USA Energy Production Hit Record Levels in 2025

Apr 3

BP and ADNOC’s JV pouring $500 million to bring Egyptian gas project to life

Apr 3

India Passes on Iranian Oil as Sanctioned Tanker Redirects to China

Apr 3

Transocean’s rig trio scoops up $1 billion for drilling jobs in Norway and Brazil

Apr 3

Women Take Helm of BP

Apr 3

Shearwater and Searcher wrap up 3D seismic acquisition in Brazil’s Pelotas Basin

Apr 3

Pegasus’ gas find declared commercially viable, minister says

Apr 3

Three Oil Shocks Redrawing the Geopolitical Energy Map