News

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

Offshore Technology·Mar 12·1 min read

IEA nations to release 400mbbl of oil amid Middle East crisis

The International Energy Agency (IEA) has announced a coordinated release of 400 million barrels of crude oil from its member nations' strategic reserves. This significant action aims to temper global

MidOcean Energy to increase stake in Gorgon LNG project

EIG-backed MidOcean Energy has strategically expanded its interest in the significant Gorgon LNG project in Western Australia by acquiring an additional 0.417%

Offshore Technology·Mar 12

Energean widens its oil & gas portfolio with entry into Angola

Energean, a prominent London-based energy company with significant operations in the Eastern Mediterranean, has initiated its strategic expansion into West Afri

Offshore Energy·Mar 12·Chevron Corporation

Eni Signs Up for 15-Year Biomethane Supply from France

Eni's retail and renewables arm, Plenitude, has secured a significant long-term biomethane supply agreement from French producer Methagora. This 15-year deal fo

Rigzone·Mar 12·ENI S.p.A.

Trump Taps Strategic Petroleum Reserve in Response to Iran Shipping Attacks

The United States has initiated a substantial release from its Strategic Petroleum Reserve (SPR) in direct response to escalating tensions in the Strait of Horm

OilPrice·Mar 12
Mar 12

Oman Evacuates Oil Port as Ships Hit in Gulf

Mar 12

EIB to Shell Out $87B in Clean Energy Financing over 3 Years

Mar 12

Goldman Sachs Raises Oil Price Forecast as Middle East Conflict Escalates

Mar 12

Two Oil Tankers Set Ablaze Near Iraq’s Key Export Terminals

Mar 12

Russia Emerges As The Biggest Winner In Middle East War

Mar 12

Europe Faces Jet Fuel Price Surge and Supply Shortages

Mar 11

Oil Prices Surge Despite Record-Breaking Strategic Reserve Release

Mar 11

The Strait Is Closed, the Story Keeps Changing, and You're Paying for It All

Mar 11

Shale Producers Stay on the Sidelines as Oil Crisis Deepens

Mar 11

Experts Warn of Catastrophic Environmental Fallout From Iran War