News

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

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OilPrice·Apr 3·1 min read

Oil Rally Accelerates as Traders Price in Real Supply Disruption

WTI crude oil prices jumped significantly, closing at $111.54, marking an 11.94% increase. This rally was fueled by escalating geopolitical tensions, potential supply disruptions, and heightened worri

Ventura Offshore scores multimillion-dollar rig extensions with Petrobras

Ventura Offshore secured contract extensions from Petrobras for a semi-submersible rig and a drillship, indicating continued investment in Brazilian deepwater d

Offshore Energy·Apr 3

TotalEnergies, Masdar Form $2.2B Renewables JV in Asia

TotalEnergies and Masdar are forming a $2.2 billion 50-50 joint venture to consolidate their onshore renewable energy portfolios across nine Asian countries. Th

Rigzone·Apr 3·TotalEnergies SE

Why Has the WTI Oil Price Surpassed Brent?

The article discusses the unusual situation where West Texas Intermediate (WTI) crude oil prices are trading higher than Brent crude, the international benchmar

Rigzone·Apr 3

Another 20-year LNG offtake lands in Mexican project’s bag

International Resources Holding (IRH) has signed a 20-year LNG offtake agreement with Amigo LNG, a Mexican joint venture. This deal secures a long-term supply o

Offshore Energy·Apr 3
Apr 3

Hafnia orders eight ‘fuel-efficient’ tankers from South Korean shipyard

Apr 3

Green light for more US LNG to non-free trade agreement countries

Apr 3

Europe Braces for Prolonged Energy Crisis as Supplies Tighten

Apr 3

Mediterranean gas field back online after shutdown due to regional safety woes

Apr 3

New player enters underwater robotics market with AUV prototype

Apr 3

Russia Preparing to Send 2nd Oil Tanker to Cuba

Apr 3

Fuel tax cut to be swallowed by continuous price rises

Apr 3

Japan’s JERA Cancels Long-Term LNG Deal With Commonwealth

Apr 3

Oil Majors Eye U.S. Offshore Asset as Supply Crunch Intensifies

Apr 3

$100 Oil Isn’t Enough to Balance Alberta’s Books