News

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

Rigzone·Mar 11·1 min read

Refiners Hold Off Buying Oil as Prices Surge

Global crude oil refiners are increasingly demonstrating resistance to the exceptionally high premiums currently demanded for prompt barrel deliveries, signaling a potential inflection point in the ma

China Stockpiles Soften the Blow of the Global Oil Shock

China, the world's leading crude oil and LNG importer, has significantly bolstered its energy security through extensive strategic stockpiling and a long-term d

OilPrice·Mar 11

Crude Settles Higher as Conflict Grows

Global crude oil prices experienced a significant increase, driven primarily by heightened geopolitical tensions stemming from a growing conflict involving Iran

Rigzone·Mar 11

Panagiotidis lines up another Nasdaq shipowner with tanker spin-off

Petros Panagiotidis, a prominent Cyprus-based shipowner, is strategically restructuring his portfolio by spinning off the tanker operations of Robin Energy into

Splash247·Mar 11

IEA to Release Record 400MM Barrels From Oil Reserves

The International Energy Agency has orchestrated an unprecedented release of 400 million barrels from strategic oil reserves held by its member nations. This co

Rigzone·Mar 11
Mar 11

North America Drops 8 Rigs WoW

Mar 11

Iran Warns Oil Could Hit $200 per Barrel as Hormuz Threat Escalates

Mar 11

Iran’s New Supreme Leader Creates a Delicate Diplomatic Moment for Central Asia

Mar 11

Giant FPSO achieves first gas injection at Petrobras’ Brazilian project

Mar 11

Shell and TPAO welcome OMV Petrom as partner in Black Sea exploration project

Mar 11

Shell and TotalEnergies Issue Force Majeure After Qatar LNG Shut Down

Mar 11

Shell, TotalEnergies declare force majeure on LNG contracts from Qatar

Mar 11

Acteon brings Upstream Engineering into its fold, upping offshore engineering ante

Mar 11

Repsol Focuses on US for Short-Term Upstream Growth

Mar 11

N-Sea vessel to sport permanent integrated geotechnical package