News

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

Rigzone·Mar 9·1 min read

Analyst Flags 'Incredible' Oil Price Moves

A prominent market analyst has characterized recent global oil price movements as "incredible," signaling a period of extreme volatility and unpredictability in the energy markets. This assessment und

Hanwha Ocean delivers second of four VLCCs to DHT Holdings

DHT Holdings has taken delivery of the second of four Very Large Crude Carriers (VLCCs) from South Korean shipbuilder Hanwha Ocean. This event marks a significa

Offshore Energy·Mar 9

Oil prices surge 15% as Strait of Hormuz disruptions tighten supply

Global crude benchmarks experienced a significant upward movement on Monday, with prices climbing approximately 15% to levels not seen since mid-2022. This shar

Offshore Technology·Mar 9

Oil Prices Drop as the G7 Considers Releasing Up to 400 Million Barrels

G7 finance ministers are reportedly considering an emergency release of up to 400 million barrels from strategic oil reserves. This potential action aims to cou

OilPrice·Mar 9

Viridien on 3D seismic survey duty off Uruguay

French geophysical specialist Viridien has initiated a multi-client 3D seismic acquisition campaign offshore Uruguay. This crucial exploration activity aims to

Offshore Energy·Mar 9
Mar 9

Fears for ferry fare hikes as oil prices rise amid regional war

Mar 9

Bapco Invokes Force Majeure

Mar 9

Saudi Arabia Offers Rare Spot Crude as Strait of Hormuz Traffic Collapses

Mar 9

Bangladesh’s RPGCL seeks more spot LNG cargoes

Mar 9

Iraq’s Oil Output Plunges 70% as Gulf Shipping Crisis Deepens

Mar 9

Oil Prices Soar as Iran Conflict Threatens Middle East Supply

Mar 8

Energy policy that leaves consumers paying more

Mar 8

Monumental Starts Up First Project under New Partnership with NZEC

Mar 7

What Carter and Reagan Got Right About Oil Shocks