News

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

OilPrice·Feb 24·1 min read

Russian Oil Shipments Climb 6% Above Pre-2022 Invasion Levels

Russia has successfully increased its crude oil exports by 6% above pre-2022 invasion levels, demonstrating a remarkable resilience in its energy sector despite extensive Western sanctions. This devel

Parex proposes $500m acquisition of Frontera’s Colombian assets

Parex Resources has put forth a significant all-cash offer of $500 million, plus assumed debt, to acquire Frontera Energy's upstream oil and gas operations in C

Offshore Technology·Feb 24

LNG Canada ships 50th cargo

The Shell-led LNG Canada project has achieved a significant operational milestone by dispatching its 50th liquefied natural gas cargo from the Kitimat export fa

LNG Prime·Feb 24·Shell plc

Diamondback Says Oil Glut Fears Are Fading as Demand Holds Strong

Diamondback Energy, a prominent U.S. shale producer, has communicated to its shareholders that the prevailing concerns regarding a global oil oversupply are dim

OilPrice·Feb 24

U.S. Energy Dominance Push Collides with EU Methane Rules

U.S. Energy Secretary Chris Wright recently urged the International Energy Agency (IEA) to shift its primary focus back to energy security, moving away from its

OilPrice·Feb 24
Feb 23

Indian Refiners' January Crude Processing Fell In January

Feb 23

Oil Resilient Amid Middle East Tensions

Feb 23

Oil Cos Get Supreme Court Hearing on Climate Suits

Feb 23

Ukraine Strikes Russia's Druzhba Pipeline Network

Feb 23

UK Oil Refineries Face Extinction Without Urgent Policy Shift

Feb 23

North America Adds Rigs Week on Week

Feb 23

Saipem Pilots AI System on Ultra Deepwater Drillship

Feb 23

Ghana Parliament Ratifies Extension of Tullow Licenses

Feb 23

Uniper to Supply Gujarat with 0.5 MMtpa of LNG for 10 Years

Feb 23

Saudi Aramco begins Jafurah condensate exports with sales to US and India