News

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

In-Cyprus·Feb 21·1 min read

Russian fuel tanker heads to Cuba following ship-to-ship transfer off Cyprus

A Russian-sourced fuel shipment, transferred ship-to-ship off the coast of Cyprus, is en route to Cuba, a nation grappling with severe energy shortages. This maneuver directly challenges the existing

Oil Holds Near Six-Month High

Crude oil prices are currently trading at their highest levels in half a year, a direct consequence of escalating geopolitical risks and a notable draw-down in

Rigzone·Feb 20

US Oil Drilling Activity Still Going Nowhere

New data from Baker Hughes indicates that the total number of active oil and gas drilling rigs in the United States remained unchanged this week at 551, a figur

OilPrice·Feb 20

Wood Mackenzie Says Big Oil’s Strategy Has Snapped Back to Upstream

Major international oil companies are decisively shifting their strategic focus back to core upstream oil and gas production, according to analysis by Wood Mack

OilPrice·Feb 20

FT Uncovers $90 Billion Russian Oil Smuggling Operation

A recent Financial Times investigation has revealed a sophisticated network of nearly fifty entities orchestrating the covert movement of Russian crude oil valu

OilPrice·Feb 20
Feb 20

U.S.-Iran Tensions Threaten to Send Oil Tanker Rates Soaring

Feb 20

Transocean’s backlog stands at $6.1 billion in the wake of $610M rig deals

Feb 20

Surging Oil Tanker Rates Tipped to Go Even Higher

Feb 20

USA Crude Oil Stocks Drop 9MM Barrels WoW

Feb 20

$20 billion Asian LNG project moves forward with environmental clearance

Feb 20

Oil Bulls Regain Control as Middle East Risks Escalate

Feb 20

China Hikes Russian Crude Imports as India Retreats

Feb 20

Rig gigs of $900 million push Valaris’ backlog to $4.7 billion

Feb 20

One vessel leaving its fleet as DOF moves to bring in 2011-built duo

Feb 20

BOEM Proposes 3rd GOA Lease Sale