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

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Rigzone·Mar 17·1 min read

MidOcean to Acquire JERA Stakes in Gorgon, Ichthys

MidOcean Energy is set to acquire JERA's stakes in the Gorgon and Ichthys LNG projects in Australia. This move comes as JERA, a major Japanese utility, strategically redirects its Australian LNG inves

Shell forecasts global LNG demand to surge up to 85% by 2050

Shell's latest LNG outlook underscores a robust long-term growth trajectory for natural gas, positioning it as a critical bridge fuel through 2050. Despite glob

Hellenic Shipping News·Mar 17·Shell plc

Operations cease at UAE’s Shah gas field after drone strike

Operations at ADNOC's Shah gas field in the UAE have been suspended following a drone attack. Authorities are currently assessing the extent of the damage. This

Offshore Technology·Mar 17

Petrobras to buy Petronas’ 50% Campos Basin stakes for $450m

Petrobras is set to acquire Petronas' 50% stake in the Tartaruga Verde and Espadarte-Module III fields in the Campos Basin for $450 million. This move consolida

Offshore Technology·Mar 17

Angola’s first non-associated gas development goes live

Azule Energy, a joint venture between Eni and BP, has successfully launched Angola's first non-associated gas project, marking a significant milestone in the co

Offshore Energy·Mar 17·ENI S.p.A.
Mar 17

UAE Gas Field Ablaze as Trump Pushes for Help on Hormuz

Mar 17

Eni discovers more than 1tcf of gas near Libya’s Bahr Essalam field

Mar 17

U.S. Diesel Prices Top $5 a Gallon as Hormuz Crisis Ripples Across America

Mar 17

Steel yourselves for steep price hikes, consumers warned

Mar 16

$100 Oil Could Deliver $63 Billion Cash Surge to U.S. Shale

Mar 16

The Disappearance of Arab Heavy and Medium Crude Hits Asian Refineries Hard

Mar 16

Oil Eases but Supply Fears Linger

Mar 16

Eni discovers more than 1 Tcf of gas offshore Libya near Bahr Essalam field

Mar 16

IEA Says It Has More Emergency Oil Reserves Available

Mar 16

Ustel lambasts Cyprus as ‘the spoilt child of Europe’