News

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

Rigzone·Jun 24·1 min read

Asian Demand for Mideast Oil Slows after Splurge

A recent surge in Asian refining appetite for Middle Eastern crude has abruptly cooled, forcing major international oil companies and merchant traders to absorb the remaining excess volumes. This shif

Saipem begins offshore works for GranMorgu project in Suriname

Saipem's mobilization of the Normand Navigator to Suriname marks the physical commencement of offshore installation works for the landmark GranMorgu development

Offshore Technology·Jun 24

Malaysian Major Makes Gas Discovery in Suriname

Petronas has secured another significant offshore natural gas discovery in Suriname's Block 52, accelerating the South American nation's transition from an fron

OilPrice·Jun 24

Public feedback to help minimize impacts of new 2 GW Scotland-Wales interconnector

The UK National Grid has initiated a crucial public consultation phase in North Wales for the Western Link 2 project, a proposed 2 GW subsea electricity superhi

Offshore Energy·Jun 24

Trump Orders Gas Price Gouging Probe

US President Donald Trump has initiated a federal investigation into potential retail fuel price gouging, accusing major oil companies of failing to lower gasol

OilPrice·Jun 24
Jun 23

Why the Next Billion Barrels of Oil Demand Could Come From Storage

Jun 23

Trump Admin Takes Aim at Oil, Gas Drilling Costs

Jun 23

US Crude Oil Inventories Continue To Falter, SPR Struggling To Pick Up the Slack

Jun 23

Pemex Wants Petrobras' Deepwater Magic

Jun 23

Crude Extends Losses

Jun 23

Tanker Owners Are Having the Best Week of the Hormuz Crisis

Jun 23

Saudi Arabia’s Decided Who Its Future Superpower Partner Is, And It’s Not the US

Jun 23

Europe’s Top Gas Distributor to Invest $14.8 Billion in AI-Backed Networks

Jun 23

Qatar Says Ras Laffan Blast Will Not Affect LNG Exports

Jun 23

Pikka Oil Project in Alaska Reaches Continuous Production