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

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OilPrice·Mar 6·1 min read

Kuwait Shuts Production, Qatar Warns Oil Could Hit $150 in Weeks

The global oil market is bracing for significant volatility as Qatar's Energy Minister, Saad al-Kaabi, warned that crude prices could escalate to $150 per barrel within weeks if the critical Strait of

JMIC Says Strait of Hormuz Shipping is at Near Total Halt

Maritime activity, specifically the transit of crude oil, through the Strait of Hormuz has reportedly ceased almost entirely over the last 24 hours. This develo

Rigzone·Mar 6

Europe’s Gas Price Set for Largest Weekly Gain in Three Years

European natural gas prices, benchmarked by the Dutch TTF, are experiencing their most substantial weekly increase since mid-2023, with a projected 50% jump. Th

OilPrice·Mar 6

War Sees Energy Exporters Scramble for Routes Out of Gulf

Escalating geopolitical tensions across the Middle East are causing significant apprehension within global energy markets, prompting major exporting nations to

Rigzone·Mar 6

Samsung Heavy Industries books French firm’s tank design for new LNG vessel

South Korean shipbuilder Samsung Heavy Industries (SHI) has commissioned French specialist Gaztransport & Technigaz (GTT) for the design of a new liquefied natu

Offshore Energy·Mar 6
Mar 6

Equinor, Wellesley Tie Up for Norwegian Exploration

Mar 6

Oil Prices Hit $90 as Middle East Tensions Escalate

Mar 6

Equinor and Hydromea first to send wireless ocean floor data directly to cloud

Mar 6

21 Russian Arctic LNG cargoes come to EU ports

Mar 6

Analysts See 'Significant Yet Short Lived' Oil Price Rallies

Mar 6

Europe-Bound LNG Cargoes Divert to Asia as War Upends Gas Market

Mar 6

Eco Wave Power’s pilot delivers ‘record output’ during three-meter waves

Mar 6

IMF: Oil Price Shock Tests Global Economic Resilience

Mar 6

Cyprus energy costs could rise 20 per cent in full-scale regional crisis