News

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

OilPrice·Feb 4·1 min read

Crude Oil Inventories Continue To Fall: EIA

The latest data from the U.S. Energy Information Administration (EIA) indicates a 3.5 million barrel reduction in American crude oil stockpiles for the week ending January 30, bringing total commercia

Trafigura Calls for a Rethink of LNG Project Funding

Richard Holtum, CEO of commodity trading giant Trafigura, has publicly advocated for a fundamental overhaul of the financing model for new LNG export projects.

OilPrice·Feb 4

15,066 blocks up for grabs in next US offshore oil & gas lease sale

The U.S. Bureau of Ocean Energy Management (BOEM) is advancing plans for a significant offshore oil and gas lease sale in the Gulf of Mexico, offering over 15,0

Offshore Energy·Feb 4

Two final bids in the run for Denmark’s €3.84 billion carbon capture and storage fund

Denmark's commitment to large-scale carbon capture and storage (CCS) has advanced significantly with the Danish Energy Agency receiving two final bids for its s

Offshore Energy·Feb 4

Holtum Says LNG Projects Need New Financing Playbook

Trafigura Group CEO Richard Holtum has highlighted a critical need for innovative financing models within the liquefied natural gas industry. His remarks sugges

Rigzone·Feb 4
Feb 4

Drilling yields ‘non-significant’ gas shows, next Black Sea well to be spud soon

Feb 4

Petronas secures 20-year LNG supply deal with QatarEnergy

Feb 4

Eni Expects ‘Very Finely Balanced’ LNG Market This Year

Feb 4

Tecnimont and Baker Hughes sign MoU to pursue modular LNG projects

Feb 4

Shell sheds minor stake in Brazil’s deepwater oil & gas project to Middle Eastern firm

Feb 4

Floatel puts the seal on 2013-built vessel’s job with Brazilian oil & gas player

Feb 4

Recently converted seismic source vessel begins sea trials (Video)

Feb 4

Baker Hughes and Italian player team up to play ball on global LNG scene

Feb 4

Strategists Forecast Week on Week USA Crude Inventory Rise

Feb 4

Platts excludes Russia-origin LNG, ships in East Med LNG assessments