News

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

OilPrice·Feb 3·1 min read

Washington Prepares Broad License to Restart Venezuelan Oil Production

The United States is reportedly preparing to ease long-standing sanctions on Venezuela's oil sector by issuing a broad license, allowing companies to resume crude production for the first time in seve

Eastern Mediterranean Expansion Underpins Chevron’s Growing Global Natural Gas Portfolio

Chevron is strategically increasing its natural gas operations within the Eastern Mediterranean region, a move driven by the sustained global demand for this fu

Natural Gas Intelligence·Feb 3·Chevron Corporation

Siemens is Scaling Up Investment in U.S. Grid

Siemens Energy is making a substantial $1 billion investment to expand its manufacturing capabilities in the United States, focusing on critical grid infrastruc

OilPrice·Feb 3

Iranian Gunboats Confront U.S.-Flagged Oil Tanker in Strait of Hormuz

Iranian naval forces recently engaged in a provocative maneuver within the Strait of Hormuz, approaching a U.S.-flagged oil tanker in what maritime security sou

OilPrice·Feb 3

Shell Sells 20% Stake in Offshore Orca Project to Kuwaiti Foreign Petroleum Exploration Company

Shell's agreement to divest a 20% interest in its offshore Brazil Orca project to Kuwait Foreign Petroleum Exploration Company signifies a strategic portfolio a

Offshore Engineer·Feb 3·Shell plc
Feb 3

Shell Sells 20% Stake in Brazil’s Orca Deepwater Project to Kuwaiti Firm

Feb 3

Trump Cuts India Tariffs

Feb 3

Iran Risk Hands Oil Algos Early Test

Feb 3

Oil Tanker Rates Soar Amid Shipping Shortages and Middle East Tensions

Feb 3

Exclusive interview with Eni: Gas and LNG at crux of multiple FIDs as ‘game-changing phase’ edges closer

Feb 3

DECARBON 2026: projects driving offshore carbon capture infrastructure in Europe

Feb 3

USA Flagged Oil Tanker Hailed by Armed Ships in Hormuz

Feb 3

USA Flagged Oil Tanker Hailed by Iranian Ships in Hormuz

Feb 3

Saudi ACWA Power seals 27 deals for green hydrogen and other technologies

Feb 3

Abdel Sadig holds meetings with Shell and Secretary General of the Gas Exporting Countries Forum at Qatar’s LNG 2026 conference