News

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

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OilPrice·Mar 4·1 min read

U.S. Crude Inventories Gain as Gasoline Inventories Keep Drawing

The U.S. energy market presented a mixed picture with a notable build in crude oil stockpiles, signaling potential oversupply or moderated refinery demand. Simultaneously, a continued draw on gasoline

Cheniere Gets Non-FTA Permit for Additional Corpus Christi LNG Trains

Cheniere has secured a crucial non-Free Trade Agreement export permit from the U.S. Department of Energy, enabling a significant 3.28 million metric tons per an

Rigzone·Mar 4

North America Drops 11 Rigs WoW

The latest Baker Hughes data reveals a modest contraction in North American drilling operations, with 11 fewer rotary rigs active during the past week. This sli

Rigzone·Mar 4

Russian Oil Remains Cheap

Despite a broad rally in international crude prices, Russia's flagship Urals blend continues to be traded at significant discounts. This persistent price differ

Rigzone·Mar 4

LNG production freeze pushes QatarEnergy to invoke force majeure

QatarEnergy, the state-owned energy giant, has formally notified its liquefied natural gas (LNG) customers of a force majeure event, citing an unspecified produ

Offshore Energy·Mar 4·qatar-petroleum
Mar 4

Germany’s SEFE nails down 8-year LNG offtake with South American firm

Mar 4

Seadrill, Kongsberg Maritime, and Hanwha set on ushering in next gen remote DP tech for offshore drilling

Mar 4

Conrad approves Mako Gas Project FID offshore Indonesia

Mar 4

How the Middle East crisis could squeeze Cyprus

Mar 4

Japanese long-distance cable-laying vessel receives general design approval

Mar 4

QatarEnergy Stops LNG, Some Downstream Production

Mar 4

Hong Kong sees first LNG ship-to-ship bunkering for very large crude carrier

Mar 4

Subsea7’s scope at Türkiye’s largest natural gas field further extended

Mar 4

Dana Petroleum puts IKM Testing UK on FPSO shutdown duty in North Sea

Mar 4

Fuel demand jumps over 30% in Cyprus; price increases expected in the coming shipments