News

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

Offshore Technology·Jul 8·1 min read

Equinor awards $612m of contracts for four NCS projects

Equinor's massive $612 million subsea contract blitz signals a robust commitment to maximizing the recovery lifetime of mature assets on the Norwegian Continental Shelf. By bundling engineering, procu

China Lifts Fuel Export Curbs as Refiners Ramp Up Overseas Shipments

Beijing's decision to lift export restrictions on refined petroleum products marks a strategic pivot to relieve domestic inventory pressures as Chinese industri

OilPrice·Jul 8

US Cancels Oil Waiver and Strikes Iran Anew

The United States has significantly escalated its economic and military pressure on Tehran by launching targeted airstrikes against over 80 Iranian-linked sites

Rigzone·Jul 8

Oil Prices Jump After Iran Attacks Commercial Vessels

The escalation of military hostilities between the United States and Iran in the Middle East, triggered by drone or missile strikes on commercial shipping near

OilPrice·Jul 8

Why the AI Boom Is About to Break the U.S. Power Grid

The rapid expansion of artificial intelligence is driving an unprecedented surge in electricity demand, threatening to overwhelm the aging United States power g

OilPrice·Jul 8
Jul 7

The Next Oil Price Spike Could Come Sooner Than Traders Think

Jul 7

Has Iraq Finally Run Out of Road in Its Double-Dealings with the West?

Jul 7

US Crude Oil, Product Inventories Fall Even As Hormuz Traffic Begins to Flow

Jul 7

Oil Jumps on Hormuz Shipping Attacks

Jul 7

Big Oil's Windfall Earnings Threaten to Reignite Trump's Price-Gouging Push

Jul 7

Oil Market Swings From Glut Fears to Hormuz Toll Concerns

Jul 7

Drone Strike Shuts Russia's Largest Refinery as Fuel Shortages Worsen

Jul 7

Super El Niño Could Push Colombia Into an Energy Crisis

Jul 7

Saudi Arabia Eyes Major Red Sea Pipeline Expansion to Bypass Hormuz

Jul 7

BP Exits Bay du Nord Project offshore Canada