News

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

Offshore Energy·Mar 2·1 min read

Hormuz shutdown ramifications: Oil price hike to hit $100 as Asia-Europe LNG battle looms

A potential closure of the Strait of Hormuz, a vital global energy chokepoint, threatens to trigger a severe energy shock, according to analysis by Wood Mackenzie. Such an event could propel crude oil

Petronas Posts Lower Annual Profit

Malaysia's national oil company, Petronas, experienced a notable decline in its 2025 net profit, reporting approximately $11.6 billion after tax. This downturn

Rigzone·Mar 2

QatarEnergy stops LNG production after Iranian attacks on facilities

QatarEnergy, the state-owned energy giant, has announced a complete halt to its liquefied natural gas (LNG) production following reported Iranian attacks on cri

Daily Sabah·Mar 2·qatar-petroleum

More LNG for Europe as MET Group and Shell expand their long-term cooperation

MET Group and Shell are deepening their long-term collaboration to increase liquefied natural gas deliveries to the European market. This strategic expansion un

Offshore Energy·Mar 2·Shell plc

MISC orders two more LNG carriers backed by Petronas charters

Malaysia's MISC, the shipping arm of national energy giant Petronas, has significantly expanded its liquefied natural gas carrier fleet with an order for two ad

LNG Prime·Mar 2·TotalEnergies SE
Mar 2

OPEC+ Decides to Boost Production

Mar 2

Strait of Hormuz disruption sends global oil benchmarks higher

Mar 2

Shipping company secures fixed-rate e-methanol supply ahead of EU climate regulations

Mar 2

Fuel prices will go up, petrol station owners warn, as conflict engulfs region

Mar 2

OPEC+ announces minor output rise amid ongoing Iran conflict

Mar 2

Japex to exit Vietnam LNG terminal project

Mar 2

Oil Could Pass $100 as Strait of Hormuz Traffic Halts

Mar 2

CMA CGM christens its newest methanol-powered ship (Gallery)

Mar 2

Saudis Pulled Deeper into War after New Iranian Strikes