News

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

OilPrice·Feb 3·1 min read

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 sources characterized as an unsuccessful at

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

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

Shell's Brazilian subsidiary has divested a 20% interest in the deepwater Orca project offshore Brazil to Kuwait Foreign Petroleum Exploration Company (KUFPEC).

Offshore Engineer·Feb 3·Shell plc

Trump Cuts India Tariffs

US President Donald Trump has offered a significant trade concession to India, proposing to lift existing punitive tariffs. This diplomatic move is contingent u

Rigzone·Feb 3

Iran Risk Hands Oil Algos Early Test

Algorithmic trading strategies in the global oil market have recorded losses for the third consecutive year, indicating significant challenges for quantitative

Rigzone·Feb 3
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

Feb 3

Venture Global sheds light on Worley’s role at next chapter of US LNG project

Feb 3

Eni taps Shearwater GeoServices for work in Timor Sea

Feb 3

Maersk enriches fleet with another methanol-powered vessel