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

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Offshore Energy·Jun 23·1 min read

Saipem wins $1 billion contract for Eni and BP’s recently sanctioned project

Saipem's securing of a $1 billion engineering, procurement, construction, and installation (EPCI) contract from Azule Energy marks a critical execution milestone for Angola's Ndungu field development.

ENI S.p.A.

Oil Prices Continue to Slide as Peace Talks Progress

Crude benchmarks are experiencing downward pressure as diplomatic maneuvers between Washington and Tehran signal a potential breakthrough in long-stalled negoti

OilPrice·Jun 23

Half-Open, Half-Closed Strait of Hormuz Baffles Oil Markets

The tentative diplomatic agreement between the United States and Iran has failed to stabilize crude markets, as conflicting signals regarding the operational st

OilPrice·Jun 22

The Hormuz Threat Oil Markets Are Ignoring

Renewed geopolitical friction involving US-Iran rhetoric and stalled diplomatic negotiations in Switzerland has once again elevated risks surrounding the Strait

OilPrice·Jun 22

Oil Drops as Iran Talks Advance

Global crude benchmarks retreated following Washington's decision to grant limited sanctions relief, allowing restricted volumes of Iranian oil back onto the gl

Rigzone·Jun 22
Jun 22

Greek Energy Pulls In $26B As Europe Scrambles To Replace Russian Gas

Jun 22

The Oil Crisis Is Far From Over

Jun 22

Saudis Turn to Russian Fuel Oil as Iran War Saps Fossil Power Supplies

Jun 22

The Race to Revive Venezuela’s Vast Oil Wealth Is Underway

Jun 22

U.S. Airlines Set To Pocket $40 Billion As Jet Fuel Prices Crash

Jun 22

Russia Rations Fuel in Crimea as Ukraine Targets Oil Infrastructure

Jun 22

Iran Gets Oil Trading Respite from US

Jun 22

Libya Reaches 1.4 MMbpd of Oil Production

Jun 22

Wellesley confirms Carmen gas-condensate discovery in North Sea

Jun 22

Var Energi Realigns Stakes offshore Norway