News

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

OilPrice·Feb 20·1 min read

US Oil Drilling Activity Still Going Nowhere

New data from Baker Hughes indicates that the total number of active oil and gas drilling rigs in the United States remained unchanged this week at 551, a figure notably lower by 41 rigs compared to t

Wood Mackenzie Says Big Oil’s Strategy Has Snapped Back to Upstream

Major international oil companies are decisively shifting their strategic focus back to core upstream oil and gas production, according to analysis by Wood Mack

OilPrice·Feb 20

FT Uncovers $90 Billion Russian Oil Smuggling Operation

A recent Financial Times investigation has revealed a sophisticated network of nearly fifty entities orchestrating the covert movement of Russian crude oil valu

OilPrice·Feb 20

U.S.-Iran Tensions Threaten to Send Oil Tanker Rates Soaring

Escalating geopolitical tensions between the United States and Iran are significantly impacting the global supertanker market, driving daily hire rates to their

OilPrice·Feb 20

Transocean’s backlog stands at $6.1 billion in the wake of $610M rig deals

Offshore drilling giant Transocean has significantly bolstered its financial outlook by securing new contracts and extensions for seven of its mobile offshore d

Offshore Energy·Feb 20
Feb 20

Surging Oil Tanker Rates Tipped to Go Even Higher

Feb 20

USA Crude Oil Stocks Drop 9MM Barrels WoW

Feb 20

$20 billion Asian LNG project moves forward with environmental clearance

Feb 20

Oil Bulls Regain Control as Middle East Risks Escalate

Feb 20

China Hikes Russian Crude Imports as India Retreats

Feb 20

Rig gigs of $900 million push Valaris’ backlog to $4.7 billion

Feb 20

One vessel leaving its fleet as DOF moves to bring in 2011-built duo

Feb 20

BOEM Proposes 3rd GOA Lease Sale

Feb 20

Anemoi and COSCO Shipping Heavy Industry renew wind propulsion collaboration

Feb 20

NKT secures copper supply for next ten years