News

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

Rigzone·Aug 20·1 min read

EIA Sees Oil Crunch in 2026, Glut in 2027

The U.S. Energy Information Administration's latest medium-term modeling points to significant supply-demand volatility, forecasting an undersupplied global crude market by 2026 followed by an oversup

Horizon announces first gas from Sinphuhorm Pad D in Thailand

Horizon Oil has achieved early commercial flow from the Sinphuhorm Pad D expansion in northeast Thailand, boosting domestic gas supply ahead of targeted timelin

Offshore Technology·Aug 20

CN Energy begins oil production at Cold Lake project, Alberta

CN Energy Group has achieved first oil at its asset in Alberta's prolific Cold Lake region through its wholly owned Canadian subsidiary. This operational milest

Offshore Technology·Aug 20

Oil India keeps Dolphin Drilling’s rig on offshore assignment through October 2026

Dolphin Drilling has successfully secured a contract extension with state-owned Oil India Limited, keeping one of its semi-submersible drilling units engaged in

Offshore Energy·Aug 20

Oil India keeps Dolphin Drilling’s rig on offshore assignment through October

Dolphin Drilling has been granted an operational contract extension by Oil India Limited (OIL) to maintain its semi-submersible drilling campaign off the Indian

Offshore Energy·Aug 20
Aug 20

Middle East Oil Crisis Sends Supertanker Prices to Record Highs

Aug 20

Panoro to acquire stake in Côte d’Ivoire’s Block CI-27 from DNO

Aug 20

Elevated Oil Prices Push Japan’s Imports to an All-Time High

Aug 20

$1.1 billion in pre-investment contracts awarded for Mozambique’s LNG project

Aug 20

Chinese Refiners Snap Up Iraqi Oil as Gulf Supply Routes Fracture

Aug 19

Hope Fades, Traders Brace for Extended Oil, LNG Squeeze

Aug 19

SLB Prepares to Restart 15 Oil Rigs in Venezuela

Aug 19

Diesel Margins Top $100 a Barrel to Reach Record High

Aug 19

$100 Diesel Cracks Signal a Much Tighter Oil Market Than Brent Suggests

Aug 19

Oil Gains as Refinery Demand Surges