News

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

OilPrice.com·Feb 10·1 min read

Oil Markets on Edge as Washington and Tehran Drift Toward Confrontation

Geopolitical tensions between the United States and Iran are escalating, coupled with new U.S. maritime directives, leading to an upward trend in global oil prices as market participants factor in hei

Cyprus returning European money for LNG terminal

The Cypriot government is in the process of returning €67 million in European Union funding allocated for the Vasiliko LNG terminal, as Energy Minister Michalis

Cyprus Mail·Feb 10

BP Q4 2025 underlying RC profit falls 32% to $1.5bn

BP's latest financial report for the fourth quarter of 2025 reveals a substantial contraction in its underlying replacement cost profit, signaling a more challe

Offshore Technology·Feb 10

India Seizes Three Tankers

The Indian Coast Guard recently intercepted and detained three tankers suspected of engaging in illicit oil smuggling activities. This incident underscores the

Rigzone·Feb 10

Cyprus energy plans grind to a halt as every major infrastructure project stalls

Cyprus's ambitious energy infrastructure agenda, designed to alleviate high electricity costs and enhance energy security, has encountered significant setbacks,

In-Cyprus·Feb 10
Feb 10

BofA Report Compares Big Oil Cos

Feb 10

Transocean to Buy Valaris in Near $6B Deal

Feb 10

DECARBON 2026: low-carbon hydrogen a central tool for O&G decarbonisation

Feb 10

BP Halts Share Buybacks

Feb 10

Chevron selects Subsea7 for Mediterranean offshore work planned in 2028

Feb 10

Subsea7 secures Chevron contract for Eastern Mediterranean project

Feb 10

Shell Reserve Decline Raises Need for Deals or Discoveries

Feb 10

AI Loses Its Shine as Money Rotates Back Into Big Oil

Feb 9

Oil Settles Higher as Hormuz Risks Resurface