News

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

OilPrice·Feb 4·1 min read

Uniper Shrugs Off Europe’s Growing Reliance on American LNG

German utility giant Uniper expresses no concern regarding Europe's increasing dependence on American liquefied natural gas, despite over half of the continent's LNG now originating from the United St

Russian Oil Revenues Plunge to 5 Year Low

The Russian government experienced a dramatic decline in its oil revenues during January, reaching a level not seen in over five years. This significant financi

Rigzone·Feb 4

Crude Oil Inventories Continue To Fall: EIA

The latest data from the U.S. Energy Information Administration (EIA) indicates a 3.5 million barrel reduction in American crude oil stockpiles for the week end

OilPrice·Feb 4

Trafigura Calls for a Rethink of LNG Project Funding

Richard Holtum, CEO of commodity trading giant Trafigura, has publicly advocated for a fundamental overhaul of the financing model for new LNG export projects.

OilPrice·Feb 4

15,066 blocks up for grabs in next US offshore oil & gas lease sale

The U.S. Bureau of Ocean Energy Management (BOEM) is advancing plans for a significant offshore oil and gas lease sale in the Gulf of Mexico, offering over 15,0

Offshore Energy·Feb 4
Feb 4

Two final bids in the run for Denmark’s €3.84 billion carbon capture and storage fund

Feb 4

Holtum Says LNG Projects Need New Financing Playbook

Feb 4

Drilling yields ‘non-significant’ gas shows, next Black Sea well to be spud soon

Feb 4

Petronas secures 20-year LNG supply deal with QatarEnergy

Feb 4

Eni Expects ‘Very Finely Balanced’ LNG Market This Year

Feb 4

Tecnimont and Baker Hughes sign MoU to pursue modular LNG projects

Feb 4

Shell sheds minor stake in Brazil’s deepwater oil & gas project to Middle Eastern firm

Feb 4

Floatel puts the seal on 2013-built vessel’s job with Brazilian oil & gas player

Feb 4

Recently converted seismic source vessel begins sea trials (Video)

Feb 4

Baker Hughes and Italian player team up to play ball on global LNG scene