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

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OilPrice·Jun 19·1 min read

Philippines Seeks Long-Term Oil Supply Deal With Russia

The Philippines is actively pursuing a bilateral, long-term crude oil supply agreement with Russia to shield its domestic economy from severe inflationary pressures and global supply volatility. This

Vår Energi approves Balder Next New Wells project in North Sea

Vår Energi's final investment decision on the Balder Next New Wells project represents a strategic move to maximize recovery from one of the Norwegian North Sea

Offshore Technology·Jun 19

Two oil & gas operators gearing up for North Sea drilling ops with COSL and Saipem’s rigs

The Norwegian Petroleum Directorate's issuance of drilling permits to Equinor and Aker BP signals a sustained commitment to maximizing recovery on the Norwegian

Offshore Energy·Jun 19

Regulatory setback puts appraisal of gas discovery at risk in Southeast Asia

Sunda Energy is facing a critical regulatory hurdle in Southeast Asia as authorities issue a warning over missed drilling deadlines for its offshore gas apprais

Offshore Energy·Jun 19

Up to $420 million investment in North Sea subsea project unleashing more European gas

Equinor and its partners have committed over $410 million to a new subsea tie-back project in the Norwegian North Sea, aiming to extract incremental gas volumes

Offshore Energy·Jun 19·Shell plcTotalEnergies SE
Jun 19

OPEC Sees Sustained Oil Demand as Policy Prioritizes Energy Security

Jun 19

India Isn’t Rushing Back to Middle Eastern Oil Despite Hormuz Reopening

Jun 19

Equinor and partners agree Ringvei Vest subsea development plan

Jun 19

Oil Prices Rebound as U.S.-Iran Peace Talks Are Postponed

Jun 19

80 Million Barrels of Crude Are Lined Up to Exit the Strait of Hormuz

Jun 19

Forget Critical Metals, Electricity is The Real Bottleneck for AI

Jun 18

First Oil Sands Project in 10 Years Starts Production

Jun 18

Oil Slips as Hormuz Traffic Resumes

Jun 18

Germany Considers Extending Oil Reserve Relief Despite Falling Prices

Jun 18

How the U.S.-Iran Deal Put A Higher Floor Under Oil Prices