News

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

Rigzone·Jun 18·1 min read

Hormuz Shipping Activity Accelerates

The sudden surge in tanker traffic through the Strait of Hormuz, triggered by a newly minted U.S.-Iran interim peace agreement, represents a critical turning point for global oil supply dynamics. As s

ExxonMobil Backs 1st South African LNG Import Terminal with Supply Deal

ExxonMobil's preliminary supply agreement with the Zululand Energy Terminal marks a pivotal moment for South Africa's nascent gas-to-power ambitions. By securin

Rigzone·Jun 18·ExxonMobil

Oil prices hit lowest level since March after US-Iran ceasefire deal

The sudden announcement of a US-Iran interim agreement has triggered a sharp sell-off in the global crude market, dragging prices down to their lowest levels si

Offshore Technology·Jun 18

Sable Seeks $1B Loan

Sable Offshore Corp.'s pursuit of a $1 billion senior secured term loan represents a high-stakes financial maneuver to fund the restart of the long-dormant Sant

Rigzone·Jun 18

Equinor Targets 150,000 Boed Production Growth by 2030

Equinor's strategic pivot to accelerate near-field exploration and subsea tiebacks offshore Norway represents a highly disciplined, low-carbon approach to susta

Rigzone·Jun 18
Jun 18

India’s Energy Import Bill Jumps 82% Due to High Oil Prices

Jun 18

Brazil’s frontier basin lit up as TGS, SLB drive 3D seismic push

Jun 18

More Than 60 Million Barrels of Oil Ready to Head to Asia as Hormuz Reopens

Jun 18

ExxonMobil and ZET strike deal for South Africa’s first LNG terminal

Jun 18

BP entrusts subsea decom and recycling job at UK field to DeepOcean

Jun 18

EnBW secures additional US LNG volumes from Venture Global

Jun 18

Goldman Sachs Warns Strait of Hormuz Traffic May Never Fully Recover

Jun 18

FPSO tie-back project unlocking seven more wells to enrich North Sea oil arsenal in 2027

Jun 18

Refinery Hit as Ukraine Pounds Moscow

Jun 18

Several North Sea oil & gas discoveries fusing into large subsea tie-back project