News

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

OilPrice·Jul 3·1 min read

Oil Set for Fourth Straight Weekly Loss as Hormuz Flows Return

Global crude benchmarks Brent and WTI are heading toward a fourth consecutive weekly decline, driven primarily by the easing of supply disruption fears in the Middle East. The tentative resumption of

Canada and Alberta advance review of west coast oil pipeline project

The Canadian federal government has elevated the review of Alberta's proposed west coast oil pipeline by referring it to the Major Projects Office (MPO) as a po

Offshore Technology·Jul 3

ExxonMobil, QatarEnergy Affirm Commerciality of Cyprus Discoveries

The formal declaration of commerciality for Block 10 by ExxonMobil and QatarEnergy marks a critical transition for Cyprus from an exploration target to a viable

Rigzone·Jul 3·Block 10ExxonMobil

Drydocks World hires Svanehoj for LNGC-to-FSU conversion job

The selection of Denmark's Svanehoj by Drydocks World for a high-spec LNG carrier-to-FSU conversion highlights the growing momentum in fast-tracked offshore gas

Offshore Energy·Jul 3

Oil Remains in a Divided Market

The global crude market is experiencing a profound structural division, characterized by a sharp divergence between bearish macroeconomic indicators and bullish

Rigzone·Jul 3
Jul 3

Swedish hybrid ocean energy platform on sea trials in commercialization push

Jul 3

Multimillion-dollar encore extends CHC choppers’ Norwegian oil & gas run until 2030

Jul 3

Japan's LNG Imports Fall 7% as Utilities Chase Cheaper Coal

Jul 3

TotalEnergies Offers Millions of Iraqi Barrels to Asia

Jul 3

TotalEnergies sells 8.5% stake in Marjoram gas field to Inpex

Jul 3

Covelya Group acquisition expands Kraken’s geographic reach

Jul 3

Alberta and Ottawa Greenlight New Pacific Pipeline

Jul 3

UAE Rewrites Offshore Oil Pricing To Capture Asian Markets

Jul 2

Tehran Is Racing the Clock to Export as Much Oil as Possible

Jul 2

Saudi Oil Exports Approach Pre-War Levels