News

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

Rigzone·Aug 15·1 min read

Shell Loses Long Court Fight for South African Exploration

South Africa's apex Constitutional Court has definitively barred Shell from renewing its offshore exploration rights along the ecologically sensitive Indian Ocean Wild Coast. The final ruling upholds

Somali Piracy Surges Amid Hormuz Blockade

Commercial maritime disruptions stemming from an effective blockage of the Strait of Hormuz have diverted heavy crude carrier traffic around the Cape of Good Ho

OilPrice·Aug 15

Oil Rises as US Threatens Iran

Crude oil benchmarks advanced following renewed rhetoric from Washington indicating tighter sanctions and economic penalties aimed at Tehran. Market participant

Rigzone·Aug 14

Why a Record-Strength El Niño Still Might Not Save Europe's Gas Market

European natural gas markets face persistent supply tightness despite expectations that a potential El Niño climate pattern could moderate winter heating demand

OilPrice·Aug 14

US Oil Drillers Add Even More Rigs As Oil Prices Stay Higher

Recent industry data indicates a steady uptick in American upstream drilling activity, driven by sustained strength in global crude benchmarks. According to the

OilPrice·Aug 14
Aug 14

South Africa’s Top Court Blocks Shell Wild Coast Exploration

Aug 14

Hormuz Attacks Push Oil Toward $100 Despite US Crude Build

Aug 14

U.S. West Coast Refiners Tap Malaysian Supply

Aug 14

Kazakhstan Accuses Big Oil of $10.7 Billion Corruption in Kashagan Oil Project

Aug 14

Shell loses five-year legal fight as South Africa’s court sets aside Wild Coast exploration permit

Aug 14

Indian Refiners in Panic Buying Mode

Aug 14

Parts of Russia Running Out of Fuel amid Refinery Attacks

Aug 14

Bernhard Completes Acquisition of New Mexico Gas from Emera

Aug 14

Hormuz Crisis Pushes Asian Refiners Toward U.S. Oil

Aug 14

ConocoPhillips Starts Production at New Alaska Oil Project