News

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

OilPrice·Jun 12·1 min read

A War of Words Sends Brent Crude to a Two-Month Low

Brent crude oil prices fell to a two-month low due to conflicting signals from the U.S. and Iran regarding a potential deal. This geopolitical uncertainty created high volatility in the market as trad

Europe Wary Of Too Much Dependence on U.S. LNG

European buyers are hesitating to commit to long-term LNG supply agreements with U.S. exporters despite phasing out Russian gas and facing Middle East supply ri

OilPrice·Jun 12

APA Expands Alaska Footprint with Savant Acquisition

APA Corporation has expanded its presence in Alaska by acquiring Savant, gaining control of strategic infrastructure adjacent to its eastern North Slope acreage

Rigzone·Jun 12

Nigeria's Crude Oil Production Hits 15-Month High

Nigeria's crude oil production reached a 15-month high of 1.53 million barrels per day (bpd) in May, according to data from the Nigerian Upstream Petroleum Regu

OilPrice·Jun 12

No ‘immediate commercialization’ in sight for gas discovery offshore Japan

Japan Petroleum Exploration Co. (JAPEX) has completed exploratory drilling in the offshore Hidaka area of Hokkaido, confirming the presence of natural gas. Howe

Offshore Energy·Jun 12
Jun 12

Australian gas project’s LNG comes to Japan as JERA brings in first cargo

Jun 12

Norway Pitches Arctic Resources as Key to EU Energy Security

Jun 12

KOIL picks up new subsea umbilical gig

Jun 12

Aker BP Raises Stake in Norway's Johan Sverdrup

Jun 12

India Accuses West of Double Standards Over U.S. Russia Oil Sanctions

Jun 12

Equinor’s North Sea P&A ops with COSL’s 2012-built rig cleared for action

Jun 12

Oil Prices Slide as Traders Bet on Diplomacy

Jun 12

Oil Market Volatility Masks a Shifting Reality in the Middle East

Jun 12

Cyprus construction pipeline expands as permits rise

Jun 12

MDL lends Saipem a hand with flex-lay prep for ops in Guyana