News

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

OilPrice·Jun 27·1 min read

Turkey Pushes Bold Global Plan to Electrify 35% of Energy Use by 2035

Turkey is leveraging its bid to host the COP31 climate summit by launching a diplomatic push for global electrification, targeting a 35% share of electricity in global final energy consumption by 2035

The Billion-Dollar Debt Deals Exposing an Oil Giant

Angola's state-owned oil company, Sonangol, has secured a massive $2.65 billion syndicated loan from international lenders to stabilize its balance sheet and fu

OilPrice·Jun 26

UK Grid Issues Another Supply Warning

The UK's National Grid Electricity System Operator (ESO) has issued consecutive capacity sufficiency warnings, highlighting acute vulnerabilities in the British

Rigzone·Jun 26

Crude Falls On Rising Gulf Supplies

Crude oil benchmarks experienced a sharp downward correction as maritime data revealed a significant uptick in tanker traffic through the critical Strait of Hor

Rigzone·Jun 26

US Drillers Add Oil, Gas Rigs As Hormuz Transit Resumes

The latest Baker Hughes data reveals a resilient expansion in US upstream activity, with the domestic rig count rising to 573 amid stabilizing global energy flo

OilPrice·Jun 26
Jun 26

Equinor Pulls Out of Japan’s Offshore Wind Market

Jun 26

Brent Erases Iran War Premium as Hormuz Flows Show Signs of Recovery

Jun 26

Russia’s Fuel Crisis Is Pushing the Kremlin Toward Kazakhstan

Jun 26

Baghdad Hosting EU Energy Talks After Iraq Floats OPEC Exit

Jun 26

EIA Sees USA Energy Demand Dropping in 2026, Rising in 2027

Jun 26

TotalEnergies and Petronas embark on ‘major’ oil & gas search in Oceania

Jun 26

Multimillion-dollar job on offshore platform and FPSO keeps Aker Solutions busy in Canada

Jun 26

Saudi Arabia Set to Slash Oil Prices as Hormuz Reopens

Jun 26

Aker Solutions secures five-year engineering deal for White Rose field

Jun 26

USA Oil, Gas Workforce Rises from April to May