News

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

OilPrice·Jun 12·1 min read

India Set to Miss Budget Deficit Target as Oil Shock Strains Public Finances

India is projected to miss its fiscal budget deficit target for the first time since 2021 due to rising oil prices driven by the Middle East crisis. As the world's third-largest crude importer, the co

Oil prices drop by 2% as Trump calls off Iran strike plan

Oil prices fell by more than 2% following US President Donald Trump's decision to call off a planned military strike against Iran. This de-escalation of geopoli

Offshore Technology·Jun 12

Greek player doubles US LNG supplies with expansion of Venture Global deal

US LNG producer Venture Global has doubled its 20-year supply agreement with Greece's Atlantic-SEE LNG Trade, a joint venture between AKTOR Group and DEPA Comme

Offshore Energy·Jun 12

Woodside moves to acquire PetroChina’s 10.67% Browse JV stake

Woodside Energy has exercised its pre-emption right to acquire PetroChina's 10.67% stake in the Browse Joint Venture offshore Western Australia. This strategic

Offshore Technology·Jun 12

Naftogaz Wins Its First Long-Term Regasification Booking in Europe

Ukrainian state-owned energy company Naftogaz has secured its first long-term regasification booking in Europe, winning a 12-year capacity agreement at the Klai

Rigzone·Jun 12
Jun 12

Oil Prices Tumble 4% on Iran Peace Optimism

Jun 12

Woodside ups Australian giant gas project share by stepping in on CNPC’s sale

Jun 12

US, Greece, Cyprus, and Israel Launch Eastern Mediterranean Energy Center

Jun 12

North Sea oil platform automation enhancement on ABB’s UK worksheet

Jun 12

Russian Oil Output at Lowest in Year amid Ukrainian Strikes

Jun 12

Trump Claims Iran Deal Close in Uturn

Jun 12

India Caps Fuel Sales to Avoid Shortages

Jun 12

Venture Global and Atlantic-SEE extend LNG deal to 20 years

Jun 12

Goldman Sachs Cuts 2027 Oil Price Estimate on Demand Uncertainty

Jun 12

Cyprus, Greece, Israel and US launch Eastern Mediterranean energy centre