Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.
Oil futures rose on June 11 following reports of the closure of the Strait of Hormuz amid escalating tensions between the United States and Iran. As one of the world's most critical maritime transit c
Rystad Energy has warned that oil prices could surge toward $150 per barrel if hostilities between the U.S. and Iran resume in earnest. This potential price spi
South Korea's Taihan Cable & Solution has signed memoranda of understanding (MOUs) with leading offshore installation contractors Jan De Nul and Boskalis to coo
Japan has successfully secured its required oil import volumes for July, matching levels from a year ago despite ongoing tensions in the Strait of Hormuz. The r
Italian oilfield services provider Saipem has secured a major onshore contract worth approximately €900 million ($1.04 billion) from Saudi Aramco for the Uthman