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

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Rigzone·Jun 10·1 min read

War Erases 1B Barrels of Cumulative Oil Supply from Market

Geopolitical conflicts have resulted in a cumulative loss of one billion barrels of oil supply from the global market, according to Rystad Energy. This supply deficit is projected to nearly double by

China Begins Tapping Oil Stockpiles as Middle East Crisis Drags On

China has begun drawing down its massive crude oil stockpiles starting in May, following a Middle East conflict that disrupted approximately 10% of global oil s

OilPrice·Jun 10

Historic game-changer at sea: Exmar’s first of four ammonia dual-fuel vessels delivered

Belgian shipping company Exmar has taken delivery of the first of four newbuild dual-fuel ammonia midsize gas carriers (MGCs). This delivery represents a major

Offshore Energy·Jun 10

Ksi Lisims LNG Secures Agreements with Tribes

Ksi Lisims LNG has secured key benefits agreements with local Indigenous groups, a critical milestone for the Canadian west coast export project. These agreemen

Rigzone·Jun 10

Oil steady as US-Iran tensions offset expected US stock draw

Oil prices remained stable on June 10 as geopolitical tensions between the US and Iran countered the bullish sentiment from an expected draw in US crude invento

Offshore Technology·Jun 10
Jun 10

BP announces two-segment overhaul to simplify operations

Jun 10

Alberta Eyes General Corridor for New Pacific Oil Pipeline

Jun 10

PXGEO and Equinor putting drone for autonomous subsea inspection ops to the test

Jun 10

Shell Makes ‘Most Promising Subsurface’ Find in Well Offshore Namibia

Jun 10

U.S. Company to Send 250,000 Barrels of Fuel to Cuba

Jun 10

Shell’s new oil discovery adds fuel to Namibia’s black gold rush

Jun 10

JERA Awards 20-Year LNG Supply Contract to Petronas

Jun 10

U.S. to Release LNG and LPG Reserves to ASEAN Countries

Jun 10

Shell-led partnership finds oil at Namibia’s PEL 0039 with Merlin-1X

Jun 10

Japan Secures Major LNG Deal as Energy Risks Mount