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

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OilPrice·Jun 24·1 min read

Norway's Oil Output Beats Forecasts Again Despite Pullback from April Highs

Norway's offshore operators have once again demonstrated exceptional operational efficiency, delivering May crude production that significantly outpaced official state projections. While overall volum

Canada Building West’s First Grid-Scale SMR

Canada has officially commenced construction on the Western world's first commercial, grid-scale Small Modular Reactor (SMR) in Ontario, marking a pivotal shift

OilPrice·Jun 24

Rosneft Proposes Oil Firms to Refine 30% of Crude in Russia to Ease Fuel Crunch

In an effort to stabilize Russia's volatile domestic fuel market, Rosneft CEO Igor Sechin has formally petitioned President Vladimir Putin to mandate that all d

OilPrice·Jun 24

Saipem Divests Saudi Shallow Water Rigs

Italian oilfield services giant Saipem has finalized the divestment of its shallow-water jack-up drilling fleet in Saudi Arabia, marking a decisive shift in its

Rigzone·Jun 24

Moscow Refinery May Stay Offline Until 2027

The prolonged shutdown of Gazprom Neft's Moscow Oil Refinery until 2027 represents a major escalation in the economic toll of the Russia-Ukraine conflict on Rus

OilPrice·Jun 24
Jun 24

U.S. Crude Inventories Post Another Major Draw

Jun 24

Investigation into tragic incident ongoing: 13 dead, 66 injured in explosion and fire at QatarEnergy’s gas asset

Jun 24

ADES to acquire Saipem’s Saudi rig-owning unit for $285m

Jun 24

Woodside Wins Contract to Supply Gas to Alcoa

Jun 24

Petrobras and Pemex shake hands to explore partnership in oil & gas sphere

Jun 24

Yinson Production’s Southeast Asia-bound FSO gets its name

Jun 24

Norway Well Workers Continue Strike as Standoff Escalates

Jun 24

EnerMech assists Subsea7 in decommissioning scope delivery

Jun 24

Asian drilling campaign continues with third well after first came online, second set to follow suit

Jun 24

PLN EPI hot taps WNTS to link Conrad’s Mako gas project