News

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

OilPrice·Jun 22·1 min read

U.S. Airlines Set To Pocket $40 Billion As Jet Fuel Prices Crash

The unexpected diplomatic breakthrough between the United States and Iran has triggered a sharp sell-off in global crude benchmarks, directly translating into a massive windfall for the aviation secto

Russia Rations Fuel in Crimea as Ukraine Targets Oil Infrastructure

The decision by Russian occupation authorities to halt retail fuel sales in Crimea highlights the growing vulnerability of the peninsula's energy supply chain u

OilPrice·Jun 22

Iran Gets Oil Trading Respite from US

The US Treasury Department's decision to grant Iran a temporary 60-day sanctions waiver represents a tactical shift in Washington's energy diplomacy, aimed at m

Rigzone·Jun 22

Libya Reaches 1.4 MMbpd of Oil Production

Libya's crude oil production has surged to its highest level in over a decade, signaling a rapid recovery from recent political blockades that crippled its ener

Rigzone·Jun 22

Wellesley confirms Carmen gas-condensate discovery in North Sea

Wellesley Petroleum's successful appraisal of the Carmen prospect marks a significant addition to the Norwegian North Sea's gas-condensate inventory. This disco

Offshore Technology·Jun 22
Jun 22

Var Energi Realigns Stakes offshore Norway

Jun 22

Another local company comes onboard Indonesian natural gas project

Jun 22

Methanol-ready subsea vessel traveling from Vietnam to Norway for completion

Jun 22

Fortescue, CMB.TECH in zero-emissions shipping deal for 12 ammonia-capable vessels

Jun 22

Equinor, Partners Agree Plan for Major North Sea Project

Jun 22

Brent crude falls below $80 after Iran secures export waivers

Jun 22

Adura submits new details to regulator for Jackdaw and Rosebank

Jun 22

Explosion at Qatar’s Ras Laffan LNG Injures Dozens

Jun 22

Wellesley Petroleum and partners confirm gas discovery in North Sea

Jun 22

Analysts Warn China’s Oil Demand May Never Fully Recover