News

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

OilPrice·Sep 13·1 min read

Further Oil Price Spikes Could Rekindle Recession Fears

Global crude benchmarks have pierced the critical $100 per barrel threshold, reigniting intense macroeconomic debates surrounding potential central bank monetary tightening and demand destruction. Thi

Harvester Energy Bags New Malaysian PSC

Harvester Energy has been awarded a production sharing contract by Petronas for Malaysia's Estuary Cluster, targeting previously stranded offshore hydrocarbons.

Rigzone·Sep 13

Oil Industry Braces for Years-Long Iran War

Global energy markets are actively pricing in structural, long-term geopolitical instability as industry leaders anticipate an extended confrontation between th

OilPrice·Sep 12

Why More Homes Are Switching From Gas to Heat Pumps

Residential heating is undergoing a structural shift toward electrification as heat pump installations outpace traditional gas boilers across mature energy mark

OilPrice·Sep 12

TotalEnergies Plans $10B in Angola Oil Investments

French supermajor TotalEnergies and its joint-venture partners have committed $10 billion in capital expenditure toward Angola's offshore hydrocarbon sector thr

Rigzone·Sep 12·TotalEnergies SE
Sep 11

Europe's "Less" Is Doing More Than Anyone Gives It Credit For

Sep 11

White House Weighs Defense Production Act as U.S. Refineries Maxed Out

Sep 11

Oil Posts Biggest Weekly Gain Since July

Sep 11

IEA Says Ukraine Strikes Degrade Russian Oil Refining Sector

Sep 11

U.S. Oil Rig Count Rises as Oil Tops $100

Sep 11

Drone Strikes Hit Saudi Arabia’s Vital East-West Oil Pipeline

Sep 11

Saudi Arabia’s Critical Oil Bypass Comes Under Threat

Sep 11

IEA Sees 5.7 Million Bpd Oil Supply Plunge as Gulf Recovery Slips to 2027

Sep 11

Shell Acquires PJM Gas Power Plant

Sep 11

Norway Sees 'Strong Confidence' in New Discoveries Potential