News

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

OilPrice·5d ago·1 min read

Middle East Oil Crisis Sends Supertanker Prices to Record Highs

Escalating geopolitical frictions and shifting trade routes across the Middle East have driven the valuation of Very Large Crude Carriers (VLCCs) to unprecedented levels. Both newly constructed and se

Panoro to acquire stake in Côte d’Ivoire’s Block CI-27 from DNO

Independent E&P firm Panoro Energy is expanding its West African footprint by acquiring DNO's corporate subsidiary in Côte d’Ivoire, securing an indirect 9.09%

Offshore Technology·5d ago

Elevated Oil Prices Push Japan’s Imports to an All-Time High

Surging global crude benchmarks combined with currency pressures have driven Japan's monthly import expenditures to a record peak of $76.39 billion. While physi

OilPrice·5d ago

$1.1 billion in pre-investment contracts awarded for Mozambique’s LNG project

ExxonMobil and its joint venture partners have committed $1.1 billion toward front-end engineering and preliminary procurement for the Rovuma LNG development in

Offshore Energy·5d ago·ExxonMobil

Chinese Refiners Snap Up Iraqi Oil as Gulf Supply Routes Fracture

Chinese refining entities have actively secured prompt volumes of Iraqi crude, taking advantage of competitive pricing despite escalating geopolitical friction

OilPrice·5d ago
6d ago

Hope Fades, Traders Brace for Extended Oil, LNG Squeeze

6d ago

SLB Prepares to Restart 15 Oil Rigs in Venezuela

6d ago

Diesel Margins Top $100 a Barrel to Reach Record High

6d ago

$100 Diesel Cracks Signal a Much Tighter Oil Market Than Brent Suggests

6d ago

Oil Gains as Refinery Demand Surges

6d ago

CoreMarine frees Argentina-bound FLNG for next job after eight-year Cameroon stint

6d ago

Lloyd’s Register assists with LNG carrier-to-FSU conversion for African gas project

6d ago

Shell Taps SLB for Production Restarts offshore Brunei

6d ago

SLB wins offshore production restoration contract from BSP

6d ago

Chinese Oil Tankers Turn Back as Hormuz Risks Mount