News

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

Rigzone·Jun 16·1 min read

Oil Extends Losses as Hormuz Reopens

Crude prices extended their downward trajectory for a fourth consecutive session following a breakthrough diplomatic agreement between the United States and Iran to guarantee unhindered transit throug

Norway Moves to Extend the Life of Europe’s Most Important Oil Field

Equinor's advancement of the next development phase at the Johan Sverdrup field represents a critical move to sustain northwestern Europe's domestic crude suppl

OilPrice·Jun 16

Oil Prices Crash as Traders Bet the War Is Over

Crude oil benchmarks have experienced a sharp downward correction, with Brent falling below the $79 per barrel threshold as financial traders aggressively unwin

OilPrice·Jun 16

Chinese Refining in May at Lowest Level in Nearly 4 Years

China's crude oil refining throughput in May has plummeted to its lowest level in nearly four years, signaling a profound structural shift in the world's larges

Rigzone·Jun 16

Hundreds of Well Workers offshore Norway Go on Strike

The Norwegian Union of Energy Workers (IE&FLT) has initiated strike action targeting offshore well service companies, disrupting key technical operations on the

Rigzone·Jun 16
Jun 16

Trio sets the stage for Mediterranean Sea oil & gas exploration with North African PSA

Jun 16

Chevron to partner with HelleniQ Energy on Block 10 in Greece

Jun 16

Qatar Eyes Quick LNG Restart Once Hormuz Reopens

Jun 16

Chugach eyes gas from Alaska’s $44B LNG project with Glenfarne deal

Jun 16

New CEO takes over at N-Sea

Jun 16

India’s ONGC Considers Resuming Venezuela Oil Operations

Jun 16

Vår Energi books Scottish firm on multi-year job

Jun 16

MOL Group, Repsol, TPAO sign agreement for Libyan offshore exploration

Jun 16

ABL Group brings back Aqualis name to distinguish from subsidiary