News

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

Rigzone·Jun 2·1 min read

Analyst Flags Conflicting USA-Iran War Statements

An industry analyst has highlighted the constant stream of conflicting headlines regarding negotiations between the United States and Iran aimed at resolving ongoing conflict. This geopolitical uncert

Oil retreats as US-Iran talks continue amid tension

Oil prices fell by more than 1% on June 2, 2026, reversing earlier gains after US President Donald Trump indicated that talks with Iran were ongoing. This count

Offshore Technology·Jun 2

BP starts NAG production at ACG field offshore Azerbaijan

BP has commenced non-associated gas (NAG) production at the Azeri–Chirag–Gunashli (ACG) field located offshore Azerbaijan in the Caspian Sea. This development m

Offshore Technology·Jun 2

$90 Oil Could Lift India’s Inflation to 4.8% and Slow GDP Growth

According to a report by 360 ONE Capital, crude oil prices averaging $90 per barrel through March next year could push India's inflation rate to 4.8% in fiscal

OilPrice·Jun 2

BP flows first non-associated gas from its giant Caspian Sea field

BP has successfully commenced non-associated gas (NAG) production from the Azeri-Chirag-Gunashli (ACG) oilfield in the Caspian Sea off the coast of Azerbaijan.

Offshore Energy·Jun 2
Jun 2

China’s LNG Imports Recover Ahead of Peak Cooling Season

Jun 2

Fluor JV receives LNTP for LNG Canada phase two expansion

Jun 2

Strike Action at Major Australian LNG Facility Raises Supply Concerns

Jun 2

JDR opens subsea cable factory in Blyth

Jun 2

Goldman Sachs Sees Strong Refining Profits Through 2026 Amid Fuel Supply Crunch

Jun 2

LNG Deliveries to China Rebound in May

Jun 2

Persian Gulf Oil Tanker Traffic May Never Fully Recover

Jun 1

Guyana Emerges as an Oil Winner in the Iran War

Jun 1

Crude Surges on Iran Tensions

Jun 1

France Boards Tanker Tied to Russian Oil Trade