News

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

OilPrice·Jun 1·1 min read

The Next Stranded Asset Crisis Could Hit Utilities

The article discusses the potential risk of a stranded asset crisis hitting utility companies, challenging the traditional view of utilities as low-risk, guaranteed-return investments. This emerging r

BP Starts Production at Trillion-Cubic-Foot Gas Prize In Azerbaijan

BP has officially commenced commercial natural gas production from the deep gas reservoirs of the Azeri-Chirag-Gunashli (ACG) field in Azerbaijan. This mileston

OilPrice·Jun 1

Rystad: U.S.-Iran Re-Escalation Could Drive Oil To $180 By August

Rystad Energy's Head of Geopolitical Analysis, Jorge León, projected that an acute re-escalation of the U.S.-Iran conflict combined with a prolonged blockage of

OilPrice·Jun 1

Netherlands Backs $1.2B Subsidy to Refill Gas Stocks

The Dutch government has approved a subsidy of up to $1.2 billion for state-owned EBN Capital BV to refill the country's depleted natural gas reserves. This mov

Rigzone·Jun 1

Equatorial Guinea Clears Europa Oil's Block Farm-Out to Chinese Firm

Equatorial Guinea has officially approved the entry of a Chinese partner into Europa Oil & Gas's offshore license, facilitating a farm-out agreement. This regul

Rigzone·Jun 1
Jun 1

Eni, Seri Industrial Agree Integrated Battery Partnership in Italy

Jun 1

Tamboran completes $173m Falcon acquisition after court approval

Jun 1

Strike over pay dispute on North Sea oil workers’ voting agenda

Jun 1

BP Sells 5% Stake in Australia's Newest $35 Billion LNG Project

Jun 1

USA Oil Output Expected to Average 14MM Bpd in 2027

Jun 1

India’s LNG Industry Pushes for Government Backing as Diesel Costs Surge

Jun 1

CB&I scores multimillion-dollar assignment for $13 billion US LNG project

Jun 1

Fugro to carry out marine mammal monitoring for Irish offshore wind grid connection

Jun 1

Oil Prices Up 3% As Trump Demands Changes To Iran Deal

Jun 1

Oil prices surge amid renewed US, Iran and Israel military action