News

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

Offshore Energy·Jun 12·1 min read

North Sea oil platform automation enhancement on ABB’s UK worksheet

ABB's newly secured contract to modernize automation and control systems on a major North Sea platform highlights the offshore industry's accelerating shift toward digital transformation. By upgrading

Russian Oil Output at Lowest in Year amid Ukrainian Strikes

Russian crude oil production fell to a one-year low of 9.009 million barrels per day in May, driven by a combination of strict OPEC+ production quotas and succe

Rigzone·Jun 12

Trump Claims Iran Deal Close in Uturn

The sudden de-escalation of military threats by the U.S. administration against Iran marks a volatile shift in Middle Eastern energy geopolitics, temporarily ea

Rigzone·Jun 12

India Caps Fuel Sales to Avoid Shortages

India's decision to ration retail fuel sales and ban commercial buyers from retail stations highlights severe domestic supply distortions caused by artificial p

OilPrice·Jun 12

Venture Global and Atlantic-SEE extend LNG deal to 20 years

The extension of the LNG supply agreement between Venture Global and Atlantic-SEE LNG Trade to a 20-year term starting in 2030 underscores the long-term relianc

Offshore Technology·Jun 12
Jun 12

Goldman Sachs Cuts 2027 Oil Price Estimate on Demand Uncertainty

Jun 12

Cyprus, Greece, Israel and US launch Eastern Mediterranean energy centre

Jun 12

U.S. To Build Its First Ever Floating LNG Export Terminal

Jun 11

Rotterdam's Growing Oil Storage Fraud Problem Is Costing Traders Millions

Jun 11

Iraq's Energy Sector Faces Its Most Important Test in Decades

Jun 11

The Reliability Crisis Utilities Don't Want to Talk About

Jun 11

Oil Falls to April Lows on Trump Signals

Jun 11

9 Billion BOE on the Table as Kazakhstan Opens Biggest Licensing Round in Years

Jun 11

Hanwha Ocean-built FPSO’s oil offloading opens revenue flows for Petrobras

Jun 11

Greek LNG Buyer Says Long Term USA Deals Getting Harder