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

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Rigzone·May 28·1 min read

IEA Sees Oil Investments Dropping for 3rd Year

The International Energy Agency (IEA) projects that global oil and gas investment will fall below $500 billion in 2026, marking the third consecutive year of decline despite higher oil prices. This su

LNG pact enables Greek FSRU to boost Southeast Europe’s gas supply diversification

Mercuria and Motor Oil Hellas (MOH) have partnered to secure LNG supply for an FSRU in Greece's Saronic Gulf. This collaboration aims to enhance gas supply dive

Offshore Energy·May 28

High Freight Costs Force Asian Buyers to Cancel U.S. LPG Cargoes

High freight rates, driven by a Middle East supply crunch, are causing Asian buyers to cancel U.S. LPG cargoes. This is happening because the cost of shipping L

OilPrice·May 28

Eastern Green Link 2 gives back as second round of community fund opens

The Eastern Green Link 2 (EGL2) project, a major electricity transmission project, has opened its second round of community funding. This initiative aims to sup

Offshore Energy·May 28

Europe Turns to Canadian LNG as Gulf and Russian Gas Risks Deepen

European energy utilities are showing interest in purchasing LNG from Canada's Ksi Lisims LNG project as concerns grow regarding gas supplies from the Gulf and

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