News

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

Splash247·Jun 25·1 min read

Modec bags work on Mozambique’s next FLNG development

Italian major Eni is accelerating its East African gas monetization strategy by securing critical long-lead mooring infrastructure from Modec for the Coral Norte FLNG project. This development undersc

Qatar and the U.S. Warn EU of Gas Crunch Over Methane Regulation

The world's leading liquefied natural gas (LNG) exporters, the United States and Qatar, have issued a stark warning to the European Union regarding its stringen

OilPrice·Jun 24

Why Wet Coffee Grounds Might Be The Next Waste-To-Energy Goldmine

Researchers at the Korea Institute of Geoscience and Mineral Resources (KIGAM) have developed a breakthrough method to streamline biochar production from wet co

OilPrice·Jun 24

China’s Crude Imports Plunge To Lowest Level Since 2018

The global oil market is experiencing a dual-driven volatility phase as China's crude oil imports hit their lowest levels since 2018, while geopolitical tension

OilPrice·Jun 24

Oil Falls to Postwar Lows

Crude oil prices have plummeted to levels not seen since the onset of the Russia-Ukraine war, driven by a market pivot from geopolitical risk premiums to struct

Rigzone·Jun 24
Jun 24

Norway's Oil Output Beats Forecasts Again Despite Pullback from April Highs

Jun 24

Canada Building West’s First Grid-Scale SMR

Jun 24

Rosneft Proposes Oil Firms to Refine 30% of Crude in Russia to Ease Fuel Crunch

Jun 24

Saipem Divests Saudi Shallow Water Rigs

Jun 24

Moscow Refinery May Stay Offline Until 2027

Jun 24

U.S. Crude Inventories Post Another Major Draw

Jun 24

Investigation into tragic incident ongoing: 13 dead, 66 injured in explosion and fire at QatarEnergy’s gas asset

Jun 24

ADES to acquire Saipem’s Saudi rig-owning unit for $285m

Jun 24

Woodside Wins Contract to Supply Gas to Alcoa

Jun 24

Petrobras and Pemex shake hands to explore partnership in oil & gas sphere