Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.
Norwegian energy major Equinor is expanding its deepwater exploration footprint in southern Africa by securing a 17.4% stake in offshore Namibia's Petroleum Exploration Licence 90 (PEL 90). Acquired f
Global benchmark crude prices extended an upward trend for a fourth consecutive session, propelled by maritime tracking data indicating reduced tanker flows acr
A persistent imbalance between upstream crude prices and downstream processing capacity has catalyzed record margins for merchant refiners. Even as benchmark cr
Billionaire tech investor Peter Thiel has acquired an estimated $76 million minority stake in a premier operator within Argentina's prolific Vaca Muerta shale b
Recent data from the American Petroleum Institute indicates a marginal draw of 328,000 barrels in U.S. crude inventories for the week ending August 14, stabiliz