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

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Offshore Energy·May 27·1 min read

Strait of Hormuz closure: Tight LNG markets, oil prices could soar to $200

The article discusses the potential closure of the Strait of Hormuz and its catastrophic impact on global LNG and oil markets. Wood Mackenzie estimates that over 80 mtpa of LNG supply, representing 20

America’s Answer to China’s Lithium Stranglehold Is Hiding in the Permian Basin

The article discusses LibertyStream's efforts to extract lithium from produced water in the Permian Basin, potentially offering a domestic source of lithium and

OilPrice·May 27

Haesong Offshore Wind signs supply chain agreements with LS Cable, LS Marine Solution, KEPCO E&C

Haesong Offshore Wind has signed preferred supplier agreements (PSAs) with LS Cable & System, LS Marine Solution, and KEPCO E&C. This signifies progress in the

Offshore Energy·May 27

Oil price spike spurs windfall tax proposals in Brazil, EU, US, and Australia

Rising oil prices, exceeding $100/bbl, are fueling renewed discussions about implementing windfall taxes on oil and gas companies in Brazil, the EU, the US, and

Offshore Energy·May 27

Oil Prices Fall as Traders Bet on U.S.-Iran Deal

Oil prices fell approximately 4% on Wednesday due to increased optimism regarding a potential U.S.-Iran nuclear agreement. This outweighed concerns about declin

OilPrice·May 27
May 27

New episode: Glut or shortage – what lies ahead for LNG?

May 27

Eni, Baleine Partners Approve Phase 3 of Ivorian Project

May 27

NOG to acquire 25% Duvernay light oil stake for $253m

May 27

ADNOC Sends Another LNG Carrier Through Hormuz in “Dark Mode”

May 27

Russia Weighs Fuel Export Limits as Attacks Grow

May 27

French firm enters deal for bioenergy with CCS projects in Brazil

May 27

UK’s North Sea industry demands action on prioritizing domestic energy

May 27

Eidesvik’s 2004-built vessel staying on with Equinor until year-end

May 27

U.S. Sends Rare SPR Oil Cargo to Asia as Hormuz Crisis Reshapes Trade

May 27

Prosafe on the lookout for more vessel work to enrich its fleet’s backlog