News

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

OilPrice·May 27·1 min read

Europe’s Arctic Oil Dilemma Deepens as Supply Fears Grow

Scandinavian financial institutions are pressuring the European Commission to maintain its stance against Arctic oil drilling, despite growing concerns about potential oil shortages in Europe. This hi

Alaska’s Oil Revival Gains Momentum

The article suggests Alaska is experiencing a resurgence in oil and gas exploration and production due to the global energy crisis exacerbated by geopolitical i

OilPrice·May 26

India Turns to Russia, Brazil, and Venezuela for Crude

India, the world's third-largest crude importer, is actively diversifying its oil import sources, increasing purchases from Russia, Brazil, and Venezuela. This

OilPrice·May 26

Brent Jumps on Renewed Iran Clash

Brent crude oil prices increased due to renewed clashes between the US and Iran. This development has diminished optimism regarding a potential agreement concer

Rigzone·May 26

A Searing Asian Summer Will Add to Risk of Surging Gas Prices

Forecasts predict a hotter-than-normal summer in Asia, potentially exacerbated by an El Nino weather pattern. This increased heat is expected to drive up demand

Rigzone·May 26
May 26

U.S. Natural Gas Prices Surge On Lower Output, Higher LNG Flows

May 26

How U.S. Control of Venezuelan Oil Is Reshaping Asian Energy

May 26

Ukraine Cuts Gas Storage Rates To Encourage Domestic Buildup Ahead Of Winter

May 26

More work with Petrobras on Baker Hughes’ oil & gas scope in Brazilian waters

May 26

DOI Bags Over $4B from Texas, New Mexico Lease Sale

May 26

QatarEnergy prolongs force majeure, Edison’s total affected LNG cargoes reach 17

May 26

BP Fires Chair Over Conduct, Governance

May 26

Oil prices climb 3% amid US strikes deepening Iran war uncertainty

May 26

BP removes Albert Manifold as chair citing governance concerns

May 26

ABS endorses SBM Offshore’s Shell-backed FPSO deepwater cooling tech