News

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

OilPrice·May 25·1 min read

Sinopec Boosts China's Shale Oil Output

Sinopec's Jiyang shale oil base in Shandong province has increased production, contributing to China's overall shale oil output. This development is significant as China, the world's largest crude oil

Beach Energy shelves well drilling ops, freeing $500M for higher-value projects

Beach Energy, an Australian oil and gas company, has decided to halt its well drilling and subsea tie-in project at the Otway gas plant. This decision frees up

Offshore Energy·May 25

Australia Set to Include Existing LNG Deals in Gas Reservation Scheme

Australia is proposing to expand its Domestic Gas Reservation scheme to include existing LNG contracts, aiming to secure domestic gas supply starting in July 20

OilPrice·May 25

Analysts Explain Oil Price Drop

An analyst at Sparta Commodities attributes a recent drop in oil prices to a perceived breakthrough in potential conflict between the U.S. and Iran. Reduced geo

Rigzone·May 25

Subsea7 lands contract for Vår Energi’s Goliat Gas Export project

Subsea7 has been awarded a contract by Vår Energi for the Goliat Gas Export Project in the Barents Sea. This project involves the development of infrastructure

Offshore Technology·May 25
May 25

Drilling ops with Transocean rig pushed forward: New operator taking the helm at Australian gas field

May 25

India Raises Fuel Prices for Fourth Time as Oil Crisis Hits Consumers

May 25

China Coking Coal Prices Surge After Deadly Shanxi Mine Blast

May 25

Gazprom Starts Production at Chona Fields in Eastern Siberia

May 25

Uniper to Resume Dividend Payments

May 25

Eni Secures LNG Offtake Deals for Indonesia Projects

May 25

Reach Subsea charters Solstad vessel for 2+1 Black Sea contract

May 25

More Tankers Make It Through the Strait of Hormuz

May 25

Qatar Quietly Ships LNG via Hormuz to Key Buyers

May 25

Oil Prices Plunge Below $100 on Iran Deal Optimism