News

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

OilPrice·May 22·1 min read

Volatility Spikes as Iran Diplomacy Collides With Hormuz Fears

WTI crude oil experienced significant price volatility during the week due to fluctuating geopolitical risk perceptions. Initial fears surrounding potential disruptions in the Strait of Hormuz drove p

EIR Says Qatari LNG Outage Will Shift Gas Market to Deficit

Enverus Intelligence Research reports that an outage affecting Qatari LNG production will cause a structural deficit in the global gas market. This disruption i

Rigzone·May 22

Oil Exerts Influence Well Beyond Energy Market

Ole Hansen, Saxo Bank's Head of Commodity Strategy, notes that oil's influence extends significantly beyond the energy market. This highlights the interconnecte

Rigzone·May 22

ExxonMobil tasks Weatherford with deepwater job in Nigerian waters

ExxonMobil's Nigerian affiliate, Esso Exploration & Production Nigeria Ltd. (EEPNL), has awarded Weatherford International a deepwater integrated completions as

Offshore Energy·May 22·ExxonMobil

India Explores Alternative Energy Sources Amid Oil Supply Shock

India is actively seeking to diversify its energy sources, particularly focusing on biogas as an LPG substitute, in response to disruptions in oil and gas suppl

OilPrice·May 22
May 22

Wood wins design contract for Bul Hanine EPIC2 project

May 22

Matador acquires 5,154 net acres in Delaware Basin for $1.14bn

May 22

Hong Kong firm targets more green methanol from China

May 22

Barclays Warns of Upside Risk to Its $100 Oil Price Forecast for 2026

May 22

Ithaca Completes Acquisition in Shell Discovery, Farms Down Fotla

May 22

Eni pulls off LNG offtake hat trick in Southeast Asia

May 22

Equinor, Aker BP Agree Stakes Swap in North Sea, Barents Sea

May 22

Archer acquires Scottish firm to expand subsea and rigless P&A capabilities

May 22

Alberta Pushes Ahead With Separation Referendum Despite Court Challenge

May 22

Aker BP, Equinor sign NCS deal to boost production and value