News

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

Rigzone·May 22·1 min read

First Oil Tanker to Exit Hormuz since War Expected in Japan

The first oil tanker to transit the Strait of Hormuz since the start of an unspecified war (presumably a regional conflict involving Iran) is expected to arrive in Japan. This is significant as it sig

New investor dishes millions to join EIG’s LNG arm

The Arab Energy Fund (TAEF) is investing in MidOcean Energy, EIG's LNG arm, signaling continued investor confidence in LNG as a key energy source. This investme

Offshore Energy·May 22

Viridien starts multi-client OBN survey in Central North Sea

Viridien, a French geophysical services company, has commenced a multi-client ocean bottom node (OBN) survey in the Central North Sea. This survey aims to provi

Offshore Energy·May 22

Shell Returns to Dutch Supreme Court in Landmark Climate Case

Shell is appealing to the Netherlands' Supreme Court after a previous ruling mandated a 45% emissions reduction by 2030, which was later overturned. This case i

OilPrice·May 22·Shell plc

Oil Prices Rise as Traders Grow Skeptical of U.S.-Iran Deal

Oil prices increased in early Asian trading on Friday due to rising doubts about the likelihood of a U.S.-Iran nuclear deal being reached. The unresolved sticki

OilPrice·May 22
May 22

Why Saudi Arabia Is Losing Asia’s Oil Buyers

May 21

Brazil’s Lula Doubles Down On Oil And Rare Earths As Brazil’s Strategic Future

May 21

Why Oil’s Supply Crunch Could Arrive Late

May 21

Egypt: Petroleum Ministry signs natural gas cooperation deal with ExxonMobil, QatarEnergy

May 21

Conoco Says Venezuela Bid to Woo Oil Firms Falls Short

May 21

U.S. Shale Opens the Taps — Carefully

May 21

UK Adds New Tax Pressure as Energy Security Concerns Grow

May 21

Crude Closes Down for Third Day

May 21

Norway’s Oil Industry Is Learning How To Produce More With Less

May 21

Oil Could Enter Red Zone by July/August: IEA