News

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

Rigzone·Aug 18·1 min read

Supertankers on Mideast Route Reach $510K a Day in Earnings

Daily charter rates for Very Large Crude Carriers (VLCCs) lifting Middle Eastern crude bound for Asian markets have surged near multi-month highs, approaching extraordinary levels of half a million do

Noble’s 2014-built jack-up rig scores drilling job in Norwegian waters

Noble Corporation has bolstered its operational backlog in Northern Europe by securing a fresh drilling contract for one of its high-specification jack-up units

Offshore Energy·Aug 18

U.S.-Iran Tensions Push Oil Prices Higher as Diesel Margins Hit Records

Escalating geopolitical rhetoric between Washington and Tehran has reignited the Middle East risk premium, triggering an upward push in global crude benchmarks.

OilPrice·Aug 18

Why Libya’s Next Oil Pipeline Could Be a Geopolitical Game-Changer

Bilateral discussions between Cairo and Tripoli have advanced regarding a cross-border crude transmission link linking eastern Libyan oil infrastructure directl

OilPrice·Aug 17

The Next Energy Crisis Could Be a Water Crisis

The global energy sector faces an intensifying operational vulnerability due to accelerating freshwater scarcity driven by climatic shifts. Conventional power g

OilPrice·Aug 17
Aug 17

Oil Advances as Iran Tensions Persist

Aug 17

Go-ahead for ADES to restart all suspended offshore rig ops as jack-up market remains tight

Aug 17

JAPEX begins drilling second exploratory CCS well in Tomakomai

Aug 17

Egypt moves to fast-track Mediterranean gas field tie-in in pursuit of production growth

Aug 17

EIA, IEA, OPEC Reports Highlight 'Massive Divergence'

Aug 17

Saipem’s 26-year-old drillship on completion ops at Eni’s gas well offshore Sicily

Aug 17

Argentina LNG seeks RIGI approval for $51bn integrated LNG project

Aug 17

Petrobras widens Brazil’s Equatorial Margin push with hydrocarbon discovery off Amapá

Aug 17

Indian Oil Giant Secures U.S. License to Return to Venezuela

Aug 17

Petrobras confirms hydrocarbon presence in deepwater well off Brazil