News

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

OilPrice·May 21·1 min read

ADNOC Warns Gulf Oil Disruptions Could Last Until 2027

ADNOC's CEO, Sultan Ahmed Al Jaber, has warned that potential disruptions in Gulf oil supplies could persist until 2027, suggesting current oil prices are not accurately reflecting the risk premium as

Exxon, QatarEnergy sign MoU with Egypt to study Cyprus gas development

ExxonMobil and QatarEnergy have signed a Memorandum of Understanding (MoU) with Egypt to study the development of gas resources in Cyprus. This agreement signal

Seeking Alpha Energy·May 21·ExxonMobilQatar Energy

Oil Near $100 Seen as Base Case for 2026

The article indicates a growing consensus among oil market participants that crude oil prices will be capped near $100 per barrel through 2026. This suggests a

Rigzone·May 21

Borr Drilling’s CEO: Middle East conflict brings uncertainty but empowers long-term rig outlook

Borr Drilling, a jack-up rig specialist, has secured 13 contracts this year, adding 2,250 days and $274 million to its backlog. The CEO believes the Middle East

Offshore Energy·May 21

BP Enters 3 New Indonesian Blocks

BP has acquired three new exploration blocks in Indonesia, two of which are strategically located near the Tangguh LNG facility in Papua Barat. This move signal

Rigzone·May 21
May 21

US oil and gas lease sale in New Mexico and Texas raises more than $4bn

May 21

Offtake talks move forward for Southeast Asia’s $20 billion LNG project

May 21

Major breakthrough for Cyprus’ energy sector

May 21

BP, Inpex, CNOOC, and LNG Japan enrich oil & gas arsenal with new Southeast Asian blocks

May 21

QatarEnergy, ExxonMobil Explore Cyprus Gas Exports via Egypt’s Infrastructure

May 21

What Happens to Oil if Iran Permanently Taxes Hormuz Traffic?

May 21

When rising demand meets interrupted supply: how likely is an LNG glut?

May 21

From HAZOP to immersive risk simulation: how VR will improve safety in oil and gas

May 21

Ammonia-fueled two-stroke engine passes second FAT

May 21

Brent, WTI gain after Iran talks uncertainty and US inventory drop