News

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

OilPrice·Jun 12·1 min read

A War of Words Sends Brent Crude to a Two-Month Low

Crude oil benchmarks tumbled to their lowest levels in eight weeks as conflicting diplomatic signals between Washington and Tehran triggered intense market volatility. The sudden price drop reflects t

Europe Wary Of Too Much Dependence on U.S. LNG

European utilities are actively resisting long-term supply commitments with United States LNG developers, exposing a strategic rift between immediate energy sec

OilPrice·Jun 12

APA Expands Alaska Footprint with Savant Acquisition

APA Corporation's strategic acquisition of Savant Alaska, LLC marks a significant consolidation of its position on the North Slope, granting the operator direct

Rigzone·Jun 12

Nigeria's Crude Oil Production Hits 15-Month High

Nigeria's crude oil production recovery to a 15-month high in May signals a temporary reprieve for the West African producer, which has struggled with chronic u

OilPrice·Jun 12

No ‘immediate commercialization’ in sight for gas discovery offshore Japan

Japan Petroleum Exploration Co. (JAPEX) has tempered expectations regarding its recent offshore gas discovery in the Hidaka area of Hokkaido, signaling that com

Offshore Energy·Jun 12
Jun 12

Australian gas project’s LNG comes to Japan as JERA brings in first cargo

Jun 12

Norway Pitches Arctic Resources as Key to EU Energy Security

Jun 12

KOIL picks up new subsea umbilical gig

Jun 12

Aker BP Raises Stake in Norway's Johan Sverdrup

Jun 12

India Accuses West of Double Standards Over U.S. Russia Oil Sanctions

Jun 12

Equinor’s North Sea P&A ops with COSL’s 2012-built rig cleared for action

Jun 12

Oil Prices Slide as Traders Bet on Diplomacy

Jun 12

Oil Market Volatility Masks a Shifting Reality in the Middle East

Jun 12

MDL lends Saipem a hand with flex-lay prep for ops in Guyana

Jun 12

India Set to Miss Budget Deficit Target as Oil Shock Strains Public Finances