News

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

Offshore Technology·Jun 12·1 min read

Oil prices drop by 2% as Trump calls off Iran strike plan

Crude benchmarks fell by over 2% following US President Donald Trump's decision to halt a retaliatory military strike against Iran, temporarily easing fears of a major supply disruption in the Persian

Greek player doubles US LNG supplies with expansion of Venture Global deal

The doubling of the long-term LNG supply agreement between Venture Global and Greece's newly formed Atlantic-SEE LNG Trade JV underscores Athens' accelerating a

Offshore Energy·Jun 12

Woodside moves to acquire PetroChina’s 10.67% Browse JV stake

Woodside Energy has strategically blocked PetroChina's exit to an outside party by exercising its pre-emptive rights to acquire a 10.67% stake in the massive Br

Offshore Technology·Jun 12

Naftogaz Wins Its First Long-Term Regasification Booking in Europe

Ukraine's state-owned Naftogaz has secured a landmark 12-year regasification capacity booking at Lithuania's Klaipeda LNG terminal, marking a major shift in Eas

Rigzone·Jun 12

Oil Prices Tumble 4% on Iran Peace Optimism

Crude oil benchmarks experienced a sharp sell-off, with Brent falling over 4% to trade around $86.36 per barrel, driven by growing market optimism regarding a p

OilPrice·Jun 12
Jun 12

Woodside ups Australian giant gas project share by stepping in on CNPC’s sale

Jun 12

US, Greece, Cyprus, and Israel Launch Eastern Mediterranean Energy Center

Jun 12

North Sea oil platform automation enhancement on ABB’s UK worksheet

Jun 12

Russian Oil Output at Lowest in Year amid Ukrainian Strikes

Jun 12

Trump Claims Iran Deal Close in Uturn

Jun 12

India Caps Fuel Sales to Avoid Shortages

Jun 12

Venture Global and Atlantic-SEE extend LNG deal to 20 years

Jun 12

Goldman Sachs Cuts 2027 Oil Price Estimate on Demand Uncertainty

Jun 12

Cyprus, Greece, Israel and US launch Eastern Mediterranean energy centre

Jun 12

U.S. To Build Its First Ever Floating LNG Export Terminal