News

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

OilPrice·Jun 11·1 min read

Oil Could Hit $150 If U.S.-Iran Ceasefire Collapses

A potential breakdown of the fragile U.S.-Iran ceasefire could trigger a severe Middle Eastern supply shock, driving global crude benchmarks toward the $150 per barrel mark. According to projections b

Oil prices rise as US-Iran tensions intensify amid Hormuz closure

The sudden escalation in the Persian Gulf has triggered a sharp upward movement in global oil futures following reports of a potential disruption at the Strait

Offshore Technology·Jun 11

Rystad Warns Oil May Climb Towards $150

Independent energy research firm Rystad Energy has issued a stark warning that global crude prices could spike toward $150 per barrel if direct military hostili

Rigzone·Jun 11

Taihan Cable signs HVDC cooperation agreements with Jan De Nul and Boskalis

South Korea's Taihan Cable & Solution has strategically aligned with maritime heavyweights Jan De Nul and Boskalis through new memoranda of understanding to col

Offshore Energy·Jun 11

Japan Taps Reserves and New Suppliers to Beat the Oil Blockade

Japan has successfully insulated its energy security from escalating tensions in the Strait of Hormuz by strategically diversifying its crude oil procurement fo

OilPrice·Jun 11
Jun 11

Saipem wins $1bn contract for Uthmaniyah gas plant in Saudi Arabia

Jun 11

20-year LNG deal between Petronas and JERA strengthens Japan’s energy security

Jun 11

Trans Mountain Oil Pipeline Hits Full Capacity as Asian Demand Surges

Jun 11

New 3D streamer gig taking TGS to Africa & Middle East

Jun 11

Serica’s North Sea expansion boost: Acquisition wrap-up ensures oil & gas portfolio growth

Jun 11

SLB Lands Major Deal to Help Rebuild Venezuela’s Oil Industry

Jun 11

EnQuest to acquire Malaysian offshore PSC interests for $833m

Jun 11

Papastavrou: Global shipping accounts for less than 3% of global carbon emissions

Jun 11

OPEC Oil Production Falls to Lowest Level Since 2000

Jun 11

Oil Prices Spike as Iran Declares Strait of Hormuz Closed