News

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

Offshore Technology·May 18·1 min read

Santos starts oil output at Alaska’s Pikka project

Santos has initiated oil production at the Pikka Phase 1 project in Alaska, targeting an initial output of 20,000 barrels per day (gross). This marks a significant milestone for Santos and contributes

China’s Coal Output Slips as Imports Extend Decline

China's coal production experienced a slight decrease in April, falling 1% to 385.63 million tons after reaching a record high in March. This marginal decline,

OilPrice·May 18

GeoXYZ getting ready for surveys at proposed Northern Ireland-Scotland interconnector

GeoXYZ has been contracted to perform UXO investigation and geotechnical surveys for the proposed Northern Ireland-Scotland interconnector project. This is a cr

Offshore Energy·May 18

The Middle East Oil Crisis Has Already Cost Global Businesses $25 Billion

A Reuters analysis reported by OilPrice indicates that the conflict involving the U.S., Israel, and Iran has already cost global businesses $25 billion due to d

OilPrice·May 18

Brent Breaks $111 as Oil Markets Brace for Shortages

Brent crude oil prices surged above $111 per barrel due to drone attacks on oil infrastructure in the UAE and Saudi Arabia, coupled with the absence of progress

OilPrice·May 18
May 17

Oil Shortage Scenario Looms Large

May 17

U.S. Upstream Mergers Hit $38B As M&A Rebounds

May 17

Clean Energy’s Dirty Secret Lies in Critical Mineral Extraction

May 17

Brazil Tops Shell Payments to Governments in 2025

May 16

Big Oil Rushes Into Argentina’s Vaca Muerta Shale

May 16

Turkey and Armenia Move Closer to Historic Normalization Deal

May 16

The Fertilizer Shock That Could Trigger a Global Food Crisis

May 16

Sheinbaum Taps Pemex CFO to Run Mexico Oil Giant

May 15

Oil Surges as Supply Risks Deepen

May 15

Canada Clears Path for West Coast Oil Pipeline Build