News

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

Offshore Energy·Aug 17·1 min read

DOF adds 80 days of subsea work to backlog in Asia-Pacific

Norwegian offshore services contractor DOF Group has expanded its operational footprint in the Asia-Pacific region by securing two new subsea service awards. The contracts collectively add approximate

Hormuz Tanker Traffic Slows to a Trickle

Commercial maritime transit through the Strait of Hormuz has experienced a severe deceleration, injecting an immediate geopolitical risk premium into internatio

OilPrice·Aug 17

Have Middle East Oil Flows Rebounded to 15 Million Bpd as U.S. Claims?

Recent claims by U.S. Energy Secretary Chris Wright asserting that Middle East crude exports have surged back to 15 million barrels per day (bpd) and briefly br

OilPrice·Aug 16

Europe’s Gas Storage Crunch Deepens Ahead of Heating Season

European natural gas markets face severe pre-winter supply vulnerability as underground storage facilities sit at their lowest levels in nearly two decades. Wit

OilPrice·Aug 16

Oil Majors Reap $93 Billion Windfall From the Iran War

Severe maritime disruptions around the Strait of Hormuz tied to escalating conflict involving Iran have triggered a sharp spike in international benchmark crude

OilPrice·Aug 16
Aug 16

Diversified Said to Close In on Birch Deal

Aug 15

Electric Aviation Won't Kill Jet Fuel - But It Could Take the Best Routes First

Aug 15

The Battle Over North Sea Oil Is Heating Up Under Britain’s New PM

Aug 15

Russia's Oil Industry Is Running Out of Room to Absorb More Shocks

Aug 15

Mexico Is Betting on Biofuel to Tackle Its Seaweed Crisis

Aug 15

Shell Loses Long Court Fight for South African Exploration

Aug 15

Somali Piracy Surges Amid Hormuz Blockade

Aug 14

Oil Rises as US Threatens Iran

Aug 14

Why a Record-Strength El Niño Still Might Not Save Europe's Gas Market

Aug 14

US Oil Drillers Add Even More Rigs As Oil Prices Stay Higher