News

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

OilPrice·May 14·1 min read

Chinese Tankers Resume Hormuz Transit Under Iran Coordination

Chinese tankers have reportedly resumed transiting the Strait of Hormuz under Iranian coordination, coinciding with discussions between Presidents Trump and Xi regarding the importance of free energy

How the Hormuz Crisis Is Threatening Taiwan’s Power Grid

Taiwan's heavy reliance on LNG imports, particularly from the Gulf region, makes its power grid vulnerable to disruptions in the Strait of Hormuz. With a signif

OilPrice·May 14

Russia’s Oil Windfall Gets Bigger as Hormuz Stays Shut

The article suggests that Russia is benefiting financially from the disruption of oil flow through the Strait of Hormuz, likely due to a hypothetical Iran war.

OilPrice·May 14

ADES’ 1982-built rig scoops up multimillion-dollar drilling gig in Nigerian waters

ADES Holding Company secured a multimillion-dollar drilling contract in Nigerian waters for its 1982-built jack-up rig. This demonstrates continued demand for o

Offshore Energy·May 14

Delegates Say OPEC+ Has Plan to Complete Series of Quota Hikes

OPEC+ delegates have indicated a commitment to maintaining the current strategy of gradually increasing oil production quotas in the coming months. This suggest

Rigzone·May 14
May 14

BP and SOCAR fortify energy ties

May 14

USA Crude Oil Stocks Drop More Than 4MM Barrels WoW

May 14

Worley and Baker Hughes embarking on integrated lower-carbon LNG quest

May 14

ENEOS to buy certain Chevron downstream assets in APAC for $2.2bn

May 14

Bill Seeks to Tax Windfall Oil Profits in US amid Iran War

May 14

Rig job for Southeast Asian development campaign goes to PV Drilling

May 14

JP Morgan Warns Oil Could Average $151 in Q4

May 14

Cyprus building permits skyrocket in January as residential pipeline doubles

May 14

Meren Books Hedging Losses

May 14

TotalEnergies, EGAS ink offshore exploration deal in Egypt