News

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

OilPrice·May 14·1 min read

Malaysia Warns of Surge in Iranian Ship-to-Ship Oil Transfers

Malaysia has reported a surge in ship-to-ship oil transfers involving Iranian vessels just outside its territorial waters, facilitating oil shipments to China and circumventing U.S. sanctions. This ac

Sinopec wins approval for 235.7bcm Ziyang shale gas reserves

Sinopec has received approval for a significant 235.7 bcm of proven shale gas reserves at the Ziyang Dongfeng field in the Sichuan basin. This approval signifie

Offshore Technology·May 14

Cuba Runs Out of Diesel and Fuel Oil as Blackouts Worsen

Cuba is facing a severe fuel shortage, particularly of diesel and fuel oil, leading to worsening blackouts and a critical state of its energy system. The lack o

OilPrice·May 14

BP acquires 40% stake in Uzbekistan’s Ustyurt blocks

BP has acquired a 40% stake in a production sharing agreement (PSA) for six exploration blocks in Uzbekistan's North Ustyurt region. This signifies BP's continu

Offshore Technology·May 14

Big Oil’s offshore drilling plans spotlight West Africa’s deepwater hydrocarbon potential

Major international energy companies TotalEnergies and Chevron are significantly ramping up their deepwater exploration and appraisal efforts off the coast of N

Offshore Energy·May 14·Chevron CorporationTotalEnergies SE
May 14

Japan-Bound Oil Tanker Clears Strait of Hormuz Amid Iranian Crackdown

May 14

TotalEnergies Expands Mediterranean Exploration with Egypt Deal

May 14

Iberdrola Acquires Another Installed RE Plant in Italy

May 13

StanChart Warns Physical Oil Premium Collapse May Be Temporary

May 13

Big Oil Reconsiders Previously Unattractive Destinations

May 13

Senegal Targets $7.5B Gas Project to End Energy Subsidies

May 13

Oil Retreats After Inventory Data

May 13

China’s Invisible Hand Is Distorting Global Oil Markets