News

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

Rigzone·Jun 8·1 min read

Philippines Taps Japan to Help Build Oil Reserve

The Philippines has secured bilateral support from Japan to design and implement its first state-owned strategic petroleum reserve (SPR) to buffer against global supply shocks. This partnership levera

Asian player enters South America with multi-year job for Argentina LNG project

India's Adani Ports has secured a landmark 10-year marine services contract for Argentina's inaugural LNG export terminal, signaling a major geopolitical shift

Offshore Energy·Jun 8

WNEL signs rig contract for Mako gas field in Natuna Sea

Conrad Asia Energy, through its subsidiary West Natuna Exploration Ltd (WNEL), has secured a jack-up drilling rig from PT Pertamina Drilling Services Indonesia

Offshore Technology·Jun 8

OPEC+ 7 Decide to Boost Production in July

The decision by seven OPEC+ members to proceed with a planned production increase in July represents a calculated test of market demand amid ongoing global econ

Rigzone·Jun 8

Brent Climbs to $94 as Houthis Target Israeli Vessels in Red Sea

The escalation of maritime tensions in the Red Sea has pushed Brent crude prices to $94 per barrel following a formal shipping ban declared by Yemen's Houthi re

OilPrice·Jun 8
Jun 8

Oxy taking minor stake in ExxonMobil’s Caribbean ultra-deepwater block

Jun 8

China Delays 500,000 Bpd Of Refining Capacity As Hormuz Disruptions Deepen

Jun 8

Oil Rebounds on Fresh Middle East Supply Risk Pricing

Jun 8

Brazil-Belgium green shipping corridor powers consortium’s e-fuel uptick agenda

Jun 8

Saudi Arabia Slashes Oil Prices Again as Asian Demand Weakens

Jun 8

Oil prices surge more than $4 amid renewed Israeli strikes on Iran

Jun 8

BLM auction in Arctic refuge yields five oil and gas leases

Jun 8

Van Oord’s subsea rock installation vessel pair to sport TMC’s compressed air system

Jun 8

China Dominates Global Low-Carbon Investment as U.S. Momentum Slows

Jun 8

Aker BP gets hold of larger stake in huge North Sea oil field