News

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

OilPrice·May 13·1 min read

Japan's Refinery Utilization Hits 73% as Strategic Oil Stocks Flow In

Japan's refinery utilization rates have increased to 73% in May, recovering from a crude supply crunch experienced in March and April. This rebound is attributed to releases from strategic petroleum r

Oil prices dip ahead of Trump-Xi talks amid Iran tensions

Oil prices decreased on May 13th due to two primary factors: uncertainty surrounding the ceasefire in the Middle East, particularly concerning Iran, and anticip

Offshore Technology·May 13

Iran Conflict Fundamentally Altered Global Energy Landscape

The conflict in Iran has fundamentally changed the global energy landscape, according to J.P. Hanson of Houlihan Lokey. This suggests significant disruptions to

Rigzone·May 13

Venture Global to supply 1mtpa of LNG to TotalEnergies and Vitol

Venture Global has entered into binding agreements to supply TotalEnergies and Vitol with a combined total of 1 mtpa of LNG. This deal signifies continued deman

Offshore Technology·May 13·TotalEnergies SE

BP Enters 6 Exploration Blocks in Uzbekistan

BP has entered into a production sharing contract for six exploration blocks in the North Ustyurt region of Uzbekistan. This marks BP's first venture into the C

Rigzone·May 13
May 13

Europe’s Gas Industry Seeks Relief From Storage Mandates

May 13

TotalEnergies and partners sign MoU for Syrian offshore exploration

May 13

Europe’s Dependence on U.S. LNG Is Set to Surge

May 13

Russia Sees Flat Oil Output This Year amid Ukraine Fightback

May 13

Chinese Oil Tanker Tests Safe Passage Through Strait of Hormuz

May 13

Syria’s offshore ambitions gather pace with TotalEnergies partnership

May 13

Canada’s Economy Caught Between Oil Windfalls and Trade Wars

May 12

Why Physical Crude Premiums Collapse Despite the Hormuz Crisis

May 12

5 Oilfield Services Stocks Built for a Post-Hormuz World

May 12

US Crude Inventories Fall But Gasoline Stocks See Surprise Build