News

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

Offshore Technology·May 13·1 min read

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 anticipation of trade discussions between US Pr

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

Europe’s Gas Industry Seeks Relief From Storage Mandates

European gas industry lobby groups are requesting the EU to ease gas storage refill mandates due to supply concerns exacerbated by the Middle East conflict. The

OilPrice·May 13
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

May 12

Strait Disruption Lifts Oil Again