News

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

OilPrice·Jul 10·1 min read

Oil Prices Rally on Renewed Hormuz Supply Risks

Global crude benchmarks experienced a sharp upward correction, with WTI gaining nearly 5% to settle near $72 per barrel amid escalating geopolitical tensions in the Middle East. The price rally reflec

Nord Stream Loses Landmark Insurance Case as War Exclusion Prevails

The UK High Court's dismissal of Nord Stream AG's $662 million insurance claim marks a watershed moment for offshore energy infrastructure risk management. By u

OilPrice·Jul 10

Following merger with Eldorado, Vantage Drilling exits Euronext Growth

Offshore drilling contractor Vantage Drilling has officially delisted from the Euronext Growth Oslo exchange, finalizing a major corporate transition following

Offshore Energy·Jul 10

EIA Cuts 2026, 2027 USA Gasoline Price Projection

The U.S. Energy Information Administration (EIA) has revised its medium-term retail gasoline price forecasts downward for 2026 and 2027, signaling expectations

Rigzone·Jul 10

Dutch cable services firm moves closer to Baltic clients with hub in Sweden

Dutch subsea cable specialist WIND has strategically expanded its operational footprint into the Baltic Sea region by establishing a new logistics hub in Sweden

Offshore Energy·Jul 10
Jul 10

Baker Hughes wins contracts for Cheniere’s Sabine Pass LNG expansion

Jul 10

TotalEnergies exports first cargo from ECA LNG plant to Asia

Jul 10

Fuel Refining Margins Hit Record Highs as Markets Tighten

Jul 10

Nigeria’s long-term energy security strategy backed with new oil discovery

Jul 10

ADNOC, Mitsui Ink Broad Energy Partnership

Jul 10

More LNG Carriers Brave the Strait of Hormuz Despite Renewed Hostilities

Jul 10

New Pipeline Paves Way for Increased Israeli Gas Exports to Egypt

Jul 10

OneSubsea nets ‘one of industry’s largest umbilical contracts to date’

Jul 10

India Expands Strategic Oil Reserves With New ONGC Storage Plan

Jul 10

Petrobras closes acquisition of offshore block in São Tomé and Príncipe