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

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Rigzone·Apr 30·1 min read

OPEC+ Delegates Expect Another Symbolic Supply Hike

OPEC+ delegates anticipate another small, largely symbolic, oil production increase for June. This suggests a continuation of the group's cautious approach to boosting supply despite rising global dem

US court sends $4 billion LNG legal battle back to Virginia state court

A US court has sent a $4 billion lawsuit filed by Sinolam International against AES Corporation back to the Virginia state court. The lawsuit pertains to LNG-re

Offshore Energy·Apr 30

Brent reverses from 2022 high as Strait of Hormuz remains shut

Brent crude oil prices initially surged to a 2022 high of $126.41 per barrel due to concerns about a potential disruption of oil supply through the Strait of Ho

Offshore Technology·Apr 30

USA Crude Oil Inventories Drop More Than 6MM Barrels WoW

U.S. crude oil inventories, excluding the Strategic Petroleum Reserve (SPR), decreased by more than 6 million barrels week-over-week, reaching 459.5 million bar

Rigzone·Apr 30

BP signs MoU with Venezuela for Cocuina-Manakin gas project

BP has signed a Memorandum of Understanding (MoU) with Venezuela to develop the Cocuina-Manakin offshore gas field, located on the maritime border between Venez

Offshore Technology·Apr 30
Apr 30

Re-entry into Asian LNG project bolsters Eneos’ energy bonds with Petronas

Apr 30

CNOOC Ltd Logs Higher Q1 Profit

Apr 30

Converter station built, offshore cable installation underway in France for interconnector to Ireland

Apr 30

Top 20 themes shaping the oil and gas industry in 2026

Apr 30

US gas producer pens 20-year offtake with LNG project in Louisiana

Apr 30

Could This be the Beginning of the End for OPEC?

Apr 30

Obtaining production right for offshore block key to oil & gas firm’s South African expansion

Apr 30

Second Maersk Tankers vessel fitted with Spain-made suction sails

Apr 30

Eni Cyprus offers two scholarships for postgraduate studies in Italy

Apr 30

JHI’s shareholders’ approval next on the agenda to back Eco takeover