News

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

Rigzone·Apr 21·1 min read

Texas Upstream Employment Continues Dropping

Texas upstream employment is declining, according to TIPRO. This indicates potential challenges in the Texas oil and gas sector, a major contributor to US energy production and the state's economy.

Oil Traders Warn Worst of Demand Hit Is Yet to Come

Leading oil traders are forecasting a further decline in oil demand due to the ongoing conflict involving Iran. This suggests current market conditions may wors

Rigzone·Apr 21

Oil Traders Warn of Recession Impact

Top oil traders are cautioning that the continued closure of the Strait of Hormuz elevates the probability of a global recession. This concern stems from the St

Rigzone·Apr 21

Sable Pursues Federal Funding to Ramp Up Santa Ynez Oil Production

Sable Offshore Corp is seeking federal funding to increase oil production at its Santa Ynez facility in California. The company is also engaged in legal dispute

Rigzone·Apr 21

ADX Energy begins drilling Hochfeld-1 gas well in Upper Austria

ADX Energy has commenced drilling operations at the HOCH-1 shallow gas exploration well within its ADX-AT-I exploration license in Upper Austria. This drilling

Offshore Technology·Apr 21
Apr 21

Petronas Eyes Terengganu Carbon Sinks

Apr 21

Currie Co-Founds New USA Focused Oil, Gas Company

Apr 21

Oil drops more than $1 as potential US-Iran talks lift supply outlook

Apr 21

Jadestone signs GSPA with PV Gas for Nam Du and U Minh fields

Apr 21

Don't Mistake Easing Oil Prices for Calm, Analyst Warns

Apr 21

Oil Markets on Edge as Trump Signals No Ceasefire Extension Without Agreement

Apr 21

DOF’s subsea vessel completes ‘major’ makeover at VARD

Apr 21

U.S. Oil Exports Set to Hit Record High

Apr 21

OMV Appoints Former BP EVP of Products as CEO

Apr 21

BP executive becomes OMV’s first female CEO