News

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

Rigzone·Mar 31·1 min read

TotalEnergies, Repsol Launch UK North Sea JV

TotalEnergies and Repsol have launched a joint venture, NEO NEXT+, in the UK North Sea. This new entity is poised to become the largest independent oil and gas producer on the UK continental shelf, si

Iran drone strike torches Kuwait-flagged tanker off Dubai

An Iranian drone strike ignited the Kuwait-flagged oil tanker Al-Salmi near Dubai, heightening existing tensions in the Gulf. This incident raises concerns abou

Offshore Technology·Mar 31

U.S. Gas Prices Top $4 as Middle East Conflict Disrupts Supply

U.S. gasoline prices have risen above $4 per gallon, primarily driven by escalating conflict in the Middle East, though prices have since slightly retreated. Th

OilPrice·Mar 31

Iranian Drone Sets Kuwaiti Oil Tanker on Fire

An Iranian drone allegedly struck a Kuwaiti oil tanker, the VLCC Al Salm, anchored in Dubai, causing a fire that has since been contained. This incident raises

OilPrice·Mar 31

Cheaper electricity in EU hinges on energy transition, expert says

A prominent Cypriot energy expert has articulated that achieving more affordable electricity across the European Union hinges on a two-pronged approach: signifi

Cyprus Mail·Mar 31
Mar 30

Coal Is Back — and Japan Is Driving the Rally

Mar 30

Oil Spike Collides With Fragile Global Growth

Mar 30

Chevron to partner with Libya’s NOC to assess offshore oil exploration

Mar 30

QatarEnergy Brings U.S. LNG Online Amid Ras Laffan Fallout

Mar 30

Powell: Fed Will 'Wait and See' Before Pulling Interest Rate Trigger

Mar 30

Oil Sales from California’s Santa Ynez Pipeline Begin

Mar 30

Bessent Says USA to 'Retake' Hormuz Control

Mar 30

North America Drops 33 Rigs Week on Week

Mar 30

Cyprus, Egypt sign ‘framework agreement’ for natural gas development

Mar 30

Golden Pass LNG launches first train