Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.
Idemitsu, a Japanese energy company, is investing $500 million in EIG's MidOcean to enter the liquefied natural gas (LNG) business. This move signifies Idemitsu's strategic diversification into LNG, a
ExxonMobil has awarded SBM Offshore contracts for FEED studies related to an FPSO for the Longtail project offshore Guyana. This award signifies continued progr
Shell's CEO, Wael Sawan, has cautioned that Europe is facing potential fuel shortages as early as April, citing tightening supplies of jet fuel, diesel, and gas
The Cypriot government is preparing an economic relief package to alleviate the financial burden on citizens from rising fuel prices, directly attributing the s
Indian refiners are set to receive 60 million barrels of Russian crude oil in April, purchased at premiums ranging from $5 to $15 per barrel. This significant p