News

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

Rigzone·Aug 30·1 min read

Sapphire Acquires EDGE in Modular LNG Solutions Expansion

Sapphire has finalized the acquisition of EDGE, a strategic move designed to significantly enhance its footprint in the decentralized and small-scale liquefied natural gas sector. By integrating EDGE'

Iran War Adds $330 Billion to Global Energy Import Bill

Escalating regional conflict involving the United States, Israel, and Iran has inflated global hydrocarbon procurement costs by roughly $330 billion over a rece

OilPrice·Aug 29

Mexico’s Green Energy Push Is Finally Gaining Momentum

Mexican President Claudia Sheinbaum has initiated a major energy reform designed to unlock private sector investment and accelerate the nation's clean energy tr

OilPrice·Aug 29

U.S. Eyes 18th-Century Law to Seize and Sell Iranian Oil

Washington is evaluating the revival of an 18th-century maritime legal mechanism to streamline the seizure, forfeiture, and monetization of intercepted Iranian

OilPrice·Aug 29

Oil-Rich Azerbaijan Bets Big on a Clean Energy Boom

Azerbaijan, historically recognized as a cornerstone of Caspian fossil fuel extraction, is actively diversifying its energy portfolio to include large-scale ren

OilPrice·Aug 29
Aug 29

Venezuela Weighs OPEC Exit

Aug 28

Petrobras Considers Exporting LNG

Aug 28

Venezuela Helped Build OPEC. Now It May Help Break It Apart

Aug 28

The Iran War Has Turned VLCCs Into $650,000-a-Day Assets

Aug 28

U.S. Oil Rig Count Falls by 5 as Gas Rigs Rise

Aug 28

Gas Prices in Asia and Europe Jump as Qatar Extends LNG Force Majeure

Aug 28

Oil Shrugs Off Trump’s ‘Toughest Sanctions in History’

Aug 28

Ukraine Drones Spark Fire at Russian Refinery as Fuel Crisis Worsens

Aug 28

WATCH: Allseas takes 17,200-ton North Sea giant ashore 42 years after first oil

Aug 28

USA Crude Oil Stocks Rise Slightly