News

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

OilPrice·Sep 17·1 min read

StanChart Sees Higher Oil Floor as Hormuz Crisis Spreads to Saudi Export Routes

Crude benchmarks experienced a moderate technical retracement while sustaining elevated triple-digit pricing amid escalating geopolitical friction surrounding the Strait of Hormuz. Investment bank Sta

Tanker Rates Smash $1 Million a Day as Oil Shipping Crisis Deepens

Global maritime energy logistics have entered uncharted territory as daily charter rates for crude and fuel carriers crossed the unprecedented $1 million thresh

OilPrice·Sep 16

Oil Above $100 Pushes U.S. Fuel Prices to New Records

Crude benchmarks breaching the triple-digit threshold signals that geopolitical risk premiums have fundamentally decoupled from baseline supply-demand balances.

OilPrice·Sep 16

Halliburton bags Eni’s deepwater bundle as Eastern Mediterranean gas buildout continues

Halliburton has been awarded a multi-year, bundled well construction and completion services contract by Eni for an ultra-deepwater development offshore Cyprus.

Offshore Energy·Sep 16·ENI S.p.A.

Southeast Asia’s hydrocarbon push: Valeura hits oil pay, eyes new satellite development

Canadian upstream operator Valeura Energy has logged a new offshore oil discovery in the Gulf of Thailand, drilled within tie-back distance of its existing prod

Offshore Energy·Sep 16
Sep 16

FSRU docks in Stade as LNG terminal prepares to feed gas into German grid from November

Sep 16

Buru Says Rafael Gas Project Holds Over 15 MMboe 2P Reserves

Sep 16

Japan’s Top LNG Buyer to Sell Excess Gas in Global Markets

Sep 16

Fore-accommodation LNG carrier with four Wind Challenger sails clears LR design appraisal

Sep 16

Sri Lanka invites explorers to assess four Mannar Basin blocks

Sep 16

Saudi Arabia Pivots to Spot Oil Sales After Key Pipeline Goes Offline

Sep 16

Verlume and SubCtech join forces to power up integrated subsea ops

Sep 16

Eni adds Halliburton to Cronos contractor lineup

Sep 16

TotalEnergies and Mistral launch oil and gas AI partnership

Sep 16

Japanese Refiners Rush for Oman Crude After Saudi Pipeline Shutdown