News

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

Splash247·Mar 13·1 min read

Worley selected for engineering work on Chevron’s Cyprus gas field

Chevron's Aphrodite gas field development offshore Cyprus has reached a crucial milestone with the selection of Australian engineering firm Worley. Worley will undertake the critical front-end enginee

Oil Prices Dip as U.S. Opens Brief Window for Stranded Russian Crude

The United States has issued a temporary license permitting the purchase of Russian crude oil and petroleum products currently unable to reach market. This prag

OilPrice·Mar 13

Canadian Crude Cashes In on War Premium

Canadian oil producers are experiencing a significant and unexpected financial uplift, directly benefiting from the geopolitical instability and resulting war p

OilPrice·Mar 13

Only 3 U.S. Airlines Can Remain Profitable at Current Oil Prices

Global oil prices experienced a significant surge following an escalation in geopolitical tensions involving Iran, leading Wall Street analysts to warn of sever

OilPrice·Mar 12

North Sea Drilling Won’t Protect Europe from Global Price Shocks

Despite efforts to bolster domestic production, such as increased drilling in the North Sea, Europe remains fundamentally exposed to global energy price volatil

OilPrice·Mar 12
Mar 12

Brent Closes Above $100 Amid Gulf Crisis

Mar 12

USA to Release 172MM Barrels of Oil for IEA Relief Plan

Mar 12

Iran Warns Gulf Energy Assets Could Burn if Its Oil Facilities Are Targeted

Mar 12

How Venezuela’s Oil Industry Killed Lake Maracaibo

Mar 12

The UAE’s Energy Playbook Is Paying Off Amid Global Turmoil

Mar 12

Fujairah Oil Terminals Resume Operations After Drone Attack

Mar 12

Hormuz disruption could hit Cyprus beyond fuel prices, economist warns

Mar 12

Asia to spearhead global CDU capacity additions by 2030

Mar 12

USA Oil, Gas Hiring Remains Disciplined

Mar 12

TotalEnergies Freezes Fuel Prices in France Amid ‘Exceptional Volatility’