News

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

Rigzone·Mar 9·1 min read

Iran Names New Supreme Leader as Trump Downplays Oil Spike

Iran has reportedly appointed the son of the late Ayatollah Ali Khamenei as its new Supreme Leader, marking a significant political transition in a key global oil producer. Concurrently, President Don

USA Crude Oil Stocks Rise Week on Week

The United States experienced an increase in its commercial crude oil inventories, reaching 439.3 million barrels as of February 27, according to the latest wee

Rigzone·Mar 9

Saudi Arabia Starts Oil Cuts

Saudi Arabia has commenced a reduction in its crude oil production, a move that coincides with significant operational disruptions at the critical Strait of Hor

Rigzone·Mar 9

Santos Greenlights Cooper Basin Infrastructure Upgrade

Santos has given the green light to a crucial infrastructure upgrade in Australia's Cooper Basin, focusing on replacing outdated gas-fired compressor stations w

Rigzone·Mar 9

Resource Estimates for Chevron's Aphrodite Raised

A recent independent assessment has slightly upgraded the contingent gas resources within Chevron's Aphrodite field on the Cypriot side, indicating a modest but

Mar 9

Cyprus fuel prices expected to rise further as global oil costs surge

Mar 9

Lamprell, RTE International to collaborate on offshore transmission projects

Mar 9

Bahrain’s Bapco announces force majeure after drone strike on refinery

Mar 9

Four Borr Drilling rigs’ ops in Middle East on ‘standby’

Mar 9

MOL Enters European Offshore Wind CSOV Market

Mar 9

MOL enters European offshore wind vessel market

Mar 9

Shell Inks Oil and Gas Exploration Deals with Venezuela

Mar 9

Türkiye’s Karpowership puts Seatrium at the wheel of FSRU conversion job

Mar 9

CMA CGM completes its first and ‘China’s largest’ single biomethanol bunkering

Mar 9

Analyst Flags 'Incredible' Oil Price Moves