News

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

OilPrice·Aug 27·1 min read

TotalEnergies Exits Russia’s Sanctioned Arctic LNG 2 Project

French supermajor TotalEnergies has finalized the divestment of its 10% direct stake in the Russian Arctic LNG 2 project to Novatek-affiliated NordLine, concluding its formal operating ties to the ven

Soap Is Shale's Latest Breakthrough

U.S. shale operators are increasingly turning to advanced surfactant chemistry—essentially specialized industrial soaps—to boost hydrocarbon recovery rates from

Rigzone·Aug 27

PTTEP, Petronas’ 35-year gas deals bolster Thailand-Malaysia energy security axis

State energy champions PTTEP of Thailand and Petronas of Malaysia have formalized landmark 35-year production-sharing and gas sales frameworks covering their ov

Offshore Energy·Aug 27

Weak Asian Oil Imports Challenge Claims of Surge in Hormuz Transits

Recent trade flow data indicates that Asian crude oil import volumes are stagnating near July levels, directly contradicting assertions from Washington regardin

OilPrice·Aug 27

Analyst Explains Why Oil Prices Are Easing

Crude oil benchmarks have experienced downward pressure as market participants recalibrate their expectations around macroeconomic headwinds and shifting supply

Rigzone·Aug 27
Aug 27

Jadestone steps up production restart and development activity across Asia-Pacific

Aug 27

Qatar and Kuwait Restore 70% of Pre-War Oil Exports Through Hormuz

Aug 27

Omega Subsea expands Western Norway operations with new Hilleren base

Aug 27

Fire at Russia’s Amur petrochemical complex causes multiple casualties

Aug 27

CNOOC H1 2026 net profit rises 23.4% to $12.76bn

Aug 27

Seatrium set for back-to-back FPSO sailaways as duo heads to Petrobras’ Brazilian field within weeks

Aug 27

Enbridge to acquire Salt Creek Midstream’s crude assets for $600m

Aug 26

Electrifying offshore: what is slowing rig electrification?

Aug 26

Japan to Unveil New Oil Diversification Strategy