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

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Rigzone·Mar 4·1 min read

Equinor Reaches Deal with Canadian Province to Advance Bay du Nord

Equinor has secured an agreement with a Canadian provincial government, clearing a significant hurdle for its Bay du Nord deepwater oil project. This development signals a renewed commitment to advanc

Aramco to divert oil exports via Red Sea amid Hormuz tensions

Saudi Arabia's national oil company, Aramco, is strategically shifting some crude exports to the Red Sea, aiming to circumvent the Strait of Hormuz. This proact

Offshore Technology·Mar 4

Fire erupts at Fujairah oil hub from intercepted drone debris

A significant fire erupted at the United Arab Emirates' Fujairah oil-trading hub, reportedly triggered by debris from an intercepted drone. This incident unders

Offshore Technology·Mar 4

Asian LNG Prices Soar to Three-Year High

Asian spot LNG prices have surged to a three-year high of $35.40/MMBtu, doubling in a week, following QatarEnergy's suspension of production. This disruption wa

OilPrice·Mar 4·Qatar Energy

Saudi Oil Storage Filling Fast, Kayrros Says

Saudi Arabia's major oil storage facilities are rapidly approaching capacity due to the effective closure of the critical Strait of Hormuz export route, accordi

Rigzone·Mar 4
Mar 4

Oil, Fuel Contracts Break Records on Surging Prices

Mar 4

JP Morgan Warns of Catastrophic Oil Supply Loss from Middle East War

Mar 4

Petrofac, CBI Deal Faces Hurdle as Creditor Arrangement Challenged

Mar 4

Iran Conflict Could Turn Canada Into the Market’s Most Reliable Oil Supplier

Mar 4

Iraqi Supply Loss Could Expose the Real Limits of OPEC Spare Capacity

Mar 3

As Oil Surges To $80, China’s Stockpiles Become Strategic Leverage

Mar 3

US Crude Oil Inventories Continue to Build While Gasoline Draws Down

Mar 3

Oil Rally Pauses After Trump Pledge

Mar 3

How Chevron’s New Deals Could Transform Iraq’s Production Outlook

Mar 3

Sanctioned Russian LNG Tanker Explodes in Mediterranean — A First of Its Kind?