News

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

Offshore Technology·Mar 3·1 min read

Oil prices continue to surge as Middle East tensions intensify

Global crude benchmarks experienced an upward trend on Tuesday, driven by escalating geopolitical tensions across the Middle East. The involvement of the US, Israel, and Iran in ongoing regional confl

Naftogaz to Import US LNG via Lithuanian Terminal

Ukraine's state-owned energy company, Naftogaz, is set to enhance its energy security by importing liquefied natural gas (LNG) from the United States through Li

Rigzone·Mar 3

Chevron ceases Leviathan Gas operations due to security issues

Chevron has invoked force majeure and suspended natural gas production at the Leviathan field offshore Israel, acting on a directive from the Israeli government

Offshore Technology·Mar 3·Chevron Corporation

Analysts Warn of Largest Oil Supply Disruption in History

S&P Global has issued a severe warning regarding the potential for an unprecedented global oil supply disruption. The firm's analysis highlights a hypothetical

Rigzone·Mar 3

Leask Marine takes delivery of purpose-built Multi Cat vessel from Damen

Dutch shipbuilder Damen Shipyards Group has successfully delivered a bespoke Multi Cat vessel to Scottish operator Leask Marine, enhancing the latter's speciali

Offshore Energy·Mar 3
Mar 3

Higher power transfers enabled as Prysmian qualifies use of 525 kV cables at up to 90°C

Mar 3

Chevron Completes Third Gathering Pipeline for Israel's Leviathan

Mar 3

Iranian attacks prompt Aramco to shut Ras Tanura refinery

Mar 3

British bases and terror plots: the two threats now facing Cyprus

Mar 3

Iran War Pushes Middle East Oil Tanker Rates to All-Time High

Mar 3

White House Prepares Plan to Combat Oil Price Spike

Mar 3

Cyprus Business Now: shipping, Oev, Keve, CySEC, fuel prices up, Olaf

Mar 3

Qatar’s LNG Blackout Just Broke the Global Gas Market

Mar 3

Qatar’s Latest LNG Mega-award Signals a Full Strategic Turn to the West

Mar 2

Surging Oil Prices Could Derail Pakistan’s Fragile Economic Recovery