News

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

OilPrice·Feb 27·1 min read

Venezuela Suspends 19 Oil Production Contracts

Venezuela's government has unilaterally halted 19 production-sharing agreements with private oil firms across key production areas, signaling a renewed push for state control over its vital energy sec

Oil Producers Negotiate Ending Windfall Tax with UK Government

The UK Treasury is reportedly evaluating the potential abolition of the Energy Profits Levy, commonly known as the windfall tax, on North Sea oil and gas produc

Rigzone·Feb 27

TotalEnergies signs preliminary deal to offtake Alaskan LNG for 20 years

French energy major TotalEnergies has signaled a significant long-term commitment to securing diversified LNG supplies by signing a preliminary agreement to pur

Offshore Energy·Feb 27·TotalEnergies SE

Aramco Starts Gas Production at Jafurah

Saudi Aramco has officially commenced gas production at its massive Jafurah unconventional field, marking a pivotal moment in the Kingdom's energy strategy. Thi

Rigzone·Feb 27

Oil Prices Set for Weekly Decline as Risk Premium Eases

Global crude benchmarks, Brent and WTI, are experiencing their first weekly downturn in a month, reflecting a significant easing of geopolitical risk premium. T

OilPrice·Feb 27
Feb 27

Glenfarne, TotalEnergies pen preliminary Alaska LNG deal

Feb 26

The 2026 Outlook for South America’s Top 5 Oil Producers

Feb 26

Britain Reconsiders 78% North Sea Oil Tax as Investment Slows

Feb 26

Oil Settles Mixed as Iran Talks Continue

Feb 26

BP Goes Big on Shale Oil Drilling

Feb 26

Cheniere’s Profit Soars by 64% in 2025 as LNG Demand Jumps

Feb 26

Exxon Mobil's Guyana Triumph Becomes Global Sales Pitch

Feb 26

Moscow Brands EU Leaders “Madmen” Over Oil Ban

Feb 26

Eni’s Oil and Gas Production Jumps 7% with Six New Projects

Feb 26

SBM Offshore 2025 profit falls 25% to $677m