News

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

Rigzone·Aug 25·1 min read

Asian Refiners Scoop Up US Crude

Asian refining hubs are accelerating their intake of American crude grades for September loading, effectively doubling their month-on-month volumes amid shifts in global arbitrage spreads. This surgin

ADNOC selects McDermott for Umm Shaif pressure boosting project

Abu Dhabi National Oil Company has contracted McDermott to deliver Package 4 of the offshore Umm Shaif Integrated Gas Cap and Surface Pressure Boosting developm

Offshore Technology·Aug 25

Venezuela’s Oil Revival Is Slower Than the U.S. Hoped

Despite significant geopolitical shifts in Caracas, major American upstream operators remain hesitant to re-enter Venezuela's massive hydrocarbon sector. The pr

OilPrice·Aug 24·Chevron Corporation

Europe’s Biogas Plants Could Become Fertilizer Factories

European energy planners are increasingly looking at anaerobic digestion and biogas facilities as dual-purpose infrastructure capable of yielding both biomethan

OilPrice·Aug 24

Oil Retreats While Iran Pressure Builds

Global crude benchmarks moved lower as market participants balanced escalating geopolitical friction between Washington and Tehran against broader macroeconomic

Rigzone·Aug 24
Aug 24

Sinopec Says China Oil Demand 'Very Likely' Peaked in 2025

Aug 24

Norway Warns Oil and Gas Output Could Collapse After 2030

Aug 24

TotalEnergies Backs Two Major Oil Pipelines to Bypass Hormuz

Aug 24

Goldman Sachs: Europe Needs Much Higher Gas Prices to Secure Winter Supply

Aug 24

McDermott clinches over $1 billion EPCI job for ADNOC’s $6.2B giant gas project

Aug 24

Iran Announces Gas Discovery

Aug 24

Equinor, Aker BP and Vår Energi launch multi-year hunt for Norway’s next big oil & gas discoveries

Aug 24

Equinor Bags Contract to Supply Gas to Germany for 15 Years

Aug 24

Iran reports discovery of 7.5tcf of natural gas reserves in Fars province

Aug 24

Iran Unveils Huge New Gas Discovery Amid U.S. Economic Pressure