News

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

Rigzone·Aug 24·1 min read

Iran Running Out of Oil Cargoes

Iranian crude flows toward Asian refiners have experienced an acute contraction, pushing spot premiums on remaining available barrels to multi-year highs. This supply crunch emerges ahead of anticipat

Petrobras begins talks for four offshore exploration blocks in Ghana

Brazilian state-controlled energy giant Petrobras has entered direct discussions to acquire exploration rights for four offshore acreage blocks in Ghana's under

Offshore Technology·Aug 24

New gas/condensate discovery adds to North Sea’s hydrocarbon riches

Norwegian upstream heavyweights Equinor and Aker BP have made a new offshore gas and condensate discovery on the Norwegian Continental Shelf, proving that matur

Offshore Energy·Aug 24

Exxon Eyes Shell’s $8 Billion U.S. Chemicals Business

ExxonMobil has emerged as a key contender to acquire Shell's United States chemicals portfolio in a potential transaction valued around $8 billion. The prospect

OilPrice·Aug 24·ExxonMobilShell plc

Oil Prices Slide 2% as Markets Brace for Bessent’s ‘Economic D-Day’

Global benchmark crude contracts retreated sharply during early Asian trading sessions as market participants capitalized on recent price rallies. The downward

OilPrice·Aug 24
Aug 23

Pemex and Petrobras Bet Big on High-Risk High-Reward Drilling Off Mexico

Aug 23

ExxonMobil Warns of Looming Decline at Kazakhstan's Top Oilfield

Aug 22

Every Chokepoint That Isn't Hormuz

Aug 22

US Refiners Face Import Crunch from Top Crude Seller

Aug 22

Cyprus Business Now: shipping forum, fuel prices, GSI, travelling, startups, CSE

Aug 21

China's New Five-Year Plan Preps the Nation for Peak Oil

Aug 21

The Race to Unlock the World’s Hidden Hydrogen Reserves

Aug 21

Oil Rises as US Targets Iran's Economy

Aug 21

Iraq Wants to Double Oil Output—and Needs OPEC to Get Out of the Way

Aug 21

Tankers Wait a Month as Venezuela Hits an Oil Export Ceiling