News

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

OilPrice·Feb 12·1 min read

Inpex Warns Of Looming LNG Crunch in Asia

Japanese energy giant Inpex has projected a significant LNG supply shortfall in the Pacific coastal region, encompassing major Asian markets, by 2035. This warning, detailed in their 2025 earnings rep

Ukraine Strikes 2nd Lukoil Refinery in Russia This Week

Ukrainian forces have successfully targeted another Russian oil refinery owned by Lukoil PJSC with drones, marking the second such incident involving the compan

Rigzone·Feb 12

USA Crude Oil Stocks Rise More Than 8MM Barrels WoW

The United States experienced a substantial increase in its commercial crude oil inventories, with stocks rising by over 8 million barrels week-over-week to rea

Rigzone·Feb 12

Vår Energi, Kistos drill dry well in Balder, North Sea

Vår Energi and Kistos Energy recently concluded exploration drilling on the Prince Updip prospect within the mature Balder area of the North Sea, resulting in a

Offshore Technology·Feb 12

Adnoc’s XRG seals binding Argentina LNG deal with YPF and Eni

Adnoc's investment arm, XRG, has formally committed to a significant liquefied natural gas export project in Argentina, partnering with state-owned YPF and Ital

LNG Prime·Feb 12·ENI S.p.A.
Feb 12

Chevron secures Libyan exploration block in Sirte Basin

Feb 12

Crude Glut Is a Boon for USA Refiners

Feb 12

Wright Says China Bought Some VEN Oil From the USA

Feb 12

EnQuest joins Cendramas PSC partnership in Malaysia

Feb 12

Transocean secures contracts worth $184m for two rigs

Feb 12

TotalEnergies Asks EU to Clarify Russian LNG Ban

Feb 12

Eni and QatarEnergy pick up exploration license in North Africa

Feb 12

U.S. Energy Secretary Says Venezuela Could See Surge in Oil Output

Feb 12

Our View: Further proof Cyprus authorities not up to challenge of creating LNG terminal

Feb 12

Five Oil & Gas Dividend Stocks for the Year Ahead