News

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

OilPrice·Feb 12·1 min read

U.S. Shale Majors Take Fracking Global

U.S. shale oil and gas producers are strategically shifting their focus from purely domestic operations to acquiring international assets. This move is driven by evolving long-term global oil demand p

Who Really Owns Syria’s Oil and Gas Comeback?

Syria's al-Sharaa government initiated a new phase in its oil and gas sector reconstruction efforts in January 2026 by militarily advancing into territories pre

OilPrice·Feb 11

Oil Gains As Middle East Tensions Rise

Global crude oil prices registered an increase, primarily influenced by a heightened geopolitical risk premium stemming from escalating tensions in the Middle E

Rigzone·Feb 11

Saudi Arabia’s Aramco Begins Production At $100B Jafurah Gas Project

Saudi Aramco has initiated the production of light oil (condensate) from its massive Jafurah unconventional gas project, a significant milestone in the $100 bil

OilPrice·Feb 11

Libya Awards First Oil Blocks In 20 Years to Chevron and Europe’s Oil Majors

Libya's National Oil Corporation has initiated its first oil and gas licensing round in two decades, awarding exploration blocks to major international players

OilPrice.com·Feb 11·Chevron Corporation
Feb 11

Growth or Dividends, Aramco May Have to Choose

Feb 11

Libya Awards First Oil Blocks Since 2007 to Chevron, Eni

Feb 11

Libya Awards First Oil Blocks Since 2007 to Chevron, Eni, QatarEnergy and Repsol

Feb 11

Ukraine Hits Lukoil Refinery

Feb 11

Indian Refiners Urged to Buy More U.S. and Venezuela Oil

Feb 11

Petrobras’ largest-producing oil & gas field richer for another FPSO

Feb 11

EIA: US Crude Oil Inventories See Big Spike

Feb 11

TotalEnergies Q4 2025 net income declines by 26%

Feb 11

OPEC Says Oil Production Declined Last Month