News

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

OilPrice·Feb 5·1 min read

Russia Shrugs Off India’s Oil Deal With Trump

The United States recently finalized a trade agreement with India, which includes a commitment from New Delhi to increase its purchases of American oil and gas. This move is part of a broader deal whe

ExxonMobil Guyana acquires FPSO ONE GUYANA for $2.32bn

ExxonMobil Guyana has finalized the significant acquisition of the ONE GUYANA floating production, storage, and offloading (FPSO) vessel from SBM Offshore for $

Offshore Technology·Feb 5·ExxonMobil

Post-Assad Syria turns to offshore oil with Chevron-Qatar pact

Syria's state-owned oil company has initiated its first offshore oil and gas development by signing a Memorandum of Understanding with US energy giant Chevron a

Splash247·Feb 5·Chevron Corporation

U.S. Power Boom Triggers Global Gas Turbine Shortage

A significant surge in U.S. power consumption, primarily driven by the rapid expansion of hyperscale data centers and artificial intelligence infrastructure, is

OilPrice·Feb 4

Russia Leans on China as U.S. Tries to Squeeze Indian Oil Trade

Russian President Vladimir Putin and Chinese President Xi Jinping recently underscored the strategic depth of their nations' energy partnership, with Putin ackn

OilPrice·Feb 4
Feb 4

Mexico’s Pemex Vows To Continue Oil Exports To Cuba Amid Trump Threats

Feb 4

Oil Companies Snap Up West African Blocks in Search for Next Big Thing

Feb 4

Uniper Shrugs Off Europe’s Growing Reliance on American LNG

Feb 4

Russian Oil Revenues Plunge to 5 Year Low

Feb 4

Crude Oil Inventories Continue To Fall: EIA

Feb 4

Trafigura Calls for a Rethink of LNG Project Funding

Feb 4

15,066 blocks up for grabs in next US offshore oil & gas lease sale