News

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

OilPrice·Aug 20·1 min read

Tajikistan Turns to Iran for Oil as Russian Fuel Supply Collapses

Tajikistan has formally approached Iran to secure crude oil and refined petroleum products following severe domestic fuel shortages triggered by Russian export constraints. This strategic pivot illust

Norway Posts Higher Monthly Gas Production

Preliminary official figures show Norwegian natural gas output reached approximately 12.38 billion cubic feet per day in July, marking a second consecutive mont

Rigzone·Aug 20

Transocean’s 16-year-old drillship lands $300M job with India’s ONGC

Offshore drilling giant Transocean has secured a substantial multi-year fixture valued at approximately $300 million with India's state-backed exploration champ

Offshore Energy·Aug 20

USA Crude Oil Stocks See Another Build

Commercial crude inventories in the United States recorded another consecutive increase, reaching 428.8 million barrels according to the latest Energy Informati

Rigzone·Aug 20

Asia to spearhead global upcoming conventional refineries growth additions by 2030

Global downstream expansion over the 2026 to 2030 window will be predominantly driven by Asia through an aggressive pipeline of greenfield builds and brownfield

Offshore Technology·Aug 20
Aug 20

Monumental Closes In on New Exploration Block in New Zealand

Aug 20

Oil Giants Eye Jurassic Rocks off Mexico

Aug 20

Equinor to Enter Namibia by Joining Chevron Exploration Campaign

Aug 20

Who Were the Top USA Drillers, Customers in 1Q 2026?

Aug 20

EIA Sees Oil Crunch in 2026, Glut in 2027

Aug 20

Horizon announces first gas from Sinphuhorm Pad D in Thailand

Aug 20

CN Energy begins oil production at Cold Lake project, Alberta

Aug 20

Oil India keeps Dolphin Drilling’s rig on offshore assignment through October 2026

Aug 20

Oil India keeps Dolphin Drilling’s rig on offshore assignment through October

Aug 20

Middle East Oil Crisis Sends Supertanker Prices to Record Highs