News

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

Offshore Technology·Aug 20·1 min read

Panoro to acquire stake in Côte d’Ivoire’s Block CI-27 from DNO

Independent E&P firm Panoro Energy is expanding its West African footprint by acquiring DNO's corporate subsidiary in Côte d’Ivoire, securing an indirect 9.09% interest in the prolific Block CI-27. Th

Elevated Oil Prices Push Japan’s Imports to an All-Time High

Surging global crude benchmarks combined with currency pressures have driven Japan's monthly import expenditures to a record peak of $76.39 billion. While physi

OilPrice·Aug 20

$1.1 billion in pre-investment contracts awarded for Mozambique’s LNG project

ExxonMobil and its joint venture partners have committed $1.1 billion toward front-end engineering and preliminary procurement for the Rovuma LNG development in

Offshore Energy·Aug 20·ExxonMobil

Chinese Refiners Snap Up Iraqi Oil as Gulf Supply Routes Fracture

Chinese refining entities have actively secured prompt volumes of Iraqi crude, taking advantage of competitive pricing despite escalating geopolitical friction

OilPrice·Aug 20

Hope Fades, Traders Brace for Extended Oil, LNG Squeeze

Energy commodity markets are undergoing a sharp sentiment shift as futures traders abandon assumptions of a rapid diplomatic resolution to Middle Eastern confli

OilPrice·Aug 19
Aug 19

SLB Prepares to Restart 15 Oil Rigs in Venezuela

Aug 19

Diesel Margins Top $100 a Barrel to Reach Record High

Aug 19

$100 Diesel Cracks Signal a Much Tighter Oil Market Than Brent Suggests

Aug 19

Oil Gains as Refinery Demand Surges

Aug 19

CoreMarine frees Argentina-bound FLNG for next job after eight-year Cameroon stint

Aug 19

Lloyd’s Register assists with LNG carrier-to-FSU conversion for African gas project

Aug 19

Shell Taps SLB for Production Restarts offshore Brunei

Aug 19

SLB wins offshore production restoration contract from BSP

Aug 19

Chinese Oil Tankers Turn Back as Hormuz Risks Mount

Aug 19

Equinor to acquire 17.4% interest in Namibia’s Orange Basin block