News

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

OilPrice·Feb 3·1 min read

Global Climate Tax Plan Puts Big Oil in the Crosshairs

The United Nations is actively exploring a new international framework for tax collection, specifically targeting the global oil and gas industry to generate funds for climate change initiatives. This

US Crude Oil Inventories Take Big Hits In Storm Aftermath

The American Petroleum Institute's latest data indicates a substantial drawdown in U.S. crude oil stockpiles, far exceeding the previous week's reduction, prima

OilPrice·Feb 3

Washington Prepares Broad License to Restart Venezuelan Oil Production

The United States is reportedly preparing to ease long-standing sanctions on Venezuela's oil sector by issuing a broad license, allowing companies to resume cru

OilPrice·Feb 3

Eastern Mediterranean Expansion Underpins Chevron’s Growing Global Natural Gas Portfolio

Chevron is strategically increasing its natural gas operations within the Eastern Mediterranean region, a move driven by the sustained global demand for this fu

Natural Gas Intelligence·Feb 3·Chevron Corporation

Siemens is Scaling Up Investment in U.S. Grid

Siemens Energy is making a substantial $1 billion investment to expand its manufacturing capabilities in the United States, focusing on critical grid infrastruc

OilPrice·Feb 3
Feb 3

Iranian Gunboats Confront U.S.-Flagged Oil Tanker in Strait of Hormuz

Feb 3

Shell Sells 20% Stake in Offshore Orca Project to Kuwaiti Foreign Petroleum Exploration Company

Feb 3

Shell Sells 20% Stake in Brazil’s Orca Deepwater Project to Kuwaiti Firm

Feb 3

Trump Cuts India Tariffs

Feb 3

Iran Risk Hands Oil Algos Early Test

Feb 3

Oil Tanker Rates Soar Amid Shipping Shortages and Middle East Tensions

Feb 3

Exclusive interview with Eni: Gas and LNG at crux of multiple FIDs as ‘game-changing phase’ edges closer

Feb 3

DECARBON 2026: projects driving offshore carbon capture infrastructure in Europe

Feb 3

USA Flagged Oil Tanker Hailed by Armed Ships in Hormuz

Feb 3

USA Flagged Oil Tanker Hailed by Iranian Ships in Hormuz