News

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

Offshore Technology·Jun 17·1 min read

Equinor aims for output of 2.3mboe/d by 2030 in new growth plans

Norway's state-backed energy giant Equinor has unveiled an ambitious strategy to scale up its global production to 2.3 million barrels of oil equivalent per day by 2030. This target underscores a broa

China Bets on Ultra-Deep Shale Gas to Boost Energy Security

Sinopec's aggressive push into the Sichuan Basin's ultra-deep shale formations represents a high-stakes technological bet to reverse China's chronic underperfor

OilPrice·Jun 17

Oil Tankers Reverse Course on Hopes of Hormuz Reopening

The sudden rerouting of laden crude tankers back toward the Persian Gulf indicates that maritime shippers are rapidly reassessing geopolitical risks in the Stra

OilPrice·Jun 17

US Crude Oil Inventories Down Again, Losing 52 Million Barrels in 9 Weeks

The rapid depletion of US commercial crude stockpiles, which shed over 52 million barrels in just over two months, signals a highly tight physical market that i

OilPrice·Jun 16

Egypt Clears $6 Billion in Energy Debt and Opens Door to a New Gas Boom

Egypt's complete clearance of its $6 billion outstanding debt to international oil companies marks a critical turning point for the East Mediterranean's energy

OilPrice·Jun 16
Jun 16

Oil Extends Losses as Hormuz Reopens

Jun 16

Norway Moves to Extend the Life of Europe’s Most Important Oil Field

Jun 16

Oil Prices Crash as Traders Bet the War Is Over

Jun 16

Chinese Refining in May at Lowest Level in Nearly 4 Years

Jun 16

Hundreds of Well Workers offshore Norway Go on Strike

Jun 16

Trio sets the stage for Mediterranean Sea oil & gas exploration with North African PSA

Jun 16

Chevron to partner with HelleniQ Energy on Block 10 in Greece

Jun 16

Qatar Eyes Quick LNG Restart Once Hormuz Reopens

Jun 16

Chugach eyes gas from Alaska’s $44B LNG project with Glenfarne deal

Jun 16

New CEO takes over at N-Sea