News

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

OilPrice·Jun 11·1 min read

The Reliability Crisis Utilities Don't Want to Talk About

The rapid expansion of artificial intelligence data centers is colliding with a stagnant electrical grid infrastructure, creating a severe reliability crisis for power utilities. This surge in demand

Oil Falls to April Lows on Trump Signals

Crude oil benchmarks collapsed to their lowest levels since April following unexpected diplomatic signals from Donald Trump regarding a potential rapprochement

Rigzone·Jun 11

9 Billion BOE on the Table as Kazakhstan Opens Biggest Licensing Round in Years

Kazakhstan has launched its most ambitious upstream licensing round in recent years, offering exploration rights across a massive acreage with significant resou

OilPrice·Jun 11

Hanwha Ocean-built FPSO’s oil offloading opens revenue flows for Petrobras

Petrobras has successfully commenced commercial operations and generated its first revenue from the FPSO Sepetiba, operating in the ultra-deepwater Mero field w

Offshore Energy·Jun 11

Greek LNG Buyer Says Long Term USA Deals Getting Harder

The growing difficulty in securing long-term U.S. liquefied natural gas (LNG) contracts highlights a tightening global supply market and a widening gap between

Rigzone·Jun 11
Jun 11

USA Gasoline Prices Drop for 4 Straight Weeks

Jun 11

EnQuest makes $833 million play to expand its Southeast Asian oil & gas arsenal

Jun 11

Dangote Refinery Seeks to Raise $1B in Private Debt Sale

Jun 11

Alberta Says It's Talking with Fortune 500 Co to Finance Pipeline

Jun 11

ExxonMobil puts Shearwater on seismic duty offshore Guyana

Jun 11

Scottish player ships 60-ton subsea structure for Norwegian oil & gas playground

Jun 11

India Secures Crude Supply Through August with Higher UAE Imports

Jun 11

USA Commercial Crude Oil Stocks Down Over 7MM Barrels WoW

Jun 11

Oil Could Hit $150 If U.S.-Iran Ceasefire Collapses

Jun 11

Oil prices rise as US-Iran tensions intensify amid Hormuz closure