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

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OilPrice·Jun 10·1 min read

China Begins Tapping Oil Stockpiles as Middle East Crisis Drags On

Beijing's decision to draw down its massive strategic and commercial crude inventories starting in May signals a tactical refusal to chase high spot prices amid prolonged Middle East supply disruption

Historic game-changer at sea: Exmar’s first of four ammonia dual-fuel vessels delivered

The delivery of Exmar's first ammonia dual-fuel midsize gas carrier marks a critical operational milestone in the maritime industry's transition toward zero-car

Offshore Energy·Jun 10

Ksi Lisims LNG Secures Agreements with Tribes

The execution of key benefits agreements between the Ksi Lisims LNG project and local Indigenous nations marks a critical de-risking milestone for the proposed

Rigzone·Jun 10

Oil steady as US-Iran tensions offset expected US stock draw

Global crude benchmarks stabilized as escalating geopolitical friction between Washington and Tehran countered bullish domestic data from the United States. Whi

Offshore Technology·Jun 10

BP announces two-segment overhaul to simplify operations

BP's decision to consolidate its global operations into just two core divisions—Upstream and Downstream—represents a significant strategic pivot away from the c

Offshore Technology·Jun 10
Jun 10

Alberta Eyes General Corridor for New Pacific Oil Pipeline

Jun 10

PXGEO and Equinor putting drone for autonomous subsea inspection ops to the test

Jun 10

Shell Makes ‘Most Promising Subsurface’ Find in Well Offshore Namibia

Jun 10

U.S. Company to Send 250,000 Barrels of Fuel to Cuba

Jun 10

Shell’s new oil discovery adds fuel to Namibia’s black gold rush

Jun 10

JERA Awards 20-Year LNG Supply Contract to Petronas

Jun 10

U.S. to Release LNG and LPG Reserves to ASEAN Countries

Jun 10

Shell-led partnership finds oil at Namibia’s PEL 0039 with Merlin-1X

Jun 10

Japan Secures Major LNG Deal as Energy Risks Mount

Jun 10

Oil Prices Jump After U.S. Strikes Iran Over Downed Apache