News

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

Rigzone·Jun 8·1 min read

Eni Gets Exploration Block offshore Gambia

Italian energy major Eni has secured a strategic offshore exploration block in the Gambia, marking a significant expansion of its West African footprint. This acquisition leverages Eni's deepwater exp

OPEC+ Approves Another Oil Output Hike for July

OPEC+ has greenlit a modest production increase of 188,000 barrels per day for July, continuing its strategy of gradual supply restoration despite heightened ge

OilPrice·Jun 8

Oil Prices Spike After Iran and Israel Exchange Missile Attacks

The direct exchange of missile strikes between Iran and Israel has injected a fresh geopolitical risk premium into global crude benchmarks, reversing recent bea

OilPrice·Jun 8

Post-War Oil Trade Could Look Nothing Like It Did Before Hormuz

The global crude trade is undergoing a structural transformation as Persian Gulf producers aggressively invest in bypass pipelines to mitigate the vulnerability

OilPrice·Jun 7

OPAL Fuels, GFL Agree 2 Landfill Gas Projects

OPAL Fuels and GFL Environmental have solidified their waste-to-energy partnership by greenlighting two new Landfill Gas (LFG) to Renewable Natural Gas (RNG) re

Rigzone·Jun 7
Jun 6

Oil Market Flying Blind as Dark Tanker Traffic Surges in Hormuz

Jun 6

UK Sees Risk of $100 Oil Until 2028

Jun 5

Survey Shows OPEC Output Plunges Further

Jun 5

Oil Retreats on Global Demand Fears

Jun 5

SPR Borrowers Owe Uncle Sam 40 Million Extra Barrels

Jun 5

US Drillers Continue to Add Oil Rigs

Jun 5

Bank of England Official Says Oil Crisis Clouds Rate Outlook

Jun 5

India Launches 85% Ethanol Fuel to Cut Oil Import Dependence

Jun 5

Oil Markets Stop Believing Trump’s Peace Narrative

Jun 5

Oil India identifies natural gas in second Andaman offshore well