News

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

OilPrice·May 29·1 min read

U.S. Crude Exports Surge To All-Time Highs Amid SPR Releases

U.S. crude oil exports have reached record highs, likely influenced by releases from the Strategic Petroleum Reserve (SPR). The article suggests a potential market correction due to optimistic assumpt

Summer Heatwaves May Deepen the Global LNG Crunch

The global LNG market is facing increased pressure due to higher-than-expected summer temperatures and the El Niño weather pattern, which are expected to drive

OilPrice·May 28

Crude Mixed on Iran Truce Talks

Crude oil prices experienced mixed trading as the potential for a renewed Iran nuclear deal, which could increase global oil supply, was weighed against a repor

Rigzone·May 28

Chevron Files to Take 70% Stake in Greek Offshore Block

Chevron is seeking to significantly expand its footprint in the Eastern Mediterranean by acquiring a 70% operating stake in an offshore exploration block in sou

OilPrice.com·May 28·Chevron Corporation

SEFE to Book Its First LNG Supply from Canada

Ksi Lisims LNG has signed a preliminary agreement to supply SEFE, a German state-owned utility, with 1 million metric tons per annum (MTPA) of LNG for up to 20

Rigzone·May 28
May 28

Monumental Energy Raises $2.2MM in Share Offering

May 28

Pembina Approves New NGL Extraction Plant Project

May 28

Malaysia Boosts Domestic Gas Use as Power Demand Hits Record Highs

May 28

Technip Energies rakes in over €1 billion for job on $13B US LNG project

May 28

Hydrocarbons: New step for exploration in Greece – Chevron enters Block 10

May 28

Venterra’s Oceanscan opens new facility after ‘standout year of growth’

May 28

NOG Enters Canada with Duvernay Acquisition from Parallax

May 28

TotalEnergies Plans $5.2 Billion Offshore Wind Project in Normandy

May 28

IEA Sees Oil Investments Dropping for 3rd Year

May 28

LNG pact enables Greek FSRU to boost Southeast Europe’s gas supply diversification