News

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

All ENI ExxonMobil TotalEnergies Shell Chevron Aphrodite Glaucus
OilPrice·May 15·1 min read

US Oil Rig Count Jumps amid Rising Crude Prices

The US oil rig count increased by 5 this week, reaching 415, contributing to a total active rig count of 551. While this week saw an increase, the total rig count is still down 25 compared to the same

Vaca Muerta Emerges as Top Alternative to Middle East Oil Supply Risk

The article highlights Vaca Muerta shale in Argentina as a potential alternative to Middle Eastern oil supply, particularly given increasing geopolitical instab

OilPrice·May 15

Xi-Trump Summit Disappoints as Oil Bulls Regain Momentum

Oil prices jumped $7 this week despite bearish demand forecasts from OPEC and the IEA. Geopolitical tensions surrounding Iran and the Strait of Hormuz, coupled

OilPrice·May 15

Pakistan Uses Diplomacy to Secure LNG Supply from Hormuz

Pakistan has reportedly secured safe passage for Qatari LNG vessels through the Strait of Hormuz, a critical chokepoint, amidst ongoing tensions in the region.

OilPrice·May 15

INPEX to Acquire PetroChina Stake in Australian Browse Gas Project

INPEX is set to acquire a stake from PetroChina in the Browse gas project located in Australia. This acquisition signifies INPEX's continued commitment to Austr

Rigzone·May 15
May 15

BP Weighs Egyptian Gas Asset Sale in Restructuring Drive

May 15

UAE to Double Oil Export Capacity Bypassing Hormuz by 2027

May 15

Texas Upstream Employment Rises

May 15

UK Moves to Ban New North Sea Oil and Gas Licences Permanently

May 15

Caturus makes FID on $13bn Commonwealth LNG project in Louisiana

May 15

India's Trade Deficit Jumps as Energy Import Prices Soar

May 15

Scottish Greens Push for Expanded Tax on Windfall Oil Profits

May 15

Yinson Production and PTSC lock in financing for Southeast Asian gas project’s FSO

May 15

India Signs LPG and Strategic Oil Reserves Deal with UAE

May 15

Industry players unite to form UAE’s first shipbuilding consortium