News

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

Rigzone·May 15·1 min read

Vitol Offers Iraqi Oil in Sign of Hormuz Transits

Vitol, a major oil trader, is offering Iraqi Basrah crude to customers, suggesting that shipments are successfully navigating the Persian Gulf. This indicates that concerns about disruptions to oil fl

India Raises Fuel Prices for the First Time in Four Years

Indian state refiners have increased gasoline and diesel prices by approximately $0.031 per liter, marking the first price hike in four years. The increase, dri

OilPrice·May 15

Petronas picks local tubular running services provider for next five years

Petronas, Malaysia's national oil company, has awarded a five-year contract to a local tubular running services provider. This decision signals Petronas' contin

Offshore Energy·May 15

Ludoil Energy inks SPA for ISAB’s Priolo Gargallo refinery

Ludoil Energy, through its subsidiary Ludoil Capital, has signed an agreement to acquire GOI Energy's stake in ISAB, which owns the Priolo Gargallo refinery in

Offshore Technology·May 15

Seal of approval for Equinor’s drilling ops with Transocean’s 2016-built rig

Equinor has received approval from Norwegian authorities to commence drilling operations on the Norwegian Continental Shelf (NCS) using Transocean's 2016-built

Offshore Energy·May 15
May 15

Brent Heads for 6% Weekly Gain as Trump Loses Patience With Iran

May 15

Mexico's President Announces the Resignation of Pemex CEO Victor Rodríguez

May 14

India’s Oil Crisis Deepens as Hormuz Remains Shut

May 14

BLM Expands Oil Leasing Drive with July Auction Plans

May 14

Ottawa and Alberta Push New 1 Million Bpd Oil Pipeline

May 14

Protests Erupt as Cuba Says It's Entirely Out of Fuel

May 14

Cuba Runs Out of Fuel

May 14

Canada Rethinks Selling Its Crown Jewel Pipeline

May 14

Crude Steady Following Trump-Xi Summit

May 14

Chinese Tankers Resume Hormuz Transit Under Iran Coordination