Exxon To Expand Cyprus Offshore Footprint

Cyprus has confirmed that ExxonMobil (60% op) and QatarEnergy (40%) are in looking to expand their offshore Cyprus portfolio, adding more acreage to negotiations first revealed by MEES in May (MONDAY, May 15). Speaking i...

US Reimposes Iran Oil Sanctions After Tanker Attacks

US Reimposes Iran Oil Sanctions After Tanker Attacks

The United States (US) reimposed sanctions on Iranian oil on July 7, with a US official warning that Tehran’s attacks on vessels transiting the Strait of Hormuz were wholly unacceptable and would draw consequences, Reu...

Gulftainer commits to $2bn expansion plan

Gulftainer commits to $2bn expansion plan

Operator commits $2bn to fold ports, rail and logistics parks into a single platform, lifting Khorfakkan capacity to 5 million TEUs, three months after the port was struck by intercept debris and as the Strait of Hormuz ...

Israel’s NewMed Faces Lawsuit Over Egypt Gas Deal

An Israeli court has approved a class action suit against NewMed Energy over allegations that the company failed to disclose a material risk in a landmark gas export agreement that helped establish Israel as a regional g...

QatarEnergy Cuts LNG Deliveries to Bangladesh

QatarEnergy Cuts LNG Deliveries to Bangladesh

QatarEnergy has reduced its scheduled liquefied natural gas (LNG) deliveries to Bangladesh by half this year as disruptions linked to the ongoing US -Israeli war on Iran continue to affect shipments through the Strait of...

Genel Diversifies Production Base With Egypt Entry

UK-listed Genel Energy has agreed a $360mn all-cash takeover of Edinburgh-headquartered, Egyptian producer, Capricorn Energy, in a move that will transform the Iraqi Kurdistan-focused company into a more diversified Mena...