• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 6 days America should go after China but it should be done in a wise way.
  • 12 days Does Toyota Know Something That We Don’t?
  • 1 day World could get rid of Putin and Russia but nobody is bold enough
  • 1 day How Far Have We Really Gotten With Alternative Energy
  • 2 hours Even Shell Agrees with Climate Change!
  • 2 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in

Breaking News:

OPEC Lifts Production in February

Editorial Dept

Editorial Dept

More Info

REGULATORY ALERTS – Noble in Cyprus & Gazprom Withdraws from Greece

Noble Seals Cyprus LNG Terminal Deal

Last week, Cyprus approved a deal with Houston-based Noble Energy Inc. (NBL) and its Israeli partners (Delek Drilling LP and Avner Oil Exploration LLP) for construction of an LNG terminal on the island. We don’t have the financial details of the deal yet, but this looks good for Noble, which is riding high on major finds in Israel’s Levant Basin, with major interest in the Leviathan and Tamar fields, the latter which began producing earlier this year. Also last week, Israel made a decision on gas exports, allowing 40% of its natural gas for export, keeping the rest for domestic use.

Gazprom Withdraws from Greece Public Gas Tender

Russian Gazprom appears to have withdrawn from bidding for Greece’s Public Gas Corporation (DEPA). Bids were due on 10 June, but Gazprom’s didn’t make it, with the company later saying that the Greek government failed to offer enough incentives for the acquisition. All evidence, however, is to the contrary. Greece had met all of Gazprom’s demands for this deal as it was keen on ensuring it went through. Instead, Gazprom likely withdrew after European Commission warnings (tongue-in-cheek) that Gazprom’s attempts to acquire DEPA would violate the European Union’s energy market and competition laws.

As we noted earlier this month, a minor Russian holding was attempting to bid on DEFSA, Greece’s state-owned Gas Transmission System Operator,…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News