Poland fines Gazprom $7.6 billion over Nordstream 2
Poland has fined Russia’s Gazprom GAZP.MM more than 29 billion zlotys ($7.6 billion) for building the Nord Stream 2 gas pipeline without Warsaw’s approval, its watchdog said...
Energy
Noble Energy shareholders approve $4.1 billion sale to Chevron
Noble Energy NBL.O shareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp CVX.N, making Chevron the No. 2 U.S. shale oil...
East Med Gas Forum could boost cross-border energy flow
By Dr. Charles Ellinas Egypt, Italy, Greece, Israel, Cyprus, Jordan and Palestinian Authority signed on Tuesday, through a teleconference, a charter turning the East...
Oil refiners worldwide struggle with weak demand, inventory glut
Global oil refiners reeling from months of lackluster demand and an abundance of inventories are cutting fuel production into the autumn because the recovery in...
Libya’s Haftar says he will lift oil blockade
Eastern Libyan commander Khalifa Haftar said on Friday his forces would let oil production resume after an eight-month blockade and a senior politician in Tripoli...
Nobel prize winner appointed chair of Egypt-Cyprus electricity project
Christopher Pissarides, Nobel prize laureate and professor of economics at the London School of Economics, has been appointed chairman of the economic council of EuroAfrica...
Europe has a diesel problem; refiners are feeling the heat
Europe, one of the world’s biggest diesel consumers, faces a major glut which combined with weak demand is weighing heavily on the ability of the...
No further delays seen in drilling programmes
Companies licensed to operate in Cyprus’ exclusive economic zone have not made further changes to their drilling schedules in relation to the coronavirus situation, Energy...
Chevron to exploit Aphrodite gas ‘as soon as possible’
President Nicos Anastasiades on Monday held a teleconference with energy giant Chevron CEO Michael Wirth whose company has recently acquired a share in the Aphrodite...
Final building permit given for EuroAfrica Interconnector
Cyprus has issued the final building permit for the Egypt-Cyprus electricity interconnection EuroAfrica Interconnector, it was announced on Wednesday. EuroAfrica Interconnector is the official project...
End game for oil? OPEC prepares for an age of dwindling demand
The coronavirus crisis may have triggered the long-anticipated tipping point in oil demand and it is focusing minds in OPEC. The pandemic drove down daily...
Chevron ‘remains interested’ in East Med after Noble buyout
Chevron and its latest acquisition, Noble Energy the concession holder for Cyprus’ Aphrodite field, reaffirmed their intention of continuing cooperation with the government, Energy Minister...
Chevron buyout of Noble could impact Cyprus drilling says minister (Updated)
The energy ministry said on Monday the buyout of Noble Energy, the concession holder for Cyprus’ Aphrodite field, by Chevron, which was announced on Monday...
Oil prices slip as clouds gather over fuel demand, looser supply curbs
Oil prices edged lower on Friday, with trading marked by growing uncertainty about global recovery in fuel demand as new COVID-19 cases surge in several...
China’s ports are clogged with oil carriers
There is so much oil in floating storage in China’s ports that they can’t even bring it all onshore. There are 50 million barrels on...
Oil and gas sector crisis deepens
Analysts state that it probably will be the end of 2023 before the industry recovers By Charles Ellinas One after the other major international oil...
Noble hints at delay in plans for Aphrodite gas field
Noble Energy, the primary concession holder on the Aphrodite gas field, has signalled they are putting on hold plans to develop and monetise the reservoir,...
As cabinet ratifies EastMed, global producers are struggling
As the Cyprus Cabinet ratified the EastMed gas pipeline project, which is intended to transport natural gas from the Levantine Basin in Israel and gas...
Eight bids for engineering supervision contract for LNG terminal
Eight bids have been received for the engineering supervision contract for building a Liquefied Natural Gas (LNG) terminal on the island to import the gas...
Cabinet ratifies EastMed gas pipeline
The cabinet on Thursday ratified the EastMed gas pipeline project, which had been signed in January by Greece, Israel, and Cyprus. The project is also...
