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...
Energy
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...
ENI will not leave Cyprus while it has a licence says Italian FM
Italy assured Cyprus on Saturday that it’s energy giant ENI will not leave the island’s exclusive economic zone as long as it has a licence....
Cyprus must redirect its energy policy
By Charles Ellinas The international oil and gas companies (IOCs) have finally confirmed postponement of planned drilling in Cyprus’ EEZ into 2021. It is understood...
Energy companies assure are committed to Cyprus drilling
Energy companies licensed to prospect for gas off Cyprus have assured the government they are committed to their contracts despite inevitable delays due to the...
ENI and Total drillings officially on hold for one year
Energy companies ENI and Total have notified the government they are postponing their scheduled gas drilling operations off Cyprus for approximately one year. Government spokesman...
MoU signed for floating gas unit
Solaris Engineering (CY) Limited announced on Tuesday it has signed a Memorandum of Understanding with H4E Gasfuel Ltd to provide services for the design and...
Coronavirus: Minister confirms long delay in Cyprus’ gas drilling
Exxon Mobil have informed the government they will be delaying a planned drill in their block 10 concession in Cyprus’ Exclusive Economic Zone (EEZ), with...
Electricity authority pre-purchases low priced fuel
The electricity authority (EAC) said on Friday it has pre-purchased 60,000 metric tons (MT) of fuel oil in an effort to make the best use...
Oslo-based company applies to bring LNG to Cyprus from 2021
An Oslo-based company has formally applied to bring liquefied natural gas (LNG) to Cyprus starting in the first half of 2021. In a press release,...
Coronavirus: Scheduled gas drills likely to be delayed
Scheduled gas drills offshore Cyprus will most likely be delayed for an indeterminate amount of time, Foreign Minister Nicos Christodoulides said on Tuesday, when asked...
Electricity company unions to strike
Electricity company unions said Wednesday they decided to escalate industrial action with two strikes this month over disagreements with the management. In a statement on...
