Govt says specialised studies will determine EastMed viability (Updated)
Specialised studies will determine the viability of the EastMed pipeline, the government said on Saturday after main opposition Akel and a US expert rubbished the...
Energy
Appraisal drilling in block 10 proceeding smoothly, Pilides says (with video)
Appraisal drilling at the Glaucus-2 site in offshore block 10 of the island’s exclusive economic zone is proceeding smoothly, Energy Minister Natasa Pilides said on...
Oil’s bull run rolls on despite possible China reserves release
Oil futures rose on Friday on course for a fourth weekly gain boosted by supply constraints and a weaker dollar and despite sources saying China...
Cyprus natural gas project moving ahead despite pandemic disruption
Works on the ETYFA Flagship project, which will supply clean natural gas to Vassilikos Power Station, continue unabated in spite of the terrible global situation...
Cypriot NGO slams EU’s bid to classify nuclear energy and natural gas as sustainable
Terra Cypria on Thursday condemned what it terms an “environmental error” after the European Commission succumbed to pressure by a portion of countries, including Cyprus,...
Shrink to fit: the year Big Oil starts to become Small Oil
Europe’s Big Oil companies are planning to spend their windfall from high energy prices on becoming Small Oil. Surging oil and gas prices in 2021...
ECB’s Lane says high energy prices a major concern
High energy prices across the eurozone are a major concern for the European Central Bank, but it sees supply pressures easing in the oil and...
Oil extends rally on Kazakhstan unrest, Libyan outages
Oil prices rose sharply on Thursday, extending a rally from the previous session, on escalating unrest in OPEC+ oil producer Kazakhstan and supply outages in...
Electric cars hit 65 per cent of Norway sales as Tesla grabs overall pole
Electric cars made up nearly two thirds of Norway’s new sales in 2021, with Tesla the top selling automobile brand overall, as the country pursues...
OPEC+ expected to stick with planned Feb output increase, sources say
OPEC+ is expected to stick to its plans to increase output in February when it meets on Tuesday, seeing a mild and short-lived impact on...
Germany welcomes EU ‘green’ energy plan on gas, still opposes nuclear
Germany on Sunday welcomed a plan by the European Union to label some natural gas energy projects as “green” investments, but stressed its opposition to...
Northvolt battery plant sparks into life, a first for Europe
Sweden’s Northvolt said on Wednesday its new gigafactory in northern Sweden has assembled its first battery cell, making it the first European company to design...
EU drafts plan to label gas and nuclear investments as green
The European Union has drawn up plans to label some natural gas and nuclear energy projects as “green” investments after a year-long battle between governments...
Bringing nuclear fusion to Cyprus: the key to sustainable energy?
Fusion Reactors CEO Christos Stavrou is unequivocal when he speaks about the potential value of fusion technology, both in terms of its use to the...
Cyprus saw significant drop in energy consumption in 2020 – Eurostat
Cyprus was one of the countries where the largest reduction in both primary as well as final energy consumption was recorded last year, according to...
European gas prices hit record as Russian flows via Yamal reverse
European gas prices hit a new record high on Tuesday after a pipeline that brings Russian gas to Germany switched to flow east, a move...
Oil price dip towards $74, Omicron concerns dominate
Oil prices dipped towards $74 a barrel on Tuesday after the International Energy Agency (IEA) said that the new Omicron coronavirus variant was set to...
Pilides holds gas talks in Houston
The Minister of Energy, Commerce and Industry Natasa Pilides, is in Houston to attend the World Petroleum Congress where she had meetings scheduled with foreign...
Oil rises on OPEC+ plan to meet if Omicron hits fuel demand
Oil prices climbed on Friday after the producer group OPEC+ said it could review its production hike policy at short notice if oil demand collapsed...
Shell scraps plans to develop Cambo North Sea oilfield
Royal Dutch Shell (RDSa.L) said on Thursday it had scrapped plans to develop the Cambo oilfield in the British North Sea, which became a lightning...
