Energy

The Cypriot government is under fire over its decision to cut funding for electric vehicle (EV) subsidies, sparking concern among car importers and green mobility advocates. In a statement issued ...

The Cyprus association of renewable energy companies (Seapek) on Thursday expressed its “deep and growing concern” over what it described as a “lack of planning” by the energy ministry, during ...

Italian energy company Eni on Thursday described the two agreements signed by Cyprus and Egypt earlier this year concerning the exploitation of natural gas resources under the seabed in the ...

Oil prices recovered some losses on Thursday after falling nearly 2 per cent in the previous session, with investors weighing a potential OPEC+ output increase against conflicting tariff signals from the ...

Cyprus is set to expand its energy infrastructure with new storage facilities and power generators, Giorgos Petrou, president of the Cyprus energy regulatory authority (Cera) confirmed on Wednesday. According to ...

Oil prices climbed more than 1 per cent on Wednesday, extending the prior day’s gains, as investors weighed a fresh round of US sanctions on Iran, a drop in US ...

Oil prices climbed on Tuesday as investors took advantage of the previous day’s losses to cover short positions, although concerns persisted over economic headwinds from tariffs and US monetary ...

Turkey’s daily natural gas production at its flagship Sakarya field in the Black Sea has reached around 9.5 million cubic metres, Energy Minister Alparslan Bayraktar said, as the country ramps ...

A steep drop in crude oil prices largely due to US President Donald Trump’s tariffs will squeeze budgets of emerging market oil exporters, analysts said, while the potential economic ...

The Ministry of Energy, Commerce and Industry has announced a new call for proposals under the Digital Upgrade of Businesses Scheme, part of the EU co-funded Thaleia 2021–2027 programme. According to ...

The electrical interconnection between Greece and Cyprus will move forward at the right time and according to plans, Greek Foreign Minister Giorgos Gerapetritis said late on Wednesday night. Speaking on ...

The Great Sea Interconnector project was absent from announcements and discussions in Greece following a meeting of the country’s National Security Council (Kysea) on Wednesday. Earlier in the day, ...

Athens is getting cold feet in relation to a planned subsea electricity cable linking Greece to Cyprus, Turkish media reported on Tuesday. Turkish daily Milliyet, which led with a story ...

As Cyprus recovers from the disappointment over the failure to find commercially viable natural gas at the Electra-1 target, Energy Minister George Papanastasiou has said the outcome is not as ...

Drilling at the Elektra-1 well offshore Cyprus has found natural gas but not in marketable quantities, the energy ministry stated on Monday. “Well data and preliminary evaluation work indicate the ...

Oil prices rose 1 per cent on Monday after US exclusions on some tariffs and Chinese data showing a sharp rebound in crude imports in March, but gains were capped by ...

Cyprus is waiting for an official update on Monday after disappointing news from a major offshore drilling project. The drilling at the “Electra” target in block 5 of the island’s ...

Energy group BP (BP.L) expects first-quarter gas marketing and trading earnings to be weak while net debt will rise, the company said this week, sending its shares lower. The ...

In an article in MEES, Peter Stevenson reveals that ExxonMobil’s Electra well in block 5 was unsuccessful. It encountered gas, but not in commercial quantities. There were high expectations that ...

On Thursday, the House of representatives unanimously passed a bill that reforms the regulation of the electricity sector, paving the way for cheaper and cleaner energy. In a written statement, ...

United Arab Emirates’ renewable energy company Masdar said on Thursday it had fully acquired Greece’s Terna Energy (TENr.AT), after buying a majority stake last year, a further step ...

Parliament on Thursday passed a law ‘prohibiting’ the disconnection of solar panels, although some MPs cautioned that the benefit of this would be limited. The legislative proposal belonged to Disy ...

Saudi Arabia, with its wealth linked inextricably to oil revenue, faces mounting pressure to raise debt or cut spending after a plunge in crude prices, complicating plans to fund an ...

Saudi Aramco has signed a deal with China’s Sinopec to expand a petrochemicals complex operated by their Yasref joint venture on the kingdom’s western coast, the Saudi state ...