Energy

The completion of drilling at the ‘Electra’ field in Block 5 of Cyprus’ Exclusive Economic Zone (EEZ) has been pushed to next week due to minor delays caused by geological pressures ...

Sales of oil products at service stations in Cyprus saw a 2.5 per cent increase in February, reaching 57,326 tonnes, compared to 55,909 tonnes in February 2024, according to a report from the statistical ...

Chevron (CVX.N) has expressed an interest in hydrocarbon exploration off the island of Crete in the Mediterranean Sea, the second such expression for Greek energy by the US oil ...

Russia’s central bank has warned the Kremlin’s policy makers the United States and OPEC have the capacity to flood the oil market and cause a repeat of the ...

Large fund managers expect the bulk of Russia’s assets to remain closed to Western investors, despite a flurry of “exotic” trades betting on a rapprochement between Moscow and Washington. ...

The sponsor of a bill aiming to end the practice of cutting off solar panels urged government agencies on Monday to come back with their written remarks by the end ...

By Nestor Fylaktos Recently the Cypriot electricity system has made it a habit to curtail a significant portion of solar Photovoltaic (PV) generation during daylight hours, to the irritation of ...

The EU should undertake a more active role in finding solutions to the challenges faced by the Great Sea Interconnector (GSI) project, Energy Minister George Papanastasiou said on Friday. The ...

Cyprus has set itself the “ambitious” target of having a third of energy consumption derive from renewable sources by the year 2030, the energy minister said on Thursday, while also announcing ...

The energy regulators of Cyprus and Greece reaffirmed on Thursday their ongoing commitment to the Great Sea Interconnector – the proposed subsea electricity cable connecting the two countries. In a statement, ...

Hydrocarbon exploration and production company Energean announced on Thursday its audited full-year results for the year ended December 31, 2024. Mathios Rigas, Chief Executive Officer of Energean, stated, “During 2024, we have continued ...

The Great Sea Interconnector (GSI), connecting the electricity grids of Greece, Cyprus and Israel is now being handled on a diplomatic level as it has become a matter of foreign ...

Trade unions on Monday warned about potential power blackouts following curtailments in photovoltaic energy production. In the statement, unions representing the Cyprus electricity authority (EAC) – including the organisation of EAC ...

Oil prices traded higher on Monday after the United States vowed to keep attacking Yemen’s Houthis until the Iran-aligned group ends its assaults on shipping. Brent futures rose 56 cents, ...

EU-funded researchers are looking to hot air to overcome the supply and demand issues faced by solar energy and ease the clean energy transition. By Michael Allen As the world ...

Cyprus’ newly proposed national hydrogen strategy has been put forward for consultation, aiming to align the country with the European Union’s broader hydrogen goals. However, according to energy professor ...

Kazakhstan contributed more than a half of overall OPEC+ oil production rise in February, lagging behind its pledges to reduce production, OPEC data has shown. Kazakhstan has persistently exceeded its ...

The energy regulatory authority (Cera) said on Thursday it is doing what it can to ensure adequacy of electricity supply, in the wake of cutbacks to systems generating power from ...

Ukraine may import large volumes of US gas this year via terminals in Germany, Greece, Lithuania and Poland, its state gas operator said, as Kyiv struggles with the impact of ...

Greece reaffirmed on Monday its commitment to building a subsea electric cable planned to link continental Europe to the East Mediterranean, following reports that the project was halted over financial ...

Cyprus may face power blackouts unless measures are taken to balance electricity production and consumption, Energy Minister George Papanastasiou warned on Monday. He said the government, alongside the Cyprus transmission ...

Oil prices held steady on Monday as concern over the impact of US import tariffs on global economic growth and fuel demand, as well as rising output from OPEC+ producers, ...

The European Union has taken a significant step towards ensuring affordable, efficient, and clean energy for its citizens through its newly announced Action Plan for Affordable Energy.  The plan, revealed ...

The electricity authority (EAC) has been given the clear go-ahead to upgrade the Dhekelia power plant with two new flexible generators and is in the process of evaluating tenders, Energy ...