Energy

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 ...

Oil prices were up around 1 per cent on Tuesday, rebounding from a near four-year low in the previous session on concerns that US tariffs might depress demand and lead to ...

Cyprus is an “attractive gateway for energy investment”, Energy Minister George Papanastasiou said on Sunday. Speaking at the Capital Link Cyprus business forum in New York, he said the island ...

For years, Cyprus has struggled with electricity blackouts, high energy costs and a slow transition to renewables. Now, as officials debate a new law to protect solar panel owners from ...

President Nikos Christodoulides and American multinational corporation ExxonMobil’s vice president for global exploration John Ardill on Sunday met to discuss the next steps regarding the drilling for natural gas ...