Energy

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 ...

President Nikos Christodoulides on Saturday said he is “ready” to discuss the prospect of delineating the Republic of Cyprus’ maritime borders with the Republic of Turkey to the northwest of ...

The House plenum on Thursday evening approved the 2025 budget for the Natural Gas Public Company (Defa) amid a lively debate over the delays in the advent of natural gas for ...

Oil prices fell by as much as 3 per cent on Thursday after US President Donald Trump announced sweeping new tariffs that investors worry will enflame a global trade war that ...

A small protest was held outside the presidential palace on Wednesday evening against solar panel shutdowns imposed by the transmission system operator (TSO) on solar panels based at residential properties. ...

The year is still young, but Asia has already built up a considerable lead over several European countries and the United States in terms of energy transition progress so far ...

The government on Monday revealed it is asking for an extra €70 million to complete works at the liquefied natural gas (LNG) terminal at Vasiliko, a project plagued by delays and ...

A new task force will be set up to tackle Cyprus’ growing electricity challenges, following a high-level meeting on Monday between Energy Minister George Papanastasiou and representatives of the Cyprus ...

Oil prices slipped on Monday, heading for a modest quarterly loss, despite a warning from US President Donald Trump that he may impose secondary tariffs on buyers of Russian oil ...

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, ...