Energy

The Tenders Review Authority on Thursday saved the state from a potential major headache – losing out on EU funds – by ruling that a contract awarded for the installation of smart ...

The government intends to participate in the Great Sea Interconnector project alongside Greece and Israel, provided that the conditions set by the cabinet will be fulfilled, Finance Minister Makis Keravnos ...

Oil prices held steady on Thursday, holding onto overnight gains after upbeat Chinese trade data and after US data showed a smaller-than-expected rise in crude inventories and large draws in ...

The energy regulator (Cera) on Wednesday ruled out a price increase on electricity bills. According to a Cera board decision, “It was decided to keep in force for the year 2024 ...

Cyprus has been urged to cough up its €100 million financial share in the Great Sea Interconnector project in a meeting between Finance Minister Makis Keravnos and Greece’s Independent Power ...

Cyprus’ Finance Minister Makis Keravnos met with the chairman of Greece’s Independent Power Transmission Operator (Ipto) Manousos Manousakis, according to an announcement released on Tuesday evening. The announcement said ...

One of Turkey’s mid-sized Mediterranean oil terminals – the Dortyol terminal – will no longer accept Russian imports after receiving record volumes last year, amid an increase in sanctions pressure by ...

Authorities in Cyprus risk losing out on EU funds unless they quickly come to a final arrangement concerning the purchase and installation of smart meters, the boss at the Electricity ...

Oil prices ticked up slightly on Monday following the widely expected extension of voluntary output cuts by the OPEC+ producer group on Sunday. Brent futures climbed 14 cents to $83.69 a barrel ...

Eurostat’s latest data reveals a compelling shift in the landscape of Renewable Energy Sources (RES) for heating and cooling within the European Union. The year 2022 witnessed a substantial surge, ...

The following table shows crude output by the Organization of the Petroleum Exporting Countries (OPEC) in millions of barrels per day (bpd) in February and January, according to a Reuters ...

The vice president of the European Investment Bank (EIB) Kyriacos Kakouris on Thursday confirmed that the EIB’s stance on the Great Sea Interconnector, the electrical interconnection project between Cyprus, ...

Energean, a prominent gas-focused independent exploration and production company operating in the Mediterranean and UK North Sea, on Thursday announced that it has achieved the first gas from Karish North, ...

Energy Minister George Papanastasiou, who is attending the Investopia 2024 conference is in Abu Dhabi, will take part in a discussion on “Strategic Priorities in a Shifting Global Landscape: A Policy ...

Oil prices on Tuesday built on gains made a day earlier amid attacks on shipping in the Red Sea that have exacerbated supply worries. Brent crude futures rose 36 cents, or 0.44 ...

Russia on Tuesday announced a six-month ban on gasoline exports from March 1 to compensate for rising demand from consumers and farmers and to allow for planned maintenance of refineries. The ...

Qatar will raise natural gas production despite a recent steep drop in global prices, in a long-term bet on rising demand for the less polluting fuel in Europe and Asia. ...

As the world’s top global energy trading houses prepare for their biggest annual industry get-together this week in London they face a growing problem, what to do with their ...

Oil prices fell on Monday, extending losses from the previous session after the dollar rose on market views that higher-than-expected inflation could delay cuts to high US interest rates that ...

EU researchers are seeking to expand supplies of clean aviation fuels by producing more from agricultural sources. By Tereza Pultarova Professor David Chiaramonti is looking down at the ground to ...

Turkish energy company Aksa made $1 billion (€924 million) in profit in Cyprus since 2000, Cyprus Turkish Chamber of Mechanical Engineers chairman Ayer Yarkiner claimed on Friday. Yarkiner at a joint press conference ...

Cypriot Minister of Energy, Commerce, and Industry George Papanastasiou this week met with his Egyptian counterpart Tarek El Molla, engaging in discussions on bolstering energy collaboration between Cyprus and Egypt. ...

For nearly a year, US natural gas producers have slammed the brakes on production as prices fall. But relentless output gains including from oil companies that pump gas as an ...

Government subsidies on electricity and fuel tax will be extended into the spring, President Nikos Christodoulides said on Wednesday. The extensions to the subsidies were announced among a raft of ...