Energy

BP (BP.L) reported fourth-quarter earnings of $3 billion on Tuesday, exceeding forecasts thanks to strong gas trading, and increased the pace of its share repurchases in a sign of confidence ...

The Electricity Authority of Cyprus (EAC) may end up hiking its rates by up to 25 per cent should it win an ongoing case in court, MPs heard on Monday. Andreas ...

The government on Monday signaled it may have to take “painful decisions” regarding the liquefied natural gas (LNG) terminal project in Vasiliko, as the contractor itself blamed the Cypriot side ...

Oil prices nudged higher on Monday, recovering from sharp falls last week, after Washington pledged to launch further strikes on Iran-backed groups in the Middle East and as Ukrainian drones ...

Researchers are going beyond conventional solar panels in a bid to generate heat and electricity from the other external surfaces of buildings. By Jack McGovan In social housing on the ...

We could extract gas from the Cronos field before Aphrodite In ancient Greek mythology Cronos was the god of time. It now looks that Cronos’ time has come. And it ...

The Electricity Authority (EAC) warned on Saturday of possible power outages in parts of the Larnaca, Nicosia and Famagusta districts. They said they expect the power outages to be “intermittent” ...

Terminal at Vasiliko started under a cloud of suspicion and has just got worse The writing was on the wall even before the contract for the liquified national gas (LNG) ...

The Chinese-led consortium with the contract to build a liquefied natural gas (LNG) terminal at Vasiliko is claiming €200 million from Cyprus in arbitration proceedings, MPs heard on Thursday, as the ...

Oil prices rose on Thursday, supported by signals from the US Federal Reserve on a possible start to rate cuts and on new support measures for China’s embattled property ...

A decision on whether the Republic will participate as shareholder in the Great Sea Interconnector project is expected to be taken on Thursday, state officials have announced. Finance Minister Makis ...

Energy Minister George Papanastasiou on Wednesday sought to ease concerns of a multi-million euro arbitration cost the government may be forced to pay out, amid a halt in the construction ...

The electricity authority’s technical union (Sepaik) is holding a series of island wide meetings this week, gearing up for possible strike action if long standing demands are not met, ...

Saudi Arabia’s government on Tuesday ordered state oil company Saudi Aramco (2222.SE) to halt its oil expansion plan and to target a maximum sustained production capacity of 12 million barrels ...

Shell’s exit from Nigeria’s onshore oil sector highlights risks oil majors face in Africa’s biggest exporter but has raised hopes that local firms could reverse the output ...

The much-touted opening up of the electricity market has been pushed back to the summer of 2025, MPs heard on Monday. They got the news from Stavros Stavrinos, executive director at ...

The Electricity Authority of Cyprus (EAC) on Monday denied it has already decided to invest €43 million into upgrading its power plant at Dhekelia, following allegations by an association of businesses. ...

Oil prices climbed on Monday after a drone attack on US forces in Jordan added to worries over supply disruption in the Middle East as Houthi rebels stepped up their ...

President Nikos Christodoulides on Friday spoke about the possibility of a “Great Sea Interconnector” with the United Arab Emirates’ Deputy Foreign Minister and a delegation of the country’s Taqa ...

The ‘TRNC’ has a right to 462,000 square kilometres of Cyprus’ exclusive economic zone (EEZ) including continental shelf, territorial waters and maritime areas of jurisdiction, Turkish Cypriot leader Ersin Tatar has ...

Oil prices eased on Friday but were set for their biggest weekly gain since October as positive US economic growth and signs of Chinese stimulus boosted fuel demand sentiment. Brent ...

Finance Minister Makis Keravnos said Thursday that Cyprus stands to receive the first tranche worth €20.9 million from the EU’s Recovery and Resilience Facility, as an advance payment for implementing ...

Oil prices rose on Thursday after data showed US crude stockpiles fell more than expected last week, while the Chinese central bank’s cut in banks’ reserve ratio reinforced hopes ...

In a strategic move, Island Petroleum, a subsidiary of Island Oil (Holdings), has announced the acquisition and utilisation of the vessel M/T ASTRAIA, dedicated to providing physical supply services ...