Energy

Cyprus’ decision on whether to participate in the EuroAsia Interconnector will be made immediately once the study for the project is submitted in mid-November, Energy Minister George Papanastasiou said on ...

Energy experts at a conference in Cyprus said the island has massive potential for renewables and can surpass its 2030 targets if it properly manages the upcoming challenges. The key hurdles – ...

Russian crude oil producers are enjoying the cheapest costs to ship to refiners in China and India in almost a year thanks to a growing number of vessels plying the ...

Oil prices were up on Friday after the US tightened its sanctions programme against Russian crude exports, raising supply concerns in an already tight market, and global inventories are forecast ...

Exxon Mobil (XOM.N) is expected to say on Wednesday it will buy US rival Pioneer Natural Resources (PXD.N) for about $60 billion, a deal that puts it atop the ...

The Cyprus Energy Regulatory Authority (Cera) has adopted a draft decision on the development of Renewable Energy Source (RES) projects by the EAC, with the aim of expanding RES into ...

Oil edged higher on Wednesday as investors grappled with the prospect of supply disruptions due to the Middle East turmoil. Brent crude rose 25 cents, or 0.3 per cent, to $87.90 a barrel ...

The global coal industry may have to shed nearly 1 million jobs by 2050, even without any further pledges to phase out fossil fuels, with China and India facing the biggest losses, ...

Oil prices eased on Tuesday after rallying more than 4 per cent in the previous session, with traders cautious as they watched for potential supply disruptions amid military clashes between Israel ...

The United Arab Emirates is refashioning state-owned Abu Dhabi National Oil Company (ADNOC) in the image of an international oil major by stepping up its global expansion and finding new ...

Here are the top business stories in Cyprus from the week starting October 2: The Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou on Friday used his keynote address ...

Energy Minister George Papanastasiou praised on Saturday the development surrounding EuroAsia Interconnector that has seen Greece’s Independent Power Transmission Operator (IPTO) appointed as the implementation body and project promoter. ...

DP World Limassol, the port management company of Limassol port, is positioning itself as the ideal service centre for the region’s burgeoning oil and gas operations, according to CEO ...

Private Russian oil producer Lukoil will lend Azeri state oil firm Socar $1.5 billion as part of a broader deal that will allow Socar’s 200,000-barrel-per-day Turkish STAR refinery to process ...

The Laona foundation said on Friday it was completely opposed to a tyre burning facility in Ypsonas, or anywhere else in the country, citing a negative footprint on the energy ...

Minister of Energy, Commerce, and Industry George Papastasiou on Friday, while speaking at the Limassol Economic Forum, highlighted the significant issues facing the energy sector in Cyprus, considering both the ...

Russia’s government said on Friday it had lifted a ban on pipeline diesel exports via ports, removing the bulk of restrictions installed on Sept. 21. The restrictions for gasoline exports ...

Oil prices inched up on Thursday, clawing back some of the previous session’s big losses after an OPEC+ panel maintained oil output cuts to keep supply tight, though an ...

Russian energy giant Gazprom (GAZP.MM) said on Tuesday that Europe, which used to be its main source of revenue, is short of natural gas and may face challenges, more ...

A top Emirati oil executive said on Monday that more than 20 oil and gas companies were rallying around his calls to curb carbon emissions ahead of a United Nations summit ...

Europe’s solar power industry has warned policymakers not to impose tariffs on imports, amid fears that disrupting supplies of products from China would seriously damage Europe’s ability to ...

Oil prices edged up on Monday, recouping some of the losses suffered at the end of last week, as investors focused on a tight global supply outlook while a last-minute ...

Worries also raised about ecosystem near the private facility that would create electricity from natural gas Construction at the first private power station in Cyprus has come to a halt, ...

Cyprus experienced a 2.3 per cent increase in total petroleum sales in August 2023 compared to the same month in 2022, reaching a total of 124,832 tons, according to a report released this week ...