Energy

International credit rating agency Standard and Poor’s Global Ratings has upgraded the prospects of the Cypriot economy from stable to positive, citing the ongoing macroeconomic stabilisation. At the same ...

Washington has weighed into a dispute between Cyprus and international companies led by Chevron over how to develop a giant offshore gas field, backing the US company’s plan to ...

Russia, one of the world’s biggest oil producers, has faced shortages of fuel crucial for gathering the harvest in some parts of its southern breadbasket and the situation may ...

Oil prices eased on Thursday after data showed China’s manufacturing activity shrank for the fifth month in a row, and as investors cautiously awaited a US personal consumption expenditure ...

Polish refiner Orlen has in recent months chartered at least 10 tankers that previously shipped Russian oil to Asia to deliver Arab crude to its refineries in Lithuania and Poland on ...

Norway’s latest offshore oil and gas exploration licensing round attracted bids from 25 companies, including Shell , ConocoPhillips (COP.N), Aker BP (AKRBP.OL) and Equinor (EQNR.OL), the energy ministry ...

Oil prices were little changed on Tuesday as investors weighed the enduring possibility of another US interest rate hike undercutting demand against supply concerns emanating from a hurricane hurtling towards ...

The government has rejected the latest proposal on developing the Aphrodite gas play as it tilts the scales in favour of the companies holding the concession while at the same ...

The electricity supply of the north’s public broadcaster Bayrak and the Hala Sultan Mosque in Mia Milia were cut off on Monday, according to the north’s electricity authority (...

The north paid the Republic around €14 million for electricity in the space of the last month, its electricity authority (Kib-Tek) employees’ union (El-Sen)’s general secretary Ahmet Tugcu said on ...

Cyprus-based Multimarine Services Ltd this week announced that it has marked a significant achievement with the successful construction of a floating electrical hub, heralding the island’s entrance into the ...

The audit office has written to EU bodies as well as Cypriot officials raising concerns over the interconnector project, it emerged on Friday. The letter details a lack of transparency ...

Cyprus’ energy sector is crucial for the country’s competitive edge and must adapt to renewable energy demands if it is overcome the major challenges it currently faces, Energy Minister ...

Oil prices ticked up in Asian trade on Wednesday, as traders weighed weak demand indicators from top importer China and the prospect of further US rate hikes against potential supply ...

The European Investment Bank’s (EIB) evaluation study confirms the economic viability of the EuroAsia Interconnector electricity interconnector and the significant positive results resulting from its implementation, the EuroAsia Interconnector ...

The Chinese-led consortium with the contract to build a liquefied natural gas (LNG) terminal at Vasilikos have just filed a new timetable, promising to deliver the project by July 2024, the ...

Electrical interconnections have a critical role to play in our collective efforts to achieve climate neutrality, according to Andreas Poullikkas, Chairman of the Cyprus Energy Regulatory Authority (CERA). Poullikkas explained ...

Saudi Arabian state oil giant Aramco (2222.SE) on Monday reported a near 38 per cent drop in second-quarter net profit reflecting lower oil prices and thinner margins in refining and chemicals. ...

Oil prices hovered near their highest levels since mid-April after top producers Saudi Arabia and Russia pledged to extend supply cuts through September, further tightening supplies. Prices have seen a ...

A major increase in solar power generation in southern Europe played a leading role in averting energy shortages during the heatwaves of recent weeks when temperatures broke records and drove ...

Oil prices were on track for a sixth week of gains after Saudi Arabia and Russia, the world’s second and third-largest crude producers, pledged to cut output through September. ...

Jordan has expressed an interest in collaborating with Cyprus to establish electricity connectivity with the European Union (EU), it was announced on Thursday. The expression of interest came up during ...

BP’s (BP.L) second-quarter profit slumped 70 per cent from a year earlier to $2.6 billion, missing forecasts, as refining margins and oil trading income fell, but still allowing the energy ...

Oil inventories are beginning to fall in some regions as demand outpaces supply constrained by deep production cuts from OPEC leader Saudi Arabia, providing support for prices which are expected ...