Energy

Energy Minister George Papanastasiou said on Thursday that he is much more optimistic about reaching an agreement with Chevron over the development of Aphrodite natural gas field. He added that ...

Oil prices fell by more than 1 per cent on Thursday, extending losses from the previous session, after OPEC+ postponed a ministerial meeting, leading to speculation that producers might cut output ...

Goldman Sachs says the possibility of a deeper group oil output cut is on the table when OPEC+ oil producers meet this weekend, and it expects Saudi Arabia and Russia ...

An OPEC technical panel invited a top financial market dealer to give a presentation this week which painted a bearish outlook for the oil market, according to materials from the ...

Energy Minister George Papanastasiou on Tuesday spoke of “cautious optimism” regarding talks with energy giant Chevron over development of the Aphrodite offshore gas field. Without divulging details of the discussions – ...

Oil futures fell on Tuesday, reversing steep gains made in the past two sessions, as investors turned cautious ahead of a meeting of OPEC+ this Sunday when the producer group ...

In an ongoing back and forth, the government was due to respond to Chevron’s letter in negotiations over the development of the Aphrodite natural gas reservoir on Monday night, ...

Energy Minister George Papanastasiou on Monday opened this year’s Industry Week by reaffirming the government’s resolve to support the sector in Cyprus, underpinned by its commitment to the ...

Oil futures edged higher on Monday, extending gains on expectations of OPEC+ deepening supply cuts to shore up prices, which have fallen for four weeks on easing concern of Middle ...

By Charles Ellinas The UN Intergovernmental Panel on Climate Change (IPCC) released in September a review of the energy transition progress on meeting the Paris Agreement goals, referred to as ...

Oil prices were little changed on Friday but on track for their fourth straight week of losses after tumbling about 5 per cent to a four month-low on Thursday on worries ...

Alpha Bank Cyprus this week announced that it conducted a special event on Tuesday, November 14, at its headquarters in Nicosia, in support of Men’s Health Awareness Month, in order ...

Energean plc, a prominent gas-focused independent exploration and production company operating in the Mediterranean and UK North Sea, on Thursday released an update for the nine months ending September 30, 2023, reporting ...

Oil prices fell on Thursday, extending losses from the previous session, as signals of higher supply from the United States met worries about lacklustre energy demand from China. Brent futures ...

Siemens Energy (ENR1n.DE) is reviewing the structure of Siemens Gamesa, it said on Wednesday, in a bid to return to profit the struggling wind division that caused a 4.6 ...

Rejecting Turkey’s energy proposals is not enough. Cyprus should also be ready with counter-proposals that could contribute to reviving and speeding-up the Cyprus talks By Dr Charles Ellinas and ...

In a recent address at the 11th Annual Energy Symposium, Nikos Trypatsas, Deputy General Director of the Cyprus Stock Exchange (CSE), underscored the significant interest the exchange has shown in ...

The house plenum ratified on Thursday the framework agreement for the accession of Cyprus to the International Solar Alliance. Forty-one MPs voted in favour, while four MPs voted against, and ...

Russian fuel producers have been told by the government to prepare for the scrapping of all remaining restrictions on the export of diesel and gasoline, three industry sources told Reuters ...

Energy Minister George Papanastasiou on Thursday presented the €30 million scheme aiming to increase the use of photovoltaic panels in Cyprus which will in turn reduce home electricity bills. The revised ...

Israel’s Newmed Energy LP announced on Wednesday that the final decisions regarding the development of the ‘Aphrodite’ gas field will be made on November 20. The company also said that ...

The Dhekelia power station will continue to operate and will be modernised, according to a joint energy ministry and electricity authority (EAC) decision announced on Wednesday. Speaking to state broadcaster ...

As industrial processes become more complex and our reliance on various gases grows, the need for effective gas detection becomes increasingly evident. The consequences of failing to detect the presence ...

Energy Minister George Papanastasiou revealed on Tuesday what Cyprus’ proposal to break the deadlock with Chevron’s negotiations on the Aphrodite gas field entails. In an interview with AlphaNews, he ...