Energy

Shell (SHEL.L) on Thursday reported third-quarter earnings of $6.2 billion, in line with expectations, on higher refining margins and strong liquefied natural gas (LNG) trading. The company announced share buybacks ...

Energy Minister George Papanastasiou said on Wednesday he believed a solution will be found to issues that arose with Chevron and the state over development plans of the Aphrodite gas ...

Oil prices edged up in Asian trade on Wednesday ahead of key meetings of global central banks this week, including the US Federal Reserve, while the market closely watched the ...

HELLENiQ ENERGY, formerly known as Hellenic Petroleum, on Tuesday announced the acquisition of six solar parks in Cyprus with a total capacity of 26 MW. According to the announcement, this strategic ...

Long-term conflict in the Middle East could delay projects for the development of natural gas fields, experts said on Tuesday as others postulated that in the three to four years ...

The government is working towards making Cyprus energy independent, Energy Minister George Papanastasiou said on Tuesday. “The autonomy of a state is not only related with its finds and its ...

Electricity tariffs in the north are set to increase by a third from Wednesday, following an announcement from north’s electricity authority Kib-Tek. For residential properties paying the flat-rate tariff, ...

BP (BP.L) on Tuesday reported third-quarter earnings of $3.3 billion, missing analysts’ forecasts as strong oil trading and refining margins were offset by weak gas results while the firm wrote ...

Chevron’s (CVX.N) deal announced last week to buy Hess (HES.N), one of the largest operators in the Bakken shale play in North Dakota, could raise oil output ...

The conflict between Israel and the Palestinian Islamist group Hamas has renewed worries in energy-poor Japan over its heavy reliance on the Middle East for oil and gas, and the ...

Oil prices fell on Thursday after a rise in US crude stockpiles and a climb in the dollar index, giving up some ground gained a day earlier when prices jumped ...

The International Air Transport Association (IATA) recently released its latest industry report, revealing that the remarkable resurgence in passenger traffic, witnessed post-pandemic, persisted through August. “Demand for air travel performed ...

Oil fell for a fourth day on Wednesday as concerns about slowing European demand offset worries about Middle East supply disruptions stemming from the Israel-Hamas conflict in Gaza. Brent crude ...

Exxon Mobil (XOM.N) and Chevron (CVX.N) are flush with cash yet their acquisition targets are taking stock as the only form of payment, an arrangement that allows the ...

World fossil fuel demand is set to peak by 2030 as more electric cars hit the road and China’s economy grows more slowly and shifts towards cleaner energy, the International ...

EuroAsia Interconnector Ltd – the Cypriot company behind the mooted subsea power cable linking Greece, Israel and Cyprus – will quit the project entirely, it emerged on Monday. Industry sources moreover told ...

Oil prices slid more than $1 on Monday as diplomatic efforts grew over the weekend to contain the conflict between Israel and the Palestinian Islamist group Hamas, although Gaza continued to ...

Here are the top business stories in Cyprus from the week starting October 16: The priorities of the government are intertwined with the commitment to incorporate technology and digitisation into its ...

Qatar has agreed to supply Shell (SHEL.L) in the Netherlands with gas for 27 years, the second such deal with a European buyer in a week, as the Gulf state ...

The north’s electricity authority (Kib-Tek) cancelled a tender for the purchase of two new generators on Wednesday after no bids for the tender were received. The tender would have ...

The electricity authority (EAC) announced on Wednesday it will take the energy regulatory authority (Cera) to court to appeal Cera’s rejection of its request for a 25 per cent increase ...

Oil prices surged on Wednesday as tension escalated in the Middle East after hundreds were killed in a blast at a Gaza hospital, sparking concerns about potential oil supply disruptions ...

Oil prices steadied on Tuesday after a more than $1 slide on Monday amid hopes the US would ease sanctions on producer Venezuela and as Washington stepped up efforts to prevent ...

The 7th International Scientific Conference on Renewable Energy and Energy Efficiency has drawn to a triumphant close, attracting professionals, scientists, and enthusiasts from both Cyprus and abroad within the business ...