Energy

Biofuels and their alternatives play an important role in the global shift toward renewable energy to combat climate change. In 2019, global biofuel production surged past 1,800 barrels. This marked a substantial ...

The European Investment Bank (EIB) is in the process of formulating a decision on the EuroAsia Interconnector, its president Werner Hoyer said on Monday. His comments were understood to leave ...

Top oil exporters Saudi Arabia and Russia confirmed on Sunday they would continue with their additional voluntary oil output cuts until the end of the year as concerns over demand ...

Cyprus will respond to a request from Chevron to extend a deliberation period for the ‘Aphrodite’ gas field in the exclusive economic zone (EEZ) within the day, Energy Minister George ...

Here are the top business stories in Cyprus from the week starting October 30: The Cyprus Economic Sentiment Index (ESI) saw a minor decline in October, primarily influenced by the weakening ...

Cyprus is considering the possibility of granting a new extension for negotiations with Chevron and is determined to exhaust every opportunity for negotiations until the very last moment, the Cyprus ...

The government on Friday welcomed the unanimous approval by the House of Representatives of the bill reducing fuel tax rate, aiming to relieve Cypriot consumers in a period of inflation. ...

The “Solar panels for all” plan will be formally announced next year, Energy Minister George Papanastasiou said on Friday. Papanastasiou was addressing the House finance committee and told them the ...

Oil prices were little changed on Friday, but headed for a second week of losses as supply concerns driven by conflict in the Middle East eased, while the demand outlook ...

The managing company of the Aphrodite gas field “leaves us in uncertainty,” Energy Minister George Papanastasiou said on Friday. Speaking ahead of a meeting with Chevron President Clay Neff, and ...

Electricity subsidies and financial assistance for photovoltaic installation have started being provided to people with laryngeal cancer thanks to the advocacy of a local charity. The association of cancer patients ...

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 ...