Energy

Cyprus cannot consider itself an energy hub despite its deposits of offshore hydrocarbons, and as long as the gas remains in the ground, it will never generate the wealth associated ...

Britain’s windfall tax on oil and gas producers will not be applied if prices drop to certain levels for six months in a row, the finance ministry said on ...

U.S. President Joe Biden and British Prime Minister Rishi Sunak on Thursday agreed to deepen close economic ties between the United States and Britain, pledging to accelerate the clean ...

The House on Thursday passed a bill that allows staff at the Electricity Authority (EAC) to keep all their current healthcare and other benefits should they decide to transfer to ...

Oil fell for a second day on Wednesday as concerns over global economic headwinds deepened, erasing the price gains booked after top crude exporter Saudi Arabia’s surprise weekend pledge ...

Oil prices rose by more than $1 a barrel on Monday after top crude exporter Saudi Arabia pledged to cut production by a further 1 million barrels per day (bpd) from July ...

Germany is launching a programme that will make available tens of billions of euros for firms facing substantial energy costs, in a bid to help its challenged industrial sector fund ...

Here are the top business stories in Cyprus from the week starting May 29: A new plan is expected in the coming days to protect the primary home of people belonging ...

By Charles Ellinas Energy Minister, George Papanastasiou, initiated a debate around natural gas immediately following his appointment. In line with government goals, he has prioritized bringing natural gas to the ...

The Chamber of Commerce and Industry (Keve) on Friday welcomed the law simplifying the procedure for the installation of photovoltaic panels, saying the amendment will promote renewable energy sources. In ...

OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite a fall in oil prices toward $70 per barrel, four sources from the alliance ...

There can be no supply from the Aphrodite field in the Cyprus EEZ before 2027, according to NewMed Energy, one of the three companies licensed to operate in this block. An ...

Energy Minister George Papanastasiou dismissed media reports on Wednesday which downplayed the government’s reorientation on energy as “wrong”, stating that energy companies and the government are on the same ...

NewMed Energy, a partner in the Aphrodite gas prospect, will officially announce delivery of their modified development and production plan on Wednesday, the energy minister said on Tuesday. George Papanastasiou ...

Oil fell by nearly 2 per cent on Tuesday as concerns about the US debt ceiling pact cooled the market’s risk-on sentiment and mixed messages from major producers clouded the ...

Total sales of petroleum products in April registered a year-on-year drop of more than 5 per cent, according to data released by the Statistical Service on Monday. In April 2023 total sales ...

The new targets will impact all energy sectors, including transport, heating and shipping, in addition to electricity By Charles Ellinas EU’s gas policies are embodied in its RePwerEU strategy: ...

Here are the top business stories in Cyprus from the week starting May 22: Talks between the government and US energy giant Chevron appeared to move in a positive direction on ...

The ‘safe’ narrative that our gas will go to Egypt for liquefaction is being turned on its head by events As energy giants and experts gather in Nicosia on Monday, ...

Talks between the government and US energy giant Chevron appeared to move in a positive direction on Friday, after a meeting at the presidential palace ended on a high note ...

Lloyd’s Register has told India’s Gatik Ship Management, which has become a major carrier of Russian oil since the Ukraine war, that it will withdraw certification of 21 of ...

The Electricity Authority of Cyprus (EAC) is partly to blame for Cyprus’ energy woes and high prices, but the state has let the people down, Energy Minister George Papanastasiou said ...

Millions of British households will see cheaper energy bills from July after regulator Ofgem slashed its cap on prices following a slump in wholesale energy costs. The news will come ...

Energy expert Charles Ellinas on Monday brushed aside comments made by Eni CEO, Claudio Descalzi that no EastMed pipeline could be feasible without Turkey, to which the government issued a ...