Energy

Oil major Chevron have begun drilling an appraisal well, the second, at their Aphrodite gas discovery offshore Cyprus, media reports said on Thursday. Estimated to cost about €100 million, the drill ...

President Nikos Christodoulides on Thursday discussed ways to exploit the hydrocarbons found within the EEZ with international energy experts, saying that local energy needs are a priority. During his meeting ...

Oil prices rose on Thursday but were unable to claw back the more than 9 per cent decline during the previous three days as demand concerns in major consumers overrode signals ...

Turkey has agreed with Russia’s Gazprom (GAZP.MM) on deferring payment for part of the natural gas it imported after a surge in prices last year, Energy Minister Fatih ...

Turkey started natural gas production from its own massive Black Sea gasfield Sakarya on 20 April, less than three years after discovery. Sakarya is estimated to hold 710 billion cubic metres (bcm) ...

Here are the top business stories in Cyprus from the week starting April 24: Cyprus’ shipping industry will continue to improve, according to the country’s Deputy Minister of Shipping, as ...

Global diesel margins have slumped by about half since February, dragging on refiners’ profits, as Russian exports continue despite sanctions, helping output from China and India reach all-time highs in ...

Cyprus and Greece have important roles to play in ensuring there are adequate energy reserves, House Speaker Annita Demetriou said on Tuesday, at the conference of EU parliament speakers (EUSC) ...

The energy transition is crucial for delivering a sustainable future to the next generations, but it also involves a number of obstacles, which must be addressed, according to Andreas Poullikkas, ...

After a bumper year for floating offshore wind farm tenders, the nascent industry is poised for explosive growth in the coming decade as countries strive to cut their carbon emissions. ...

Europe’s offshore renewable energy industry is not big enough to deliver governments’ goals to rapidly expand green power, and requires a jump in policy support and funding to get ...

OPEC’s share of India’s oil imports fell at the fastest pace in 2022/23 to the lowest in at least 22 years, as intake of cheaper Russian oil surged, data obtained ...

Oil prices fell more than 1 per cent on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of ...

German wind power developer SL Naturenergie has been looking for a senior project developer for two years now without success. The company, in the west German town of Gladbeck, needs ...

Oil prices eased for the third straight day on Friday and looked set for a hefty weekly loss as softening US economic data and a rise in US gasoline inventories ...

Russian natural gas giant Gazprom (GAZP.MM) is setting up a Middle East unit, the company said in a regulatory disclosure on Tuesday. It did not reveal details. Several Russian ...

Chevron is seeking a drilling ship to explore for natural gas off Cyprus, Egypt and Israel as the US energy major looks to meet growing demand in the region and ...

Here’s a summary of the top business news stories from the week starting April 10: Cyprus’ trade deficit soared by €1 billion in the first two months of 2023, reaching €1.87 billion compared ...

It is the key measure needed to reduce reliance on pricey fossil-fuels Increased grid flexibility is critical if we are to produce more than 25 per cent of our electricity from ...

Energy Minister George Papanastasiou on Thursday floated the idea of importing natural gas quantities from reservoirs in Cyprus’ exclusive economic zone, to be used for power generation, coupled with exports ...

Russia started fuel exports to Iran by rail this year for the first time after traditional buyers shunned trade with Moscow, according to three industry sources and exports data. Russia ...

China’s largest trough solar thermal power plant, located in the Inner Mongolia Autonomous Region, generated 330 million kilowatt-hours of electricity in the 12-month period ending on March 31 this year. Designed ...

Political pressure is building within the European Union to tackle the daunting challenge of closing a loophole in its efforts to stop using Russian fossil fuels: liquefied natural gas (LNG). ...

Oil prices were roughly unchanged on Monday as investors weighed the prospect of tighter supplies from OPEC+ producers from May against concerns about weakening global growth that may dampen fuel ...