INEOS offers to develop test shale gas site in Britain
Chemicals and energy giant INEOS has offered to develop a shale gas test site in Britain to demonstrate to the government that extraction by fracking can be performed safely.
The ...
‘No one preventing Turkey from having an energy role’ Anastasiades says
No one is preventing Turkey from having a role in energy developments in the Mediterranean, once it has agreed with the Republic of Cyprus on the delineation of the exclusive ...
China state refiners shun new Russian oil trades, teapots fly under radar
China’s state refiners are honouring existing Russian oil contracts but avoiding new ones despite steep discounts, heeding Beijing’s call for caution as western sanctions mount against Russia over ...
Shell raises Russia writedown to as much as $5 billion
Shell (SHEL.L) will write down up to $5 billion following its decision to exit Russia, more than previously disclosed, while soaring oil and gas prices boosted trading activities in the ...
Commission will assist Cyprus curb reliance on Russian fossil fuels
The European Commission has announced that it will be offering technical support to help 17 member states, including Cyprus, towards the goal of phasing out their reliance on Russian fossil fuels, ...
Oil rises above $105 as supply concerns persist
Oil rose above $105 a barrel on Monday as concern about tight supply arising from Russia’s invasion of Ukraine and the lack of an Iranian nuclear deal persisted despite countries ...
Oil prices set to open after largest weekly fall in two years
Oil futures were set to open for Asian trade on Sunday, after both Brent and US crude benchmarks posted their biggest weekly falls in two years last week as the ...
Europe’s appetite for US gas fast-tracks two new LNG projects
Two US liquefied natural gas (LNG) projects took major steps toward launching this week as Russia’s threats to cut energy supplies to Europe drives up demand and prices for ...
Europe pursues unified Russian gas payment response as supply threat eases
European governments and companies were working on Friday on a common approach to President Vladimir Putin’s demand that they pay for Russian gas in roubles as the threat of ...
European hydrogen development and opportunities
The war in Ukraine has made the security of energy supply a top priority, increasing pressure in Europe to accelerate the transition to cleaner fuels, including hydrogen. This was one ...
Turkey hikes gas prices for industry, households
Turkish state-owned energy importer BOTAS said late on Thursday it had raised natural gas prices for industrial facilities by 50 per cent and those for households by 35 per cent, raising the ...
IEA to hold emergency meeting to tackle soaring oil prices
The International Energy Agency will hold an emergency meeting on Friday among consuming nations to discuss a new release of strategic reserves alongside a plan by the United States to ...
Europe’s energy crisis sends shockwaves through Germany’s industrial heart
Germany’s Mittelstand, the small and mid-sized companies that power Europe’s largest economy, was already battling its biggest crisis in a decade trying to absorb rocketing energy bills.
Then ...
What happens if Russia turns off gas flows to Germany?
Russia’s demand that some buyers pay for its gas in roubles has raised concerns in Germany, which relies on Russian fuel, that the payment dispute could escalate and disrupt ...
Oil drops on Ukraine peace talk hopes, China demand fears
Oil prices on Tuesday extended losses from the previous day as Ukraine and Russia headed for peace talks and on concerns about demand as China’s financial hub of Shanghai ...
UK’s National Grid to sell 60 per cent stake in gas unit to Macquarie, BCI
Britain’s National Grid (NG.L) said on Sunday it would sell a 60 per cent stake in its British gas transmission and metering business to Australia’s Macquarie Asset Management ...
Global energy markets upended for good
Ukraine crisis has created opportunities for the East Med region and Cyprus gas
With the EU seeking to get-rid of Russian gas – now at 40 per cent – by two-thirds by the ...
Could the US ship more LNG to Europe?
The United States, the world’s top natural gas producer, wants to send more liquefied natural gas (LNG) to Europe to help its allies break their dependence on Russian gas ...
Energy Minister to help promote Cyprus in Egypt
Energy Minister Natasa Pilidou will meet with her Egyptian counterparts in Cairo on Sunday and Monday, a ministry statement announced on Saturday.
According to the statement, Pilidou is leading a ...
US, EU strike LNG deal as Europe seeks to cut Russian gas
The United States will work to supply 15 billion cubic metres of liquefied natural gas (LNG) to the European Union this year to help it wean off Russian energy supplies, the ...
Oil slides near 2 as EU fails to boycott Russian crude
Crude prices slid nearly 2 per cent on Thursday after the European Union (EU) did not agree on a plan to boycott Russian oil and as the United States and its ...
Challenges arise as Russia calls for gas payments in roubles
Russian President Vladimir Putin on Wednesday said the world’s largest natural gas producer would soon require “unfriendly” countries to pay for their fuel in Russia’s currency, the rouble.
...
Oil rises in volatile trade amid CPC pipeline disruption
Oil prices rose in volatile trading on Wednesday, supported by disruption of Russian and Kazakh crude exports via the CPC pipeline.
Brent crude futures were up $3.13, or 2.7 per cent, at $118.61 ...
High quality natural gas in Glaucus-2 but doubts over quantity (Updated)
ExxonMobil and Qatar Petroleum, consortium partners in Block 10 of Cyprus’ Exclusive Economic Zone have found “high-quality natural gas” in the ‘Glaucus-2’ appraisal well, the energy ministry said Monday.
In a ...