Bringing nuclear fusion to Cyprus: the key to sustainable energy?
Fusion Reactors CEO Christos Stavrou is unequivocal when he speaks about the potential value of fusion technology, both in terms of its use to the world, but also to Cyprus.
“...
Cyprus saw significant drop in energy consumption in 2020 – Eurostat
Cyprus was one of the countries where the largest reduction in both primary as well as final energy consumption was recorded last year, according to data released by Eurostat, the ...
European gas prices hit record as Russian flows via Yamal reverse
European gas prices hit a new record high on Tuesday after a pipeline that brings Russian gas to Germany switched to flow east, a move the Kremlin said had no ...
Oil price dip towards $74, Omicron concerns dominate
Oil prices dipped towards $74 a barrel on Tuesday after the International Energy Agency (IEA) said that the new Omicron coronavirus variant was set to dent the global demand recovery while ...
Pilides holds gas talks in Houston
The Minister of Energy, Commerce and Industry Natasa Pilides, is in Houston to attend the World Petroleum Congress where she had meetings scheduled with foreign counterparts, US state officials and ...
Oil rises on OPEC+ plan to meet if Omicron hits fuel demand
Oil prices climbed on Friday after the producer group OPEC+ said it could review its production hike policy at short notice if oil demand collapsed due to a rising number ...
Shell scraps plans to develop Cambo North Sea oilfield
Royal Dutch Shell (RDSa.L) said on Thursday it had scrapped plans to develop the Cambo oilfield in the British North Sea, which became a lightning rod for climate activists ...
Turkey slams Cyprus over exploration licence for Exxon, Qatar Petroleum in Mediterranean
Turkey on Thursday accused Cyprus of violating its continental shelf by awarding an exploration licence in the Mediterranean to Exxon Mobil and Qatar Petroleum, adding it will not allow unauthorised ...
ExxonMobil, Qatar awarded Block 5 gas rights
The cabinet on Thursday awarded natural gas exploration rights for an offshore block to a consortium made up of ExxonMobil and Qatar Petroleum.
Energy Minister Natasa Pilides said ExxonMobil would ...
‘Yes to reforms, no to minimum wage’, Chamber of Commerce says
Chamber of Commerce and Industry president Christodoulos Angastiniotis expressed ‘strong reservations and concerns’ about the potential introduction of the minimum wage in Cyprus on Wednesday, adding that the current system ...
BP plans large-scale green hydrogen project in UK
BP (BP.L) said on Monday it plans to set up a large-scale green hydrogen production plant in northeast England, generated with wind, water and solar energy to aid Britain’...
Oil rebounds to $76 on speculation Omicron-related drop overdone
Oil rebounded by almost 5 per cent on Monday to $76 a barrel as some investors viewed Friday’s slump in oil and financial markets on concern about the Omicron coronavirus variant ...
Cyprus to assume gas forum presidency
The Minister of Energy, Commerce and Industry Natasa Pilides will assume the presidency of the East Mediterranean Gas Forum on January 1, 2022, taking over from Tarek El Molla, the Minister of ...
CPP official pledges consortium’s determination to complete LNG terminal project at Vassiliko by June 2023
Deputy Managing Director of China Petroleum Pipeline Engineering Duan Bingquan pledged his determination to bring natural gas to Cyprus which is scheduled to be delivered at the end of June 2023.
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UK to require charge points for electric vehicles in new buildings
Charging points for electric vehicles will be required to be installed in new buildings in Britain from next year under new legislation to be announced by Prime Minister Boris Johnson, ...
OPEC+ challenged with release of oil reserves
The administration of US President Joe Biden announced on Tuesday it will release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and ...
Biden oil reserves bet melds China outreach with appeal to US voters
President Joe Biden’s historic move to release oil from strategic reserves in coordination with big nations including China represents a unique bet that finding common ground with the United ...
Gas projects back on track
The consortium holding the concession on block 10 in Cyprus’ Exclusive Economic Zone are making final preparations for follow-up drilling to narrow down the precise quantities of natural gas in place, ...
Energy ministry gave out €127m for schemes to set foundation for a green recovery
The energy and trade ministry has this year granted €127m in the form of schemes, setting the foundation for economic recovery and green energy transition, Minister Natasa Pilides said on ...
Rolls-Royce asks to submit mini nuclear technology to Britain’s regulator
Rolls-Royce (RR.L) has asked Britain’s government for clearance to begin the 4-5 year long process of seeking regulatory approval for its small modular nuclear reactor, it said on ...
Abu Dhabi organisations form partnership to boost renewables capacity
Abu Dhabi National Oil Co (ADNOC.UL) and Abu Dhabi National Energy Company PJSC (TAQA) (TAQA.AD) have formed a strategic partnership on clean energy, aiming to have 30 gigawatts of ...
Shell shake-up leaves Dutch royally hacked off
Royal Dutch Shell’s decision to move its corporate headquarters and tax base to London may win over shareholders but it has struck a blow to Dutch prestige.
As the ...
IBM, Amazon partner to extend reach of data tools for oil companies
International Business Machines Corp(IBM.N) and Amazon.com Inc’s Amazon Web Services (AMZN.O)said on Monday they would work together to extend the reach of a set ...
Shell ditches the Dutch, moves to London in share structure overhaul
Royal Dutch Shell (RDSa.L) said on Monday it would scrap its dual share structure and move its head office to Britain from the Netherlands, pushed away by Dutch taxes ...