Energy

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 ...

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 ...

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. ...

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, ...

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 ...

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 ...

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, ...

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 (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 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 ...

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 ...

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 ...

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 ...

An international carbon price floor (ICPF) for carbon dioxide and other greenhouse gas (GHG) emissions could spur greater emissions reduction to help address the global climate crisis. But how big ...

The LNG import terminal project would be transformational for Cyprus said Symeon Kassianides, the chairman of the Natural Gas Public Company (DEFA), said on Thursday at the Eastern Mediterranean Energy ...

Cyprus must move quickly to implement the projects necessary to meet the objectives mandated by the EU’s Green Deal and simultaneously lower electricity prices, Energy Minister Natasa Pilides said ...

United Arab Emirates Energy Minister Suhail al-Mazrouei said on Monday insufficient investments in the oil and natural gas industry could lead to a hike in energy prices. Oil and gas ...

Rivian Automotive, backed by Amazon.com Inc (AMZN.O), on Friday significantly raised the expected offer price of its shares, with the electric vehicle manufacturer aiming for a valuation of ...

Tesla Inc (TSLA.O) Chief Executive Elon Musk on Saturday asked his 62.5 million followers on Twitter in a poll if he should sell 10 per cent of his Tesla stock. The ...

Taking place over November 10-12 at the Cyprus International Fair in Nicosia, the Eastern Mediterranean Energy Conference and Exhibition (EMC) will focus on a wide range of crucial issues related ...

The next natural gas exploration round as well as the hydrocarbon quantities located will determine the speed and the exploitation of the hydrocarbon reserves in Cyprus’ Exclusive Economic Zone (EEZ), ...

Electricity prices in Cyprus are at an all-time high impacting industry and business. Cyprus Employers and Industries Federation (OEB) has been grappling with the challenges these pose. George Petrou, former ...

BP (BP.L) added more than a billion dollars to its share buyback programme on Tuesday as it likened itself to a “cash machine” benefiting from higher oil and gas ...

Saudi Arabian state oil producer Aramco (2222.SE) said on Sunday its third-quarter net profit more than doubled, boosted by higher crude oil prices and volumes sold, beating analysts’ forecasts. The ...