#energy

Oil companies operating the Aphrodite gas field have approved a €192 million investment to start drilling, Israeli company NewMed said on Sunday. The amount will also cover other development costs for ...

Fitch Ratings has affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook saying the rating was underpinned by governance indicators and GDP per capita levels ...

Energy Minister Natasa Pilides announced the upcoming visit of the Energy Commissioner Kadri Simson, in a statement after the conclusion of the extraordinary meeting of energy ministers in Brussels on ...

Upcoming European Commission proposals to tackle surging energy prices will aim to cap the price of gas Russia sends to Europe via pipelines, and offer support to electricity producers facing ...

In a rare instance of criticism among their own, European Council President Charles Michel has said the European Commission led by Ursula von der Leyen has been late in responding ...

Presidential candidate, Constantinos Christofides on Friday, proposed a solution to water loss from dams by evaporation, which he claims would result in savings upwards of €20 million per year. Total yearly ...

With the steep increase in the cost of electricity and the uncertainty that exists, both regarding our natural gas and that coming from Russia, at very high prices, it is ...

The Italian navy ship Mimbelli was spotted sailing near the ENI drill ship, in Block 6 of Cyprus exclusive economic zone (EEZ) on Friday. In a post on twitter, the Italian ...

Less than a week after EAC issued advice to consumers who believe there were discrepancies between their meter readings and their electricity bills, the authority confirmed on Wednesday that a “...

Finance Minister Constantinos Petrides has warned opposition parties not to start “making noises” about Germany seeking a VAT exemption on a new consumer levy on energy consumption, saying it was ...

Solving the Cyprus problem and solving the energy crisis go hand in hand With the European energy crisis intensifying and the likelihood of complete Russian gas cut-off increasing – Russian gas ...

The ministry of energy has published a list of recommendations aimed at saving energy at home in the wake of ongoing price hikes. There is advice on how to use ...

Turkey resumed its hydrocarbon drilling operations in the eastern Mediterranean on Tuesday after a two year hiatus, though President Tayyip Erdogan said its new drill ship would operate outside waters ...

Nicosia and Athens are monitoring Turkish movements with the Abdulhamid Han drillship and have prepared actions, depending on the target for drilling in the Mediterranean, state broadcaster Cybc reported on ...

The finance ministry said on Thursday it may tax RES producers found to have earned windfall profits as a result of the high tariffs paid to them. In a statement, ...

Turkey’s newest drillship has set sail, with destination unknown, a week earlier than previously intimated by the Turkish government. The Abdulhamid Han (ex Cobalt Explorer) is a seventh-generation ultra ...

Activity in Cyprus’ exclusive economic zone (EEZ) has been very positive lately, with works worth $200 million completed since the start of the pandemic, Energy Minister Natasa Pilides said on Wednesday. ...

Russia dealt a new blow to European countries over their support for Ukraine on Monday, saying it would further cut gas supplies through its single biggest gas link to Germany. ...

Saudi Crown Prince Mohammed bin Salman will visit Greece on July 26 to meet Prime Minister Kyriakos Mitsotakis, the Greek foreign ministry said on Friday, in his first visit to an ...

By Elias Hazou and Nick Theodoulou Oil major Chevron and the Cyprus government said on Thursday they are committed to speeding up development of the offshore Aphrodite gas field, with ...

The governments of France and the United Arab Emirates signed on Monday a strategic agreement to cooperate in the energy sector, the French government said. The partnership aimed to identify ...

The head of powerful armed group Hezbollah warned on Wednesday that “no one” would be allowed to operate in maritime oil and gas fields if Lebanon was barred from its “...

The fiscal council has sounded the alarm over delays in securing EU funds from the bloc’s recovery plan, casting a gloomy outlook against the backdrop of record inflation and ...

Those hoping for immediate relief from the continuous surge in energy prices may be disappointed in today’s meeting on the issue, with top officials instead looking towards longer-term solutions. ...