Cyprus grants Aphrodite reserve exploitation licence
Cyprus on Thursday granted the first hydrocarbon exploitation licence to the consortium that owns the Aphrodite concession, with a view to pipe gas to Egypt...
Noble
Aphrodite gas development plan expected this week, minister says
The government expects a joint venture of energy companies to submit a new development and production plan for an offshore gas field this week, with...
Cyprus reaches deal with Noble on modifying gas contract – reports
The government is said to have clinched a deal with the Aphrodite gas field stakeholders to modify the production sharing contract, with energy minister Giorgos...
Revenue-sharing talks for Aphrodite gas find going well
Talks aimed at recalibrating the revenue-sharing agreement for the Aphrodite gas reservoir appear to be going well, reports said on Tuesday. Daily Politis said progress...
President touts Cyprus’ comparative advantages to prospective investors in New York
The comparative advantages of Cyprus as a business and investment destination were presented on Friday evening by President Nicos Anastasiades during the business forum “Invest...
Cabinet appoints committee to renegotiate gas agreement (updated)
The cabinet on Tuesday appointed a committee that will enter talks with energy companies over the revenue sharing agreement for the 4.5 trillion cubic feet...
LNG back in the limelight
By Charles Ellinas With Noble, Delek and Shell requesting to renegotiate their Production Sharing Agreement (PSA) with Cyprus, and particularly the formula for sharing potential...
Larnaca council to take legal action against oil company permits
The Larnaca municipal council announced on Tuesday that it would take legal action against the irregular renewal of the permits for energy giant Noble and...
Tough gas talk is misleading
New gas concessions were not connected to breakdown in talks The fact that peace talks are currently stalled does not necessarily mean Cyprus will cease...
Total’s plans in limbo after logistics contract blunder, ENI, Noble hint at logistics move abroad
ENERGY giant Total’s plans to explore for hydrocarbons offshore Cyprus are stuck in limbo, while ENI and Noble Energy are intimating they are considering moving...
Energy companies urged to speed up gas supply (update)
CYPRUS is trying to expedite development of an offshore gas field with a view to supplying the Egyptian market, Energy Minister Giorgos Lakkotrypis said on...
Companies warn of delays to giant Israel gas field after court rejects guarantee
An Israeli supreme court ruling barring the government from giving a 10-year guarantee to an American energy firm and its Israeli partner could delay Israel’s...
Taxpayers to foot Limassol relocation bill for energy companies, minister says
Energy Minister Yiorgos Lakkotrypis said that the government would refund hydrocarbons companies for the cost of their relocation to Limassol, made necessary after the decision...
Government pressures energy giants to consider Limassol
By Elias Hazou The ministers of energy and transport met on Monday with representatives of the three companies engaged in hydrocarbons exploration off Cyprus, in...
‘Damage already done’ to Cyprus gas industry
THE government’s scramble to offer Limassol as an alternative support hub to the energy giants turfed out of Larnaca, is too little too late as...
Larnaca port decision will delay Total’s drilling plans, minister says (Updated: adds Neophytou)
Energy Minister George Lakkotrypis on Saturday said that the Larnaca municipal council’s rejection of the request of the hydrocarbon companies for the temporary extension of...
Aphrodite gas plans remain on track
By Elias Hazou Cyprus’ plans for the Aphrodite gas reservoir, following BG’s buy-in, remain on track with production possibly starting in 2020, energy minister Giorgos...
Egyptian gas market still open, says Noble’s Cyprus chief
By Elias Hazou Texas-based Noble Energy believes the Egyptian gas market is still open to other players despite the recent discovery of the massive Zohr...
Minister brushes off notion of gas differences in government camp
By Elias Hazou THE Citizens’ Alliance, which continues to advocate the presale of natural gas, said on Monday it is drafting a comprehensive blueprint for...
Delek silent on licence renewal for Block 12
ISRAELI energy conglomerate Delek have clarified that they do not plan to drill another exploratory well within their Block 12 offshore concession until May 2016,...