#oil and gas

Officials of the United Arab Emirates Oil Company (Adnoc) and the British multinational BP will meet Energy Minister George Papanastasiou on Friday. According to the Cyprus News Agency the meeting ...

The government on Tuesday said it remains “optimistic” about the chances of an agreement with oil giants Chevron regarding the development of the Aphrodite gas reservoir offshore Cyprus. Government spokesman ...

Oil major Chevron will shortly begin drilling in the Aphrodite field to confirm further deposit quantities, Energy Minister Giorgos Papanastasiou said on Wednesday. Speaking on CyBC, the minister said that ...

U.S. President Joe Biden spoke with the leaders of Israel and Lebanon on Tuesday to congratulate them over what the United States sees as a historic breakthrough over the ...

United Arab Emirates President Sheikh Mohammed bin Zayed al-Nahyan will travel to Russia on Tuesday to meet with President Vladimir Putin, UAE state news agency WAM reported on Monday. UAE’...

By Andreas Charalambous and Omiros Pissarides For a prolonged period the prices of conventional energy (coal, oil and natural gas) were contained at low levels, mainly reflecting the view that ...

Israel gave its preliminary nod on Sunday to a draft U.S.-brokered deal demarcating a maritime border with Lebanon that may lead to profit-sharing in a disputed Mediterranean gas ...

Lebanon‘s parliament speaker said a draft, U.S.-brokered deal demarcating a disputed maritime border with Israel was “positive” but must be studied before a final reply is given, ...

Cyprus and Israel have made progress in talks regarding the distribution of future proceeds from the sale of natural gas produced at the Aphrodite reservoir, a part of which extends ...

OPEC and its allies led by Russia on Monday agreed a small oil production cut to bolster prices that have slid on fears of an economic slowdown. The oil producers ...

Italian oil company Eni’s computer networks were hacked in recent days but the consequences appear to be minor so far, the company said on Wednesday. “The internal protection systems ...

Discussions will be held with the EU to include Cyprus in plans for the bloc’s energy independence following the invasion of Ukraine, President Nicos Anastasiades said on Sunday. “Both ...

The Lebanese foreign minister told Al Mayadeen TV on Friday that the Greek foreign ministry summoned the Lebanese chargé d’affaires in Athens. Hezbollah said on Thursday that his group ...

Lebanon warned Israel on Sunday against any “aggressive action” in disputed waters where both states hope to develop offshore energy, after a ship arrived off the coast to produce gas ...

Italian oil company Eni SpA and Spain’s Repsol SA could begin shipping Venezuelan oil to Europe as soon as next month to make up for Russian crude, five people ...

Exploratory drilling for natural gas off Cyprus now underway by Eni-Total should take 60 days, Energy Minister Natasa Pilides said on Tuesday as EU Commission president Ursula Von der Leyen told ...

Greek oil and gas company Energean on Monday announced the discovery of a commercially exploitable natural gas field in Israel’s exclusive economic zone (EEZ), with Cyprus being considered as ...

The past week has seen a great deal of chatter on the shifting energy map in light of the Ukraine crisis, potentially bringing the fractious eastern Mediterranean gas reserves – along ...

Developments are expected soon over the exploitation of Cyprus’ natural gas fields, given the large increase in natural gas prices internationally, Energy Minister Natasa Pilides said on Thursday. Speaking to ...

BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of operating in the energy-rich country, marking the most significant move ...

The Republic’s natural gas exploration programme will continue without interruption, President Nicos Anastasides said Thursday, as appraisal drilling by ExxonMobil and Qatar Petroleum was underway at an offshore field ...

Oil prices rose on Friday as a rebound in global demand was widely expected and a slow recovery for the US Gulf Coast export and refining hub from the hurricane ...

The United Arab Emirates’ non-oil private sector expanded at its fastest pace in two years in July as demand rebounded from the COVID-19 pandemic, a business survey showed. The seasonally ...