Oil rises on demand outlook, Gulf outages
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...
oil and gas
United Arab Emirates’ non-oil sector expands
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...
What a Biden presidency means for oil and gas
Joe Biden has pledged to put climate change driven policies at the centre of the US energy industry During the US presidential elections, president-elect...
Oil and gas companies have assured plans on track
Oil and gas companies have assured the government they remain committed to their projects in Cyprus’ exclusive economic zone and will stick to schedules revised...
ENI and Total drillings officially on hold for one year
Energy companies ENI and Total have notified the government they are postponing their scheduled gas drilling operations off Cyprus for approximately one year. Government spokesman...
Foreign minister highlights importance of Pompeo visit (Updated)
The forthcoming visit of US Secretary of State Mike Pompeo to Cyprus is important and meaningful, Foreign Minister Nikos Christodoulides said on Monday. Following confirmation...
Juncker says hydrocarbons must benefit both sides
President of the European Commission Jean-Claude Juncker on Tuesday told Turkish Cypriot leader Mustafa Akinci in a letter that the issue of hydrocarbons must benefit...
Turkey issues new navigational warning for Fatih drilling
Turkey has issued a new navigational warning (Navtex) reserving a sea area off the island’s western coast for gas exploration until November 1. Essentially, it...
Greece, Israel, US, Cyprus to boost energy cooperation (Updated)
Greece, Israel and USA expressed their full support to Cyprus’ sovereign right to exploit its energy resources, during the First Energy Ministerial Conference, that took...
Expansion of trilateral cooperation agreed at Christodoulides-Shoukry meeting
The expansion of the trilateral cooperation of Cyprus, Greece and Egypt with other states in the region was agreed during a meeting held Wednesday in...
Turkey to dispatch second drillship this month
Turkey will be dispatching a second drillship to the eastern Mediterranean in the middle of the month, the country’s energy minister has said. Fatih...
Block 10 gas find is a game-changer
By Charles Ellinas The gas find in Cyprus EEZ announced this week is certainly promising, but expectations over revenues and timescales must be realistic ExxonMobil...
Oil and gas exercises in Larnaca
Larnaca fire services have started exercises related to oil and gas drilling on Tuesday which are set to last until Friday. The drills will take...
EastMed agreement ‘expected to be signed in early 2019’
Greece, Italy, Cyprus and Israel are drafting an intergovernmental agreement on the EastMed pipeline with the aim of signing it in the first quarter of...
Erdogan makes new threats against Cyprus
“We will not allow the rights of Turkish Cypriots to benefit from hydrocarbons in the East Mediterranean to be violated,” Turkish president Recep Tayyip Erdoğan...
Total and ENI apply to explore gas block seven
Energy companies Total and ENI have applied for an exploration licence in block seven of Cyprus’ exclusive economic zone, the energy ministry announced on Monday....
Gas drillship on its way amid bellicose rhetoric
As a drillship continued on its journey to Cyprus on Monday, Turkey was again warning its neighbours that it will defend its interests in...
Cyprus wants Turkey to be involved in regional energy plans
By Charles Ellinas There was more confidence and optimism in this year’s 14th Economist Cyprus Summit than before. The summit, held on Friday in Nicosia...
Egypt highlights benefits of Cyprus gas renegotiations
Egypt has nothing to fear from the ongoing renegotiations concerning the Cyprus natural gas deal, an Egyptian official has said. In an interview with Ahram...
Turkey to purchase second drillship for Med exploration
Turkish president Tayyip Erdogan has reiterated that his nation will protect its ‘rights’ in the Mediterranean sea, announcing plans to purchase a second drillship...