Government remains ‘optimistic’ over developing Aphrodite
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...
oil and gas
Chevron to start drilling in Aphrodite
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...
Biden congratulates Israel, Lebanon on maritime border deal
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...
UAE president to meet Russia’s Putin to discuss Ukraine
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...
Europe is heading towards a challenging winter
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,...
Israel upbeat on draft Lebanese demarcation deal, sees gas profit-sharing
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...
Lebanon’s Berri sees draft maritime deal as ‘positive’-report
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...
Progress made on splitting proceeds of natural gas
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,...
OPEC+ agrees small oil production cut
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...
Hackers hit Italian oil company Eni’s computer networks
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....
