Energy

Ukraine will need $20 billion in investments to develop its renewable power sector under a plan which seeks to boost its share in the country’s energy mix to 27 per cent ...

The Electricity Authority of Cyprus (EAC) expects to start installing smart meters in the beginning of 2025, the organisation’s board chairman said on Tuesday. Speaking to the Stockwatch news outlet, ...

Oil prices rose for a fifth consecutive session on Monday, extending gains from the previous week’s more than 3 per cent rise, as US recession fears eased while geopolitical tensions ...

The way the Great Sea Interconnector is being promoted “bears serious risks and many problems,” associations affiliated with the Cyprus Employers & Industrialists Federation (Oev) related to energy matters have ...

The Cyprus Chamber of Commerce and Industry (Keve) this week released a statement emphasising the strategic importance of the Cyprus-Europe electricity interconnection through Greece, highlighting its significance both for Cyprus ...

By the first week of September Nicosia will respond in writing to Brussels regarding the latter’s request to be refunded for the €69 million in EU grants already disbursed for ...

Oil prices held steady on Thursday after two sessions of gains, with growing supply risks in the Middle East offsetting demand concerns that had pushed prices to their lowest since ...

Oil prices bounced back from multi-month lows on Wednesday on concerns that an escalating conflict in the Middle East could hurt oil production, even as worries about weak crude demand ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced the launch of the Shorewinner project. This initiative, Keve explained, is aligned with the European Green Deal, and seeks ...

The chairman of the parliamentary energy committee has fired a volley of tough questions at the energy minister over the Great Sea Interconnector (GSI) in his persistent effort to pin ...

Oil giant Saudi Aramco (2222.SE) on Tuesday reported a 3.4 per cent fall in second-quarter profit on lower crude volumes and softer refining margins, yet kept its generous dividend policy unchanged, ...

The Employers and Industrialists Federation (OEV) have weighed in on the proposed subsea electricity cable linking the Cypriot grid to Greece, calling the project an opportunity not to be missed. ...

Oil futures extended losses in a volatile session on Monday as fears of a recession in top oil consumer the United States offset supply worries stemming from mounting tensions in ...

The Environment Department this week announced an extension of the application deadline for a grant scheme aiming to encourage businesses in Cyprus to reduce their gas emissions. According to the ...

Saudi Basic Industries Corp (SABIC) (2010.SE), one of the world’s biggest petrochemicals companies, reported a close to 85 per cent jump in second-quarter net profit on Thursday, helped by higher ...

Partners in the Israeli Leviathan offshore gas project have approved a $429 million investment to expand the field and increase production, a statement from the group said on Thursday. The expansion ...

The government will not deviate from its goal to complete the Vasiliko terminal and gain the capacity to bring natural gas to the island, deputy government spokesman Yiannis Antoniou said ...

Oil prices fell on Tuesday, extending losses from the previous session amid concerns about demand in China, the world’s largest crude importer, while the market shrugged off the risk ...

State authorities will be hard pressed on Tuesday at an extraordinary meeting convened by the House energy committee, to discuss the Vasiliko LNG project fiasco, among other hot topics. Energy ...

Speculation spun into overdrive on Monday over which officials in Cyprus might land in hot water over the liquefied natural gas project fiasco amid an ongoing probe into the matter ...

European companies focused on clean energy are abandoning expansion plans, bracing for lower sales or see funding of US projects in doubt because of fears over what a potential election ...

Oil prices rose on Monday, paring last week’s loss, on fears of a widening conflict in the Middle East following a rocket strike in the Israeli-occupied Golan Heights, which ...

The European public prosecutor’s office (EPPO) should investigate the processes behind the Great Sea Interconnector (GSI), House energy and commerce committee Chairman Kyriacos Hadjiyiannis said on Friday. He also ...

Cyprus experienced an overall decline in the sales of petroleum products during June, which amounted to 127,395 tonnes, marking a 4.1 per cent decrease compared to June 2023, according to the latest figures ...