Energy

Barclays (BARC.L), Britain’s biggest lender to the oil and gas industry, told Reuters it will stop direct financing of new oil and gas fields and restrict lending more ...

Germany’s Economy Ministry informed Rosneft earlier this week that it was considering expropriating shares in the company’s German assets, the Russian oil giant’s law firm in Germany ...

Cyprus and Egypt have a bilateral strategic relationship that contributes positively to the security and stability of the Eastern Mediterranean, the foreign ministers of both countries said on Thursday, after ...

Disy MPs were irked on Thursday that the interior minister was reluctant to allow farmers to instal photovoltaics without first acquiring a building permit. The discussion stemmed from a bill ...

There are “no plans” to close the Dhekelia power station, electricity authority (EAC) chairman Giorgos Petrou said on Thursday. He was speaking during a visit to the power station, and ...

Big Oil firms are handing shareholders more money than ever and are promising more going forward in an attempt to reassure investors of their discipline and resilience in the face ...

The cabinet has authorised the finance minister and the energy minister to make a final investment decision on the Great Sea Interconnector. Following a cabinet meeting on Wednesday, Energy Minister ...

Oil prices rose for a third day on Wednesday after US crude inventories grew less than expected and a cut in the forecast for output growth in the US, the ...

The share of renewable energy sources in transport in Cyprus stood at 7.2 per cent in 2022, without significant change compared to 2021, according to a report released this week by Eurostat, the ...

BP (BP.L) reported fourth-quarter earnings of $3 billion on Tuesday, exceeding forecasts thanks to strong gas trading, and increased the pace of its share repurchases in a sign of confidence ...

The Electricity Authority of Cyprus (EAC) may end up hiking its rates by up to 25 per cent should it win an ongoing case in court, MPs heard on Monday. Andreas ...

The government on Monday signaled it may have to take “painful decisions” regarding the liquefied natural gas (LNG) terminal project in Vasiliko, as the contractor itself blamed the Cypriot side ...

Oil prices nudged higher on Monday, recovering from sharp falls last week, after Washington pledged to launch further strikes on Iran-backed groups in the Middle East and as Ukrainian drones ...

Researchers are going beyond conventional solar panels in a bid to generate heat and electricity from the other external surfaces of buildings. By Jack McGovan In social housing on the ...

We could extract gas from the Cronos field before Aphrodite In ancient Greek mythology Cronos was the god of time. It now looks that Cronos’ time has come. And it ...

The Electricity Authority (EAC) warned on Saturday of possible power outages in parts of the Larnaca, Nicosia and Famagusta districts. They said they expect the power outages to be “intermittent” ...

Terminal at Vasiliko started under a cloud of suspicion and has just got worse The writing was on the wall even before the contract for the liquified national gas (LNG) ...

The Chinese-led consortium with the contract to build a liquefied natural gas (LNG) terminal at Vasiliko is claiming €200 million from Cyprus in arbitration proceedings, MPs heard on Thursday, as the ...

Oil prices rose on Thursday, supported by signals from the US Federal Reserve on a possible start to rate cuts and on new support measures for China’s embattled property ...

A decision on whether the Republic will participate as shareholder in the Great Sea Interconnector project is expected to be taken on Thursday, state officials have announced. Finance Minister Makis ...

Energy Minister George Papanastasiou on Wednesday sought to ease concerns of a multi-million euro arbitration cost the government may be forced to pay out, amid a halt in the construction ...

The electricity authority’s technical union (Sepaik) is holding a series of island wide meetings this week, gearing up for possible strike action if long standing demands are not met, ...

Saudi Arabia’s government on Tuesday ordered state oil company Saudi Aramco (2222.SE) to halt its oil expansion plan and to target a maximum sustained production capacity of 12 million barrels ...

Shell’s exit from Nigeria’s onshore oil sector highlights risks oil majors face in Africa’s biggest exporter but has raised hopes that local firms could reverse the output ...