Energy

Chevron is seeking a drilling ship to explore for natural gas off Cyprus, Egypt and Israel as the US energy major looks to meet growing demand in the region and ...

Here’s a summary of the top business news stories from the week starting April 10: Cyprus’ trade deficit soared by €1 billion in the first two months of 2023, reaching €1.87 billion compared ...

It is the key measure needed to reduce reliance on pricey fossil-fuels Increased grid flexibility is critical if we are to produce more than 25 per cent of our electricity from ...

Energy Minister George Papanastasiou on Thursday floated the idea of importing natural gas quantities from reservoirs in Cyprus’ exclusive economic zone, to be used for power generation, coupled with exports ...

Russia started fuel exports to Iran by rail this year for the first time after traditional buyers shunned trade with Moscow, according to three industry sources and exports data. Russia ...

China’s largest trough solar thermal power plant, located in the Inner Mongolia Autonomous Region, generated 330 million kilowatt-hours of electricity in the 12-month period ending on March 31 this year. Designed ...

Political pressure is building within the European Union to tackle the daunting challenge of closing a loophole in its efforts to stop using Russian fossil fuels: liquefied natural gas (LNG). ...

Oil prices were roughly unchanged on Monday as investors weighed the prospect of tighter supplies from OPEC+ producers from May against concerns about weakening global growth that may dampen fuel ...

The completion date for the construction of a jetty to facilitate a floating LNG storage and regasification unit (Fsru) at Vasiliko is likely to be pushed back once again, Energy ...

Sibur, the largest producer and exporter of liquefied petroleum gas (LPG) in Russia, redirected exports to Africa, the Middle East and Asia in the past three months, industry sources said. ...

Oil remained on track for weekly gains on Thurday, with further production cuts targeted by OPEC+ and a drop in US oil inventories overshadowing fears over global economic growth. Brent ...

Exxon Mobil Corp’s (XOM.N) Low Carbon business has the potential to generate hundreds of billions of dollars in revenue and outperform the company’s traditional oil and gas ...

The Cyprus issue, ways to deepen bilateral relations in the fields of trade, economy and tourism, as well as energy, will be the focus of a meeting on Wednesday in ...

Oil prices posted gains in Asian trade on Tuesday after OPEC+ plans to cut more production jolted markets the previous day, with investors’ attention shifting to demand trends and the ...

A surprise production cut by Saudi Arabia and other Middle East producers has caught the energy industry flat-footed and will lift global prices with little room for a coordinated response ...

Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day, in a surprise move that analysts said would cause an ...

As Europe weans itself off fossil fuels, local energy networks are tapping renewable sources to fill the gap and cut consumer bills. By Andrew Dunne They might look like ordinary ...

Oil prices ticked down in Asian trade on Friday as bullish sentiment about Chinese demand and potential Middle Eastern supply disruptions was tempered by uncertainty over US economic data to ...

State-owned Cyprus Asset Management Company (Kedipes) on Thursday reported that its board has decided that its state aid repayment for the first quarter of 2023 will be capped at €60 million. According ...

Russia has successfully redirected all its crude oil exports affected by Western sanctions over Ukraine to “friendly” countries, Energy Minister Nikolai Shulginov said on Tuesday, while still a decline in ...

The European Union on Tuesday reached a provisional deal on the deployment of more service stations for cars running on electricity and alternative fuels as the bloc seeks to reduce ...

An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught in a collision near Cuba. A third is seized in Spain for drifting out ...

Oil prices fell on Thursday following three sessions of gains, after Federal Reserve Chair Jerome Powell highlighted banking sector credit risks for the world’s largest economy, while US crude ...

Oil prices fell on Monday to their lowest in 15 months on concerns risks in the global banking sector may cause a recession that would lead fuel demand to decline and ...