Energy

The next natural gas exploration round as well as the hydrocarbon quantities located will determine the speed and the exploitation of the hydrocarbon reserves in Cyprus’ Exclusive Economic Zone (EEZ), ...

Electricity prices in Cyprus are at an all-time high impacting industry and business. Cyprus Employers and Industries Federation (OEB) has been grappling with the challenges these pose. George Petrou, former ...

BP (BP.L) added more than a billion dollars to its share buyback programme on Tuesday as it likened itself to a “cash machine” benefiting from higher oil and gas ...

Saudi Arabian state oil producer Aramco (2222.SE) said on Sunday its third-quarter net profit more than doubled, boosted by higher crude oil prices and volumes sold, beating analysts’ forecasts. The ...

Top oil exporter Saudi Arabia may raise prices of light crude grades to Asia in December, supported by a rebound in distillate margins and spot premiums for Middle Eastern oil ...

Volvo Cars is hoping investors will buy into its long-term electric vehicle strategy and see past supply chain worries and questions about its shift to battery power as it gears ...

Britain plans to spend a million pounds ($1.37 million) on a proposed electric Extreme E off-road race in the Outer Hebrides next year, the series said on Wednesday. Finance minister Rishi ...

BP’s trading team made at least $500 million in the third quarter of 2021, two sources with knowledge of the company’s trading results said, as the energy major benefitted from ...

Airbus (AIR.PA) has rebuffed calls by aircraft leasing companies to temper plans to almost double production of its best-selling A320 jet family, telling them its ambitions are justified by ...

Finance Minister Constantinos Petrides said on Friday that the green transition will not be a painless process, highlighting the financial burdens it will likely incur on some sections of the ...

Cyprus has the second lowest hike in electricity costs in the EU and was among the first member states to adopt the 10 per cent reduction measure, Energy Minister Natasa Pilides ...

Cyprus and India reaffirmed the potential for further development and increased cooperation during the ninth Cyprus-India Intergovernmental Meeting on economic, scientific, technical and industrial partnerships held on October 21. The sectors ...

Qatar’s emir created an environment and climate change ministry on Tuesday and appointed Ali Bin Ahmad Al-Kuwari as finance minister, a role he had held in an acting capacity ...

Cyprus, Greece and Egypt signed a tripartite Memorandum of Understanding (MoU) to connect their respective electricity grids in Athens on Tuesday, with the Greek premier calling the emerging alliance among ...

With electric car sales soaring and regulations increasingly favouring zero-emission vehicles, a flurry of announcements on Monday showed how the global auto industry has kicked into a higher gear as ...

The Nord Stream 2 pipeline is completed and ready to pump Russian gas to Europe, but nothing is flowing yet because it is still awaiting clearance from Germany’s energy regulator. ...

President Nicos Anastasiades on Friday urged vulnerable consumers to make use of existing incentives that offer up to a 20 per cent discount on their electricity bills, as he took stock ...

The Apollonion Private Hospital in Nicosia has officially been acquired by the American investment fund CVC Capital Partners. The signing of the contract and the completion of the acquisition was ...

Oil prices rose 2 per cent on Monday, extending multiweek gains as an energy crisis gripping major economies shows no sign of easing amid a pick up in economic activity and ...

Saudi Aramco (2222.SE) has asked banks to arrange a loan expected to be in the $12 billion-14 billion range that it plans to offer to buyers of its gas pipeline network, ...

Gazprom’s (GAZP.MM) Swiss unit can challenge an EU gas rule that requires gas producers to be separate companies from those that control the pipeline, an adviser to the ...

Britain’s government bond market is showing signs of strain from the country’s energy crisis, with headlines about gas prices sparking heavy selling this week – a new development that ...

France and Spain called on Monday for a coordinated European response to the surge in global energy prices to protect the poorest citizens and the competitiveness of companies, and to ...

OPEC and its allies meet on Monday to debate how much oil to release into the red hot market, where supply disruptions and recovering demand from the coronavirus pandemic have ...