#oil and gas

The global economy is facing a serious, but not unprecedented, energy crisis. The transportation of oil and natural gas has been negatively affected, mainly due to the closure of the ...

The U.S. military said it would block shipping traffic in and out of Iran’s ports starting at 10 a.m. ET (1400 GMT) on Monday, a move that would prevent ...

The government on Thursday announced a package of eight measures which it hopes will help combat rising costs after four weeks of war in the Middle East. Firstly, the reduced ...

Turkey’s dependence on Middle East oil is at a “manageable” 10% of total supplies and there are no supply problems despite the war involving Iran, Energy Minister Alparslan Bayraktar said ...

Iran accused Israel of striking its facilities in the huge South Pars gas field on Wednesday in a major escalation in the U.S.-Israeli war that sent oil prices ...

Since the beginning of the war in Iran, around 10 million barrels of oil have been missing per day, leading to irreplaceable ripple effects and causing gasoline prices in Cyprus to ...

American oil companies became involved in the Middle East right from the start of the oil industry in the region. A Standard Oil subsidiary, that later became Chevron, gained concessions ...

Turkey is planning to start drilling for natural gas off the coast of Cyprus “in the near future”, Turkish Petroleum Corporation (Tpao) research and development centre department head Muhammet Fatih ...

United Arab Emirates energy giant Abu Dhabi National Oil Co has expressed interest in Cyprus’ emerging natural gas sector, Energy Minister George Papanastasiou has said. “They expressed interest in the ...

Officials of the United Arab Emirates Oil Company (Adnoc) and the British multinational BP will meet Energy Minister George Papanastasiou on Friday. According to the Cyprus News Agency the meeting ...

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 reservoir offshore Cyprus. Government spokesman ...

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 CyBC, the minister said that ...

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 over the ...

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 WAM reported on Monday. UAE’...

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, mainly reflecting the view that ...

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 disputed Mediterranean gas ...

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 is given, ...

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, a part of which extends ...

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 slowdown. The oil producers ...

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. “The internal protection systems ...

Discussions will be held with the EU to include Cyprus in plans for the bloc’s energy independence following the invasion of Ukraine, President Nicos Anastasiades said on Sunday. “Both ...

The Lebanese foreign minister told Al Mayadeen TV on Friday that the Greek foreign ministry summoned the Lebanese chargé d’affaires in Athens. Hezbollah said on Thursday that his group ...

Lebanon warned Israel on Sunday against any “aggressive action” in disputed waters where both states hope to develop offshore energy, after a ship arrived off the coast to produce gas ...

Italian oil company Eni SpA and Spain’s Repsol SA could begin shipping Venezuelan oil to Europe as soon as next month to make up for Russian crude, five people ...