ExxonMobil and Qatar Petroleum, consortium partners in Block 10 of the Cyprus Exclusive Economic Zone (EEZ), have found “high quality natural gas” in the ‘Glaucus-2’ appraisal well, with the drillship Stena Forth
DThe war in Ukraine and sanctions on invading Russia have been feeding an already brewing energy crisis, in ways that could not have been foreseen. However, environmentalists and consumer associations argue that
The Greek government is taking another step towards financial abyss by announcing a new package of financial measures aimed at strengthening households and businesses hit by runaway energy prices. The total package
By Peter Van der Borgh When considering effective ways to achieve net zero emissions, policymakers tend to focus on renewable energy sources and greener means of transport, often ignoring a key element
Cyprus will be looking to upgrade its role as an alternative energy hub and supplier to the EU, making the most of its untapped natural gas reserves and upcoming electricity interconnectors with
Oil prices soared Thursday on tensions surrounding key producer Russia, as equities diverged with traders also tracking interest rate decisions and China’s pledge to support volatile markets. The price of benchmark oil
British Prime Minister Boris Johnson began lobbying Saudi Arabia and the United Arab Emirates to pump more oil to calm markets roiled by Russia’s invasion of Ukraine as he met the Gulf
Cyprus’ dreams of building the ambitious EastMed natural gas pipeline from Israel to Europe may not be dead in the water just yet, as the war in Ukraine and sanctions on Russia
Motorists in Cyprus are back to reaching deep into their pockets to fill up their vehicles, following a short-lived respite after the government’s intervention to slash the consumer tax on fuel. Under
By Brigitte Hagemann Even as Italy’s Mario Draghi voices firm opposition to Russia’s invasion of Ukraine, the country’s dependence on Russian gas puts the prime minister in a tight spot. Italy was
