Cyprus is ready to extend the exploration contracts of the Italian French Eni-Total consortium after the energy giants postponed drilling off the island due to the impact of the coronavirus pandemic. This
Cyprus’ lockdown has caused a big drop in air pollution due to the significant reduction in traffic congestion and a decrease in electricity demand. This highlights the need for sustainable public transport
Solaris Engineering (CY) has signed a Memorandum of Understanding with H4E Gasfuel to provide supply and engineering services for the design and construction of a Floating Storage Regasification Unit (FSRU) in Cyprus.
Norway’s Hoegh LNG on Friday confirmed that it has officially applied to Nicosia for a liquefied natural gas infrastructure ownership, operations, and development license in Cyprus. In a statement, Hoegh LNG said
EU Foreign Affairs Ministers have expressed concern over Turkey`s activity in the Eastern Mediterranean and reiterated their full solidarity with Cyprus after Ankara said it will continue its illegal drills off the
By Jameel Ahmad, Global Head of Market Research and Currency Strategy at FXTM Could you ever imagine you would see the price of U.S. crude oil valued at less than a pizza?
Cyprus has condemned another Turkish incursion into its designated maritime zone to drill for oil and gas in a move escalating tension during a time the world is fighting the coronavirus pandemic.
The global downturn, caused by the effects of Coronavirus, combined with a continuous oil and gas glut for 2020, is putting a major damper on offshore gas projects worldwide. The future of
Brussels has warned Turkey that if it continues its illegal energy drills off Cyprus, the EU will respond with further sanctions, said Commission spokesman Peter Stano. Turkey says it will continue drilling
Cyprus energy plans have suffered a setback after major player ExxonMobil postponed until September 2021 two Cypriot gas drills scheduled for July due to cutbacks triggered by the coronavirus pandemic. ExxonMobil informed
