Cyprus has the second worst record in Europe as regards utilisation of renewables in the energy mix, with the main obstacles being the delay in importing natural gas for power generation and
The world’s largest oil and gas companies saw their combined profits slump by a massive $29.2 bln year-on-year, as a sharp decline in gas demand and lower oil prices significantly cut down
Governments should provide the necessary support to increase energy supply from the Eastern Mediterranean, said ExxonMobil’s frontier exploration director Tristan Aspray. He told a panel discussion on energy supply and security in
Saudi Arabia’s state-owned energy corporation, Saudi Aramco, has highlighted the huge earnings made by gas and oil-rich nations during the energy crisis after reporting revenues of $48.4 billion in the third quarter,
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
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
Natural gas will remain an important energy source by 2050, and quantities found off the island could reach markets through a pipeline or by liquefying it for transport by ship, the head
Cyprus has resumed searching for oil and gas after more than a year due to coronavirus with US energy giant ExxonMobil conducting appraisal drilling in block 10 of its Exclusive Economic Zone
US giant ExxonMobil and Qatar Energy Friday signed an exploration and production-sharing contract for oil and gas in Cyprus’ Exclusive Economic Zone (EEZ) despite Turkey’s opposition to the deal. The contract was
Turkey threatens to prevent ExxonMobil’s search for oil and gas off Cyprus after Nicosia awarded it the rights to Block 5 in the island’s economic exclusive zone. Cyprus on Thursday awarded natural
