Tag Archives: Cyprus Mail

Oil futures were set to open for Asian trade on Sunday, after both Brent and US crude benchmarks posted their biggest weekly falls in two years last week as the United States announced the largest ever release from the US Strategic Petroleum Reserve. Both contracts settled down around 13 per …

The war in Ukraine has made the security of energy supply a top priority, increasing pressure in Europe to accelerate the transition to cleaner fuels, including hydrogen. This was one of the topics covered at the European Gas and Hydrogen Conference that took place in Vienna between 21-23 March. More …

ExxonMobil and Qatar Petroleum plan on drilling for gas in an offshore block towards the end of the year, Energy Minister Natasa Pilidou has said. In an interview with daily Politis, the minister said the two companies planned on drilling an appraisal well in block 10 where natural gas was …

It is ironic that at a time when natural gas is under existential attack in Europe, high prices are conspiring with those aiming for its demise. Even though such high prices are a temporary phenomenon, they are encouraging and hastening the switch to renewables. High gas prices in Europe are …

The expectation that Europe will be a market for East Med gas is becoming even more fanciful 2020 has been a difficult year for natural gas and LNG, with prices falling to rock-bottom as a result of the devastating impact of Covid-19 on the global economy. But even though recovery …

World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Thursday, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and consumer habits. The prediction from the Organization of …

Cyprus. Italy. Greece and Israel agreed last year to back the construction of a gas pipeline from newly discovered fields in the eastern Mediterranean to Europe.