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Saturday, September 23, 2017

Ties reaffirmed

  NICOSIA  - Cypriot Minister of Foreign Affairs Erato Kozakou Markoullis has concluded a working visit to Lebanon, during which she held a series of...

Marcoullis in Lebanon for gas talks

  FOREIGN Minister Erato Kozakou Marcoullis was in Lebanon yesterday for talks on bilateral issues including a dispute over hydrocarbons with Israel. Cyprus has signed agreements...

Israel Opportunity to bid for Cyprus gas licenses

Israel Opportunity officials emphasize that its activities in Cyprus will be carried out by a local subsidiary Cyprus Opportunity. Israel Opportunity Energy Resources LP (TASE: ISOP.L) controlling...

Cyprus natural gas deposits to be exploited in 2016

  The Ministry of Commerce is planning to utilise Cyprus' natural gas deposits around the year 2016, and in the meantime is investigating the possibility...

‘Cyprus is a great place to invest’ says multinational group’s chairman

THE CHAIRMAN of a multinational conglomerate said yesterday he is interested in investing in Cyprus, including the purchase of government bonds and in the...

Parties agree on handling of natural gas

THE PARTIES’ opposing views on how to regulate the natural gas market appear to have been reconciled after the House Commerce Committee yesterday came...

Israeli company seeks gas bid

A NEW Israeli company is setting up shop in Cyprus to bid in the second round of licensing for the remaining 12 blocks in...

Partners consider options for Cypriot offshore gas development.

  TEL AVIV, Israel – Delek Group has provided a reserves update on Noble Energy’s Aphrodite gas discovery in block 12offshore Cyprus. Netherlands Sewell & Associates has...

President sends gas talks bill back to House

  AS EXPECTED, the President has refused to sign into law an opposition-inspired bill that bars the Commerce Minister from engaging in talks with companies...

Government looks forward to new discoveries of hydrocarbons

  Τhe government is looking forward to new discoveries of hydrocarbon reserves in its Exclusive Economic Zone (EEZ) during the second hydrocarbons licensing round, a...
Cyprus Gas Blocks

Russia Seeks to Play a Leading Role in Eastern Mediterranean Gas Development

  In early January, Natural Gas Europe reported that Gazprom was jockeying for a leading position in seeking to develop Cyprus’ natural gas resources. (Cyprus Gas Findings Prompts International...

Gas estimate revised down

  THE ESTIMATED amount of natural gas reserves within the Block 12 concession, operated by Noble Energy, has been revised downwards by an independent consulting...

China eyes Cyprus LNG plant

  CHINA’S third largest national oil company, CNOOC (China National Offshore Oil Corporation) has presented to Cyprus its plans for the construction of an LNG...

Gas talks

  NICOSIA – A high-level delegation from the Ministry of Commerce and Industry is flying to London on Monday to lobby for the island’s second...

Cyprus-Israel underwater power cable study underway

  Cyprus and Israel yesterday began a feasibility study for the construction of an underwater electric cable between the two countries that would ensure their...

Cyprus, Israel explore gas link

  Israel and the Republic of Cyprus moved closer in their cooperation on development of undersea gas deposits in their respective exclusive economic zones last...

Minister shut out of gas talks.

  BY A majority vote, the House passed a law last night empowering a committee of technocrats to assess bids for offshore hydrocarbons licences and...

Heading towards a marriage.

    THE FIRST ever visit by an Israeli Prime Minister to Cyprus this week sealed a remarkable change in the two countries' relations, a symptom...

Latest article

Ultra Petroleum Responds to Make-Whole Ruling

HOUSTON, Sept. 22, 2017 (GLOBE NEWSWIRE) — Ultra Petroleum Corp. (NASDAQ:UPL) confirmed that late yesterday, the bankruptcy court overseeing its earlier restructuring proceedings denied...

Buckeye Partners, L.P. Announces $210 Million in Limited Partnership Unit Sales

HOUSTON, Sept. 19, 2017 (GLOBE NEWSWIRE) — Buckeye Partners, L.P. (“Buckeye”) (NYSE:BPL) today announced an agreement to sell limited partnership units representing limited partner...

Improved risk profile for ocean hull insurance sector

Speaking yesterday at IUMI’s annual conference in Tokyo, Chairman of the association’s Ocean Hull Committee, Mark Edmondson reported a 10% reduction in global premiums...