Man-made climate change is an undeniable fact, and the need to mitigate its damage is all too real. We need to make drastic changes in the next 12 yearsto prevent climate disasters and…
ENERGY: Cyprus close to resolving revenue sharing dispute for Aphrodite gas
Differences between Nicosia and the Noble-Shell-Delek consortium over a revenue sharing agreement for the exploitation of the “Aphrodite” field in Cyprus EEZ are soon to be overcome. According to sources quoted by Politis…
FOR ITALY’S RULING NATIONALISTS, ENERGY SECURITY MORE IMPORTANT THAN PUTIN’S FRIENDSHIP [GGP]
New natural gas discoveries in the Eastern Mediterranean might be a boon for the European Union’s efforts to move away from dependence on Russian energy supplies. In the current complex energy game…
Things Are About to Change: Oil and Gas Have Been Found in the Eastern Mediterranean
Large quantities of oil and natural gas have been discovered in the East Med and the race to extract them has begun. These hydrocarbon finds hold the potential to build regional stability…
US’ ExxonMobil plans more drilling in the Eastern Mediterranean after recent gas discovery
Two weeks after announcing it had made the world’s third largest natural gas discovery in the last two years off the coast of Cyprus island, U.S. energy giant ExxonMobil is now working…
Flexible renewable power: Spain to triple solar thermal capacity by 2030
Spain’s NECP has been approved by the Spanish Council of Ministers and submitted to the European Commission. ESTELA, the representative association of the European Solar Thermal Electricity sector (also known as concentrated solar power), highlights that the plan includes…
Egypt’s gas production to increase to 7bn scf/day next June
(MENAFN – Daily News Egypt) The Ministry of Petroleum aims to increase Egypt’s natural gas production to 7bn cubic feet daily (scf/day) by June, compared to the current production of 6.8bn scf/day…
Equinor CEO: Energy sector ‘facing a crisis of confidence
he oil and gas sector is “facing a crisis of confidence” and a mounting lack of trust as climate change concerns rise worldwide, the chief executive of Norway’s top energy company said…
Shale on brink of M&A as oil majors flex muscles in Permian
HOUSTON (Bloomberg) — Cowboy boots and turquoise belt buckles are giving way to smart suits and silk ties as the world’s biggest shale oil field prepares for mergers. As oil executives from…
Norway divestment affects wide array of oil explorers
The decision by the world’s biggest sovereign wealth fund to sell some of its energy holdings encompasses a vast array of companies, from US shale drillers and developers of Canadian oil sands,…