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Playing Russian roulette with the US shale oil industry

The rapid growth of the US shale industry seems to be at the heart of the Saudi-Russia crude oil price war. Already weak from...

East Med Gas Forum makes Cairo HQ

Egypt, Cyprus, Greece, Israel, Italy, Jordan and Palestinian Authority signed in Cairo on 16 January the East Med Gas Forum (EMGF) foundation charter, creating...

Energean, DEPA sign EastMed pipeline gas purchase deal

ATHENS - Several hours before the leaders of Greece, Israel and Cyprus signed an intergovernmental agreement to construct the EU-backed gas pipeline, Energean and...

Turkey lurking, Greece-Cyprus-Israel EastMed political deal coming

ATHENS – Greece, Cyprus and Israel plan to sign an intergovernmental agreement for the construction of the EastMed natural gas pipeline in Athens on...

Resumption of peace talks may pause Turkish drilling in Cyprus EEZ

Incoming new EU Commission may be keener on negotiations to resolve regional East Med problemsLIMASSOL, Cyprus – The possible resumption of the dormant peace...

EU countries stall EIB plans to phase out funding for fossil fuels

The European Investment Bank (EIB) on 15 October postponed taking a decision to next month on whether to phase out lending to fossil fuels,...

At Cairo summit, Turkey slammed for drilling in Cyprus’ EEZ

At a trilateral summit between Egypt, Cyprus and Greece in Cairo on 8 October, the leaders of the three countries slammed Turkey's drilling in...

Meeting Erdogan at UN, Mitsotakis eyes calmer waters

The meeting between Greece's newly elected Prime Minister Kyriakos Mitsotakis and Turkey’s President Recep Tayyip Erdogan on the sidelines of the United Nations General...

Cyprus, Noble Energy reach deal to expedite Aphrodite development

Cyprus’ government has reached a deal to revise the contract with US-based company Noble Energy and its joint venture partners, Israel’s Delek Group and...

Greece, Cyprus, Jordan cement East Med Gas Forum relationship

ATHENS – The leaders of Greece, Cyprus and Jordan will hold a trilateral summit in Amman on 14 April to expand cooperation in the...

US oil production may undermine OPEC-Plus cuts

The United States becomes a net energy exporter in 2020 and remains so throughout the projection period as a result of large increases in...

Slower global economic growth can lead to lower oil and gas prices in 2019

Oil prices are unlikely to rise significantly this year because of fears of an oil supply glut caused by over production and reduced oil...

Greece, Cyprus, Israel to discuss gas exports to Europe

A trilateral Greece-Cyprus-Israel summit will take place in Beersheba on December 20 where host Israel’s Prime Minister Benjamin Netanyahu, his Greek counterpart Alexis Tsipras,...

As Exxon prepares to drill off Cyprus, tensions flare with Turkey

LIMASSOL, Cyprus – The drillship of ExxonMobil is reportedly expected to arrive in the port of Limassol on November 5 as the US energy...

Turkey challenges Greece, Cyprus again over East Med hydrocarbon exploration

Echoing his warnings against Cyprus' energy exploration, Turkey Defence Minister Hulusi Akar said October 24 his country will not allow Greece to interfere in...

Cyprus-Egypt pipeline deal may facilitate LNG gas exports to EU

Cyprus and Egypt have signed an agreement for the construction of an underwater pipeline to export natural gas to Egypt. Cyprus’ Energy Minister Yiorgos...

Oil prices likely to rise as US plans to officially pull out of Iran deal

US President Donald J. Trump has said the United States will pull out of a nuclear agreement with Iran and any company dealing with...

Exxon, Total get the green light for drilling off the Greek island of Crete

ATHENS - A consortium of US oil and gas giant ExxonMobil, French energy major Total, and Greece’s Hellenic Petroleum (HELPE) has been awarded a...

Russia resumes construction of TurkStream Line 2 for Europe

THESSALONIKI, Greece – Russia has resumed the pipelaying operations for the second string of the Turkish Stream or TurkStream offshore gas pipeline, which aims...

Israel, Cyprus, Greece to push EastMed gas pipeline to Europe at May summit

Israeli Prime Minister Benjamin Netanyahu spoke on April 4 with Greek Prime Minister Alexis Tsipras and Cyprus President Nicos Anastasiades and “among the issues...

Prompted by Egypt’s Zohr find, Total-Exxon will hunt hydrocarbons off Crete

ATHENS - A French-led consortium from Total and US energy giant ExxonMobil, each with 40% stakes, as well as Hellenic Petroleum, have submitted a...

Cyprus brings up Turkey’s ‘gunboat diplomacy’ to EU

As Cyprus’ President Nicos Anastasiades and Greek Prime Minister Alexis Tsipras were expected to bring up the issue of Turkey’s intervention in the island’s...

Gas drilling, Navtex fuel Turkey-Cyprus tensions in East Med

ATHENS – The tensions between Greece and Turkey after an incident in the eastern Aegean appear to have been defused, but the standoff between...

With the exception of TAP, Erdogan’s visit to Greece reconfirms diverging energy interests

ATHENS – Turkish President Recep Tayyip Erdogan’s historic visit to Greece on December 7, the first such visit in 65 years by Turkish President,...

Cyprus, Greece, Egypt strive to export East Med gas to Europe, but at what price?

ATHENS – Cyprus President Nicos Anastasiades, Egypt's President Abdel-Fattah el-Sissi and Greek Prime minister Alexis Tsipras endorsed a gas export pipeline from Cyprus to...

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