oil
Cyprus
Eni Makes Gas Find in Cyprus
Italian energy giant Eni on Thursday said it had made a "promising" lean gas discovery off the coast of Cyprus, further putting the divided island in the middle of claims of natural resources in the eastern Mediterranean.
The company also...
Energy
Katakolo Oil Reserves in Greece 'Four Times Larger than Expected'
The quantities of oil at Katakolo, western Peloponnese, are four times larger than initially estimated, Energean sources revealed on Thursday.
Proven reserves amount to 10.7 million barrels, instead of the estimated three million barrels expected during the period of the...
Environment
Αt Least 800 Tons of Heavy Fuel Oil Pumped so Far
Αt least 800 tons of heavy fuel oil have been pumped so far following the sinking of the tanker "Agia Zoni II" last Sunday in the Saronic Gulf, south of the island of Atalanti.
Six fuel cleaning ships and 6...
Cyprus
EU Leaders Concerned About Cyprus-Turkey Relations
At an EU draft summit on Thursday, European Union leaders decided to issue a call to Turkey to respect Cyprus’s sovereign rights. The move comes after fresh tensions broke out between the two countries in regards to oil and gas...
Economy
Greece to Launch Oil Exploration Tenders this Fall
The Greek government expects bids from oil companies on oil exploration projects in 20 regions in the Ionian Sea and south of Crete to be submitted by March 2015. This will be followed by at least a three-month period...
Energy
Italy's Enel Applies to Search Greece For Oil and Gas
The Greek Ministry of Environment, Energy and Climate Change received yesterday three applications for hydrocarbon exploration in the regions of western Greece and Epirus. All three applications were submitted by the Italian energy group Enel, and they concern three separate...
Cyprus
Greece, Cyprus, Israel Energy and Water Deal Signed
Cyprus, Greece and Israel signed a deal to cooperate over energy and aiming at securing Europe΄s energy supply yesterday.
A memorandum of understanding was signed by Cypriot Energy Minister George Lakkotrypis, his Greek counterpart Yannis Maniatis and Israel΄s Silvan Shalom.
A...
Economy
Handelsblatt: Greece, a “New Norway”
A New Norway, but in the Mediterranean is the title of Handelsblatt's article about Greece's hopes of solving the economic crisis by exploiting the mineral wealth of the country.
According to the financial newspaper, no one is able to speak...
Cyprus
Greece Sits on Huge Offshore Gas Reserve, Study Says
Offshore natural gas could dramatically change Greece's fortunes, should early estimates of €464 billion worth of reserves be confirmed, according to a study presented to Prime Minister Antonis Samaras and seen by Reuters.
The study, collating existing scientific data, says...
Cyprus
Polys Haji-Ioannou Says Gulf Oil Flow Will Withstand Crisis
A Greek shipowner whose family’s oil tankers were hit by missiles during the 1980s Iran-Iraq war said he expects Persian Gulf crude exports to continue after Iran’s threats to block shipments through the Strait of Hormuz.
Stable prices of oil,...