ENI Boss Says Blockaded Cyprus Drill Ship Will Leave

The Cyprus energy standoff continued on Thursday with a senior Turkish minister insisting Ankara would not allow "one-sided" exploration around the island and ENI's...

ENI Boss: Turkish Blockade of Oil Ship ‘Not Under Our Control’

The head of Italian energy giant ENI on Friday admitted a Turkish blockade of one of its drill ships was out of the company's...

Energy Boss Talks Up Cyprus Gas Fields

Energy companies have claimed Cypriot offshore gas fields could contain between 170 and 230 billion cubic meters of gas. Claudio Descalzi, CEO of Italian energy...

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...

International Interest in Gas and Oil Tenders in Greece

Tenders for offshore oil and gas exploration and exploitation west and south of Greece have attracted “strong interest” from companies exploring in the Mediterranean,...

EU Commission Approves Greek Renewable Electricity Auction Scheme

The European Commission has found a Greek auction scheme for the production of electricity from renewable sources and high efficiency co-generation to be in...

Greece’s Public Power Corporation Reports 66% Profit Loss

Greece's Public Power Corporation (PPC) on Thursday reported a 66 percent drop in the nine-month net profit. The public utility that has monopolized the electricity...

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...

DESFA Privatisation Deadline Extended to February 2018

Greece’s privatisation agency (HRADF) decided to push back the deadline for offers connected with the Hellenic Gas Transmission System Operator (DESFA), a 66% stake...

Cyprus, Greece, Italy and Israel Back Gas Pipeline to Europe

Cyprus, Italy, Greece and Israel agreed on Tuesday to back the construction of a gas pipeline from newly discovered fields in the eastern Mediterranean,...

Greece, Cyprus, Italy, Israel, EU to Sign on Gas Pipeline Development

A memorandum of understanding (MOU) for the construction of the world’s longest underwater natural gas pipeline is to be signed by the the energy ministers...

Greece Finalises Deal with Lenders to Sell Coal-Fired Plants

Greece has finalised a deal with its official creditors on the coal-fired plants the country will sell to comply with an EU court ruling,...

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