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Praxoula Has Left The House (of Representatives)

Tue, 07/02/2012 - 14:51 — Savvas Hadjigeorgiou

praxoula antoniadouAccording to In Business News Magazine, Minister of Commerce Praxoula Antoniadou left the House where the second round of licensing for hydrocarbons was being debated in protest against a proposed bill that would put a stop to her plans to evaluate the proposals personally.

US Geological Survey Estimates 1.7 Bln Barrels Oil in Levant Basin - Minister

Thu, 26/01/2012 - 11:25 — Sarah Fenwick

marcoullis

The US Geological Survey has estimated a mean of 1.7 billion barrels of recoverable oil and 122 Trillion cubic feet (Tfc) of recoverable natural gas in the Levant Basin, said Foreign Minister Erato Kozakou-Markoullis in a speech at the London School of Economics.

Energy Sector Decisive for Economy - KEVE

Thu, 29/12/2011 - 15:22 — Sarah Fenwick

natural gas cyprusThe Cyprus Chamber of Commerce and Industry (CCCI)has welcomed the discovery of natural gas off Cyprus in Block 12, saying that even though the economy is suffering from recession, the energy sector will be decisive for future growth.

Natural Gas Discovery in Block 12 Worth 100 Bln Eur - Minister

Wed, 28/12/2011 - 12:06 — Sarah Fenwick

noble energyMethane gas reserves in Block 12 are estimated to be worth around 100 billion euros, according to Minister of Commerce Praxoulla Antoniadou.

On December 28th, President Christofias said that Noble Energy International has confirmed 5-8 trillion cubic feet (tcf) of natural gas in Block 12 of Cyprus' Exclusive Economic Zone (EEZ) in a discovery that has put Cyprus on the EU's energy map.

Fears Ease Over Attack from Turkish Warships in EEZ

Sat, 10/12/2011 - 14:35 — Sarah Fenwick

turkey threats cyprusFears of an attack from Turkish warships in the waters around Cyprus have eased following a statement from Defence Minister Demetris Iliades, who said that there are no immediate threats of a military incident in Cyprus' Exclusive Economic Zone (EEZ).

Economic, Strategic Moves from Israel, Noble Energy

Wed, 02/11/2011 - 11:45 — Sarah Fenwick

shimon peres in cyprusUS company Noble Energy has proposed a pipeline running from Israel's Leviathan gas field to an LNG plant it wants to build in Vasiliko along the coastline, just ahead of an historic visit by Israeli President Shimon Peres who is due in Cyprus this evening.

'Bergen Surveyer' Ship Surveying in Cyprus Waters

Thu, 06/10/2011 - 14:42 — Sarah Fenwick

bergen surveyer in cyprus watersNorwegian-flagged seismic research ship Bergen Surveyer is surveying for undersea gas and oil on behalf of Turkey's Petroleum Corporation in Cyprus' Exclusive Economic Zone (EEZ), said Defence Ministry sources.

Inflammatory Rhetoric Renewed by Turkish-Cypriot Leadership

Wed, 05/10/2011 - 11:56 — Sarah Fenwick

cyprus oil gasInflammatory rhetoric over gas-and-oil exploration rights in Cyprus waters continued today with Turkish-Cypriot official Huseyin Ozgurgun's claims that Turkey has "more rights than other countries in oil and natural gas issues" in the Eastern Mediterranean.

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