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Cyprus has branded itself through history as a country where its real value is created through the nurturing of creative ideas, which made it a home for many prospective entrepreneurs and foreign...

Pressures exercised on European Union's energy markets have been tackled by the European Commission since last year.

The Republic of Cyprus and the American giant have reached an agreement on the development plan for "Aphrodite", ending a period of consultations amid disagreements that has lasted for months.

The Republic of Cyprus and the American giant have reached an agreement on the development plan for "Aphrodite", ending a period of consultations amid disagreements that has lasted for months.

At least once per year, operators and owners must test their readiness to deal with major incidents, in close cooperation with the Cyprus authorities.

In December 2022, the European Parliament and Council agreed on the text of the regulation on the Carbon Border Adjustment Mechanism (the "CBAM") which is expected to be published...

The oil and gas industry grapples with one of the most complex transfer pricing landscapes due to persistent price volatility, intricate production-sharing agreements (PSAs), and fluctuating royalties.

France, Germany and the UK are seeking to establish a payment channel to bypass the new US sanctions against Iran in order to enable trading between European and Iranian businesses in key sectors, specifically oil industry.

In late 2011, Noble Energy International Ltd announced the discovery of an average of 7 trillion cubic feet of natural gas in Block 12 of the Republic of Cyprus’ Exclusive Economic Zone, which opened the way to a second hydrocarbons licencing round with the involvement of some major international companies and consortia enthusiastic about exploring and exploiting in the future these potentially vast reserves.

Cyprus has found itself at the epicentre of the oil and gas industry due to the recent discovery of hydrocarbons within its Exclusive Economic Zone and the wider potential emerging in relation to natural resources exploitation in the Eastern Mediterranean region.

In the age of Covid19, of climate change and taking into consideration the new regulations which the Paris Agreement brought, the shipping industry is embracing good practices so as to become...

Cyprus climate traditionally is popular for tourism and holidays and well known in many parts of the world. In the last decade it is notable that the climate of Cyprus...

DEFA expects to issue a request for expressions of interest for LNG supply to the market later this year, with a full RfP to follow in early 2019.

The strategy of the Republic of Cyprus in many respects matches the strategy of the companies invited to the workshop organized by the Ministry with the Cyprus Hydrocarbons Company...

Sustainable growth and eco-friendly growth (green growth) have been throughout history considered to be completely different concepts...

As renewable energy sources become increasingly important to the national energy mix, and in the absence of cross-border electricity interconnections, electricity storage has become essential...

On 11th December 2019 the European Commission presented the European Green Deal to transform the European Union into a fair and prosperous society,...

The Cyprus Shipping Deputy Ministry (SDM) has introduced a series of environmental incentives to support shipowners in their decarbonization efforts.