OAO Novatek (NVTK), Russia’s second-biggest natural-gas producer, is looking at bidding for licenses to explore off Cyprus after the island nation’s first gas discovery attracted global companies. Leonid Mikhelson, Novatek’s billionaire chief executive officer, flew to Cyprus for talks yesterday, Neoklis Sylikiotis, Cyprus’ commerce and industry minister, told reporters in Nicosia today. The country is [...]

NEW YORK, March 20, 2012 – The Cyprus-U.S. Chamber of Commerce is pleased to announce that Noble Energy and Mr. Charles D. Davidson, Chairman & CEO, are the Chamber’s 2012 Distinguished Merit Award recipients. Bestowed annually, the Award honors corporations and individuals who have raised the profile of Cyprus and made an extraordinary contribution to [...]

Cypriot Nobel Prize winner, Christoforos Pissarides stated on Friday that the Cypriot banks will be supported by foreign investors and not the government due to their liquidity problems. “It would be a smart move by a foreigner to invest in the banks”, he noted. Speaking during a ceremony where he was honoured by the Employers’ [...]

THE FIRST ever visit by an Israeli Prime Minister to Cyprus this week sealed a remarkable change in the two countries’ relations, a symptom of the recent upheaval in the region which knocked traditional alliances off their feet. Despite the turbulence of the Arab Spring and Turkey’s efforts to emerge as its guiding light, the [...]

Cyprus and Israel discussed future energy cooperation during a visit by Israeli Prime Minister Benjamin Netanyahu on Thursday, as Turkey warned the island that it risked stoking tension by trying to tap offshore gas. Production in the eastern Mediterranean is set to soar after the discovery of huge offshore reserves between Israel, Cyprus and Lebanon [...]

CYPRUS’ second round of licensing for the offshore explorations of hydrocarbons in its exclusive economic zone (EEZ) was announced on Friday in the government gazette, according to Commerce Minister Praxoulla Antoniadou. The notice invites licence applications in the next 90 days to search for mineral deposits inside the island’s 51,000 square kilometre EEZ. It was [...]

Israeli Prime Minister Benjamin Netanyahu said that Cyprus and Israel are studying the possibility of a common pipeline that could help export natural gas to Europe and Asia. Netanyahu, making the first visit to Cyprus by an Israeli prime minister, said today that he and President Demetris Christofias discussed a variety of ways that the [...]

The work of Theoharis David a practicing architect and educator of Cypriot descent living in Brooklyn, is the subject of an exhibit “Built Ideas A Life of Teaching Learning and Action”, at the School of Architecture of Pratt institute. The 19 mostly realized works shown through models, photos and the architect’s concept drawings, demonstrate the [...]

Noble Energy is considering the option of building a terminal in Cyprus in order to provide natural gas for the domestic market and for exports, Vice President Noble Energy Terry Gerhart has said, noting that the estimation for 5 to 8 trillion cubic feet natural gas in Cyprus’ block 12 is a very large accumulation [...]

NICOSIA, Cyprus — The Cyprus parliament on Thursday took the unusual step of rebuking a United Nations envoy over perceived bias that it says is hindering long-running talks to reunify the divided island. Lawmakers unanimously approved a resolution decrying Alexander Downer’s “one-sided and detrimental statements and actions” that they say have eroded his credibility as [...]