Europe News Cyprus

  • *Source says combination of CTG and EDP assets in Brazil likely. LONDON/ SAO PAULO, March 13- Portugal's Energia de Portugal EDP could propose a joint venture with China Three Gorges allowing CTG to expand its foothold in Brazil and Latin America if the Chinese power giant's bid to take over EDP fails, people familiar with the matter said. The bid has also been...

  • The drillship Pacific Khamsin in Limassol, Cyprus. Total explored for gas in their offshore Block 11 concession in early 2017.

    Cypriot, Egyptian, Greek, Israeli, Italian, Jordanian and Palestinian Ministers of Energy established the East Med Gas Forum in January. The countries have been utilizing energy diplomacy to align interests and foster long-lasting relationships.

  • An offshore oil platform.

    ExxonMobil announced Thursday that it has made world's third-biggest natural gas find offshore Cyprus. Based on preliminary data, the discovery could represent a natural gas resource of approximately 5 trillion to 8 trillion cubic feet.

  • *Venezuela needs fuel for petrol stations and crude blending. MEXICO CITY/ MOSCOW/ LONDON, Feb 21- Venezuela is paying heavy premiums for fuel imports from Russia and Europe, with fewer than a dozen sellers seeing the risk as worth the reward after flows from the United States dried up because of sanctions, trading sources said and data showed.

  • *Cyprus sells 15- year debt, in longest bond sale. LONDON, Feb 20- Government bond yields in tiny Cyprus tumbled on Wednesday and stood out as the star performer in euro zone debt markets, a day after a 15- year bond sale drew solid demand in a further sign of progress for a country that exited its bailout in 2016.. Cyprus took the spotlight after selling its longest ever...

  • *Cyprus sells 15- year debt, in longest bond sale. LONDON, Feb 20- Government bond yields in tiny Cyprus tumbled on Wednesday and stood out as the star performer in euro zone debt markets, a day after a 15- year bond sale drew solid demand in a further sign of progress for a country that exited its bailout in 2016.. Cyprus on Tuesday sold its longest ever issue via a...

  • *France gets max book of 33 bln euros on 30- yr bond sale. LONDON, Feb 19- France and Cyprus took full advantage of a market supercharged by expectations of more monetary stimulus from the European Central Bank to print syndicated bonds on Tuesday. France had garnered a maximum of 33.5 billion euros of demand for a 7 billion euro 30- year bond sale, a lead manager told...

  • *Italy industrial orders drop over 5 pct yoy. "The industrial orders data from Italy has triggered this knee-jerk reaction of BTPs selling off and Bunds rallying," said Mizuho rates strategist Antoine Bouvet. Indeed, Italy's 10- year bond yield was last up 6 basis points on the day at 1.74 percent, pushing the gap over German 10- year bond yields to 273 bps-- 10 bps wider...

  • *France and Cyprus add to slew of euro zone syndications. LONDON, Feb 19- France and Cyprus launched syndicated bond sales on Tuesday as euro zone government bond yields were hovering near lows on expectations the European Central Bank will look to boost a faltering economy with cheap loans. "There is a lot of demand across the board we saw Italy's 30- year get 41...

  • *France mandates for 30- year syndication. LONDON, Feb 18- Short-dated Italian government bonds outperformed on Monday, their yields falling the most among euro zone bonds to lead a rally in the periphery, on expectations of more monetary stimulus from the European Central Bank. Coeure's comments on Friday saw euro zone banking shares jump more than 3 percent,...

  • *France mandates for 30- year syndication. LONDON, Feb 18- Short-dated Italian government bonds outperformed on Monday, their yields falling the most among euro zone bonds to lead a rally in the periphery, on expectations of further monetary easing from the European Central Bank. Coeure's comments on Friday saw euro zone banking shares jump over 3 percent, the...

  • LONDON, Feb 18- Euro zone bond yields held near to Friday's closing levels after further dovish comments from ECB officials over the weekend offset the boost to risk sentiment prompted by stronger Asian stock markets on the back of progress in China- U.S. trade talks. ECB policymakers Francois Villeroy de Galhau and Olli Rehn added to dovish comments from...

  • MUNICH, Feb 14- Spain, Italy, Portugal and Greece should fight high youth unemployment levels with labour market reforms, less bureaucracy for business and investment in innovation, International Monetary Fund chief Christine Lagarde said on Thursday. Speaking in Germany, Lagarde said the structural reforms, with backing from the European Union, were needed...

  • BRUSSELS, Jan 30- Irish central bank chief Philip Lane is the sole candidate to replace Peter Praet as the European Central Bank's chief economist in May, virtually ensuring that a key ECB post will remain with a dovish policymaker. Lane, 49, has led Ireland's central bank since 2015, overseeing solid growth in the Irish economy after an EU bailout in 2011-2014...

  • LONDON, Jan 30- Sweden's Stena and Bermuda- registered Stolt-Nielsen are reviewing their UK- registered ships ahead of Britain's departure from the European Union, the two leading transport companies told Reuters separately on Wednesday. "In the light of the Brexit process we are considering whether the UK flag can become a possible issue for us when it no...

  • LONDON, Jan 30- Swedens Stena and Bermuda- registered Stolt-Nielsen are reviewing their UK- registered ships ahead of Britains departure from the European Union, the two leading transport companies told Reuters separately on Wednesday. "In the light of the Brexit process we are considering whether the UK flag can become a possible issue for us when it no longer...

  • *In Mauritania, Senegal, Namibia, S.Africa, Guyana, Brazil. PARIS/ CAPE TOWN, Jan 29- Total is launching its biggest exploration campaign for years in 2019 as part of a turnaround plan that is ditching the company's focus on risky long-shots in favour of areas known to contain commercial levels of oil or gas. The French major aims to drill 23 wells this year, its senior...

  • LONDON, Jan 22- British ferry and shipping freight operator P&O will shift the registration of its UK vessels to Cyprus ahead of Britain's departure from the European Union, in part to keep its tax arrangements in the bloc, the company said on Tuesday. P&O currently has six UK- registered ships operating on the English Channel route to France, although it announced...

  • LONDON, Jan 22- British ferry and shipping freight operator P&O will re-flag its entire UK registered fleet to Cyprus ahead of Britains departure from the European Union to keep tax arrangements in the bloc, the company said on Tuesday. Last month P&O said it was re-flagging two of its UK ships operating on the English Channel route to France to the Cyprus...

  • CAIRO, Jan 14- Israel will begin exporting natural gas to Egypt in a few months' time, Energy Minister Yuval Steinitz said on Monday, a key step in the country's plans to sell its expanding gas production abroad and bolster diplomatic ties. Israel has discovered vast amounts of gas since the early 2000 s, signing deals to export to Egypt and Jordan.