Posts by tag: natural gas

Archives April 10, 2013 posted by

Noble firms up drilling date

NOBLE Energy will begin appraisal drilling in its Block 12 offshore licence most likely in June, its CEO Charles Davidson said yesterday.

It was the first time the Houston-based company committed to anything close to a firm date for follow-up prospecting after initial drilling back in late 2011.

“Cyprus is very important to Noble Energy…we are committed to move forward with our Cyprus discovery,” the Noble boss said during a press briefing on the sidelines of the Eastern Mediterranean Gas Conference held in Nicosia.

In the eastern Mediterranean, Noble’s priorities in the region lie in Cyprus and the Tamar and Leviathan prospects in Israel, Davidson said, driving the point home.

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Archives April 9, 2013 posted by

Arrest in murder case

A 36-YEAR-OLD man from Zakaki was arrested yesterday in connection with the murder of Loucas Constantinou, the 35-year-old whose burnt remains were found in a car near Lady’s Mile in Limassol last week.
Constantinou, who worked for Limassol municipality’s department of sanitation, was from Kolossi. He had been reported missing from his home a week ago today.
“SBA Police are investigating the case of murder and for this reason a number of lines of enquiry have been undertaken including the issuing of a warrant of arrest against a person suspected in this case,” acting superintendant of SBA Police, George Kiteos said.

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Archives April 6, 2013 posted by

The four-legged victims of the crisis

DOG shelters all over the island are struggling more than ever to feed the animals in their care, and some are even close to shutting down.

The only thing saving them in the short term is a small amount of funding from the International Fund for Animal Welfare (IFAW).

IFAW is a US-based organisation that rescues animals, protects entire populations and preserves habitats. The organisation normally helps animals all over the world who have been struck by natural disasters. 

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Archives March 29, 2013 posted by

Hezbollah man jailed for four years

A MEMBER of Lebanese militant group and political party Hezbollah, was yesterday sentenced to four years in prison for participating in a plot to attack Israeli citizens in Cyprus.

Hossam Taleb Yaccoub, 24, a dual Lebanese-Swedish national, had been found guilty a week ago on five charges including participation in a criminal organisation and participation in committing a crime.

“There is no doubt they are serious offenses since committing them potentially endangers the safety of Israeli nationals and targets within the territory of the Republic of Cyprus,” the Limassol Criminal Court said.

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Archives March 25, 2013 posted by

Murder suspect remanded

LIMASSOL district court issued an eight-day remand yesterday for a 34-year-old man suspected of killing a man and injuring four others after two separate shooting incidents in Larnaca’s Kofinou on Saturday.
Police are guarding the suspect in Limassol hospital after he crashed his car on Saturday afternoon after the shootings in the Aradippou-Avdellerou road where he was arrested in connection with the shootings.
The 34-year-old is suspected of attacking and killing a 54-year-old man and injuring his 27-year-old son, Giorgos, on Saturday morning at a Turkish Cypriot house in Kofinou that the father and son were working on at the time of the attack.

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Archives March 15, 2013 posted by

Our View: Deputies have always refused to set a good example

FOR YEARS now we have been hearing about the need for politicians to publish capital statements as part of the process to introduce transparency to public life. Draft legislation has been prepared and been found wanting during discussions, with deputies always picking holes in it without ever coming up with alternative proposals. It is the same, negative approach used for proposals relating to the Cyprus problem, by which politicians cite all the reasons why they would fail.

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Archives March 2, 2013 posted by

Fiscal surplus of 61 million euros recorded in January

A FISCAL surplus of €61.41 million, or 0.35 per cent of Cyprus’ GDP was recorded in January, according to data released yesterday by the ministry of finance.
The same data shows that in January 2012, the surplus reached €9.13 million euros, or 0.05 per cent of GDP.
Revenue increased in January 2013 by 10.10 per cent (€55.56 million), reaching €605.60 million compared to €550.04 million in January 2012.
Expenditure increased by 0.28 per cent reaching €544.72 million, compared to €543.19 million in January last year.
Tax revenue rose in January 2013 by 10.93 per cent (€560.39 million compared to €505.18 million in January 2012).
VAT revenue increased in January 2013 by 45.63 per cent to €116.17 million from €79.77 million in January 2012.

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Archives February 28, 2013 posted by

Downer to visit

THE UN Secretary General’s Special Adviser Alexander Downer will be in Cyprus on March 11, for exploratory talks with the two leaders, the Cyprus News Agency reported yesterday.

The Australian former Foreign Minister will be received by newly elected President Nicos Anastasiades and the Turkish Cypriot leader Dervis Eroglu to explore their intentions with regard to a resumption of the Cyprus talks.

After the completion of his contacts in Nicosia, Downer is expected to travel to New York to consult with UN Secretary General Ban Ki-moon and inform the Security Council.

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Archives February 9, 2013 posted by

Strike talks to dominate weekend

BUILDING workers from DEOK trade union unanimously decided at a meeting yesterday to continue their strike until a decision has been made for the renewal of the construction industry’s collective agreements.
As part of their continued strike, DEOK union members have decided to demonstrate outside the offices of the Association of Building Contractors (OSEOK) in Nicosia next week.
“We will continue our battle until there is a just and respectable renewal of the collective agreements,” DEOK general secretary Diomidis Diomidou stated.
A statement from DEOK criticised fellow unions SEK and PEO for accepting Labour Minister Sotiroulla Charalmbous’ proposal on Thursday without consulting with them first.

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Archives February 8, 2013 posted by

State denies it ‘ordered’ licence for Gaza bank

THE government yesterday denied a report that it had instructed the Central Bank (CB) to license a bank operating in the Gaza Strip, currently under the de facto rule of Hamas, a group considered a terrorist organisation by the European Union.

It is understood that such a licence hasn’t been granted. 

“Neither the government, nor the President of the Republic have the authority to grant such licences,” deputy government spokesman Christos Christophides said. “This is the absolute responsibility of the Central Bank of Cyprus. There is a procedure through which such applications are evaluated by the Central Bank.”

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