Maximising the Benefits From the Third Licensing Round

Article appeared in Sunday Mail, on Aug. 21st, 2016 Dr. Constantinos Hadjistassou* Taking into account the current historically low crude oil prices, the interest shown in the third hydrocarbons licensing round by energy behemoths such as Exxon-Mobil, Statoil and Qatar Petroleum, is a highly encouraging development. Although the timing of the call for tenders was bold, nevertheless great care is […]

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Explanations for Downsizing the Aphrodite Gas Field

Article appeared in concise version in the Sunday Mail, on Sunday 13th Oct., 2013. By Constantinos Hadjistassou*, PhD At a first glance the official announcement of the appraisal drilling results of the Aphrodite natural gas field may not be the best news to an economy experiencing a severe economic recession. Preliminary findings allude to a range of natural gas volumes […]

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Graduate Class Addresses Energy Dilemmas Confronting Cyprus

Originally posted on December 30, 2013. At a time when Oil & Gas (O&G) exploration offshore Cyprus is progressing at a rapid pace, energy challenges abound. Crucial decisions need to be taken regarding the future cost of power generation, export options pertaining to the Cypriot natural gas, safeguarding the marine environmental, meeting domestic energy demands, or crafting a common energy […]

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The Energy Sector is Not Only About the LNG Plant

Article appeared in Sunday Mail on Sunday 9th of Feb., 2014. By Constantinos Hadjistassou*, PhD Despite the economic woes which cast upon Cyprus the haircut on deposits, also known as ‘bail-in’, the Cypriot economy has demonstrated remarkable resilience. The scheduled drilling programme for hydrocarbons in blocks 2, 3, 9, 10 and 11― beginning in late 2014 ―could well nudge the […]

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Contemplating Europe’s Energy & Climate Future

An edited version of this article appeared in Sunday Mail on Sunday, 16th Feb., 2014. By Constantinos Hadjistassou*, PhD Citizens in Europe are brought up and nourished with green energy and lower carbon emissions ideas. Virtually all emphasis from primary school energy competitions to business entrepreneurship contests revolve around “green” energy ideals. Conventional energy sources, such as coal, oil and […]

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The Geology of Cyprus

By Christos Constantinou*, BSc, MSc The most important fact in the geological evolution of the island of Cyprus is the ophiolite complex of Troodos. After dating analysis, the estimated age of the ophiolite of Troodos is set in the Upper Cretaceous era. The main reason for the formation of the ophiolite is attributed to the changes on the lithospheric plates […]

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Μεγιστοποιώντας τα Οφέλη του Τρίτου Γύρου Αδειοδότησης

Το άρθρο δημοσιεύτηκε στην Σημερινή στις 14 Αυγούστου, 2016. Του Δρ Κωνσταντίνου Χατζηστάσου* Λαμβάνοντας υπόψη την ιστορικά χαμηλή τιμή του αργού πετρελαίου το ενδιαφέρον πρωτοκλασάτων ενεργειακών μνηστήρων όπως των Exxon-Mobil, Statoil, και Qatar Petroleum στον Τρίτο Γύρο Αδειοδότησης μόνο ευφορία μπορεί να προκαλέσει. Αν και τολμηρό το τάιμινγκ της προκήρυξης, εντούτοις απαιτείται μεγάλη προσοχή για την μέγιστη δυνατή αξιοποίηση του […]

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Defaming the Petro-Industry

Article appeared in Sunday Mail, on the 27th of April, 2014. By Constantinos Hadjistassou, PhD* Recently a series of articles appearing in the press and on the web have dealt with the “industrialisation” of Larnaca’s harbour. It all culminated in a demonstration by a group of Larnaca residents outside the harbour demanding the removal of the exploratory drilling facilities that […]

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Does Natural Gas Qualify as a Transition Fuel?

A Modified version of article appeared in Sunday Mail, 25th of May, 2014. By Constantinos Hadjistassou*, PhD An unexpected consequence of the shale oil & gas boom in the US, which commenced in the mid-2000s, was that US coal exports have increased significantly. In fact, US coal shipments have doubled ever since to 100 million tons with a sizeable amount—about […]

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New Realities Surrounding Offshore Drilling in the EEZ

A slightly modified version of the article appeared in Sunday Mail, Aug. 17, 2014 By Constantinos Hadjistassou* Two and a half years elapsed since the official announcement of the discovery of natural gas in offshore Block 12, and a great deal has changed here in Cyprus, in the region and also in the global natural gas market. No doubt expectations […]

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