Marine and carbon matters!
Article appeared in Sunday Mail, on Sept. 11, 2016. By Constantinos Hadjistassou* Frequently we hear the aspiration of transforming Cyprus into a regional energy hub. Turkey flirts more prominently with the idea while Egypt more recently voiced serious interest. Considering the economic importance of energy hubs not only for the host country but to the world’s economy it is instructive […]
Read moreArticle appeared in the Cyprus Mail, Thursday Sept. 12th, 2013. By Constantinos Hadjistassou* Production tests, also known as drill stem tests, are a milestone in the development of a hydrocarbons field and its conversion into a proved reserve. The process primarily aims at: (a) quantifying the production capacity; (b) determining the pressure of the fluids (oil, natural gas and/or other […]
Read moreArticle 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 […]
Read moreArticle 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 […]
Read moreOriginally 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 […]
Read moreArticle 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 […]
Read moreAn 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 […]
Read moreBy 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 […]
Read moreΤο 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 […]
Read moreArticle 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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