Turkey's Daily Power Consumption Up 3.24% on Nov. 19

Turkey's Daily Power Consumption Up 3.24% on Nov. 19

Turkey's daily electricity consumption increased by 3.24% to 797,692 megawatt-hours on Tuesday, according to official figures of Turkish Electricity Transmission Corporation (TEIAS) on Wednesday.

Saudi Aramco's Income Higher Than 9 Oil Majors Combined

Saudi Aramco's Income Higher Than 9 Oil Majors Combined

Saudi Aramco, which will see its initial public offering (IPO) next month in the Saudi stock exchange, posted a net income higher than nine oil majors' earnings combined both in 2018 and during the first half of 2019.

Spot Market Electricity Prices for Thursday, Nov. 21

Spot Market Electricity Prices for Thursday, Nov. 21

The highest electricity rate for one-megawatt hour in the day-ahead spot market for Thursday will be 336.01 Turkish liras at 17.00 and 18.00 local time, and the lowest will be 250 liras at 03.00 and 04.00 local time, according to official figures on Wednesday.

UN Chief Calls for Green, Clean Development in Africa

UN Chief Calls for Green, Clean Development in Africa

UN Secretary General on Wednesday called on African countries to "adopt a holistic approach to industrial policy," as well as clean and green strategies amid current climate crisis.

Turkey's Daily Power Consumption Rises 0.46% on Nov. 13

Turkey's Daily Power Consumption Rises 0.46% on Nov. 13

Turkey's daily electricity consumption increased by 0.46% to 782,206 megawatt-hours on Wednesday, according to official figures of Turkish Electricity Transmission Corporation (TEIAS) on Thursday.

Global Oil Production Up in October 2019

Global Oil Production Up in October 2019

Global oil supply in October increased in October by 1.67 million barrels per day (mb/d) month on month (m-o-m) to average 99.34 mb/d, the Organization of Petroleum Exporting Countries (OPEC) said in its report on Thursday.

Siemens Gamesa to Supply 300 MW Turbine Plant in Taiwan

Siemens Gamesa to Supply 300 MW Turbine Plant in Taiwan

Siemens Gamesa Renewable Energy (SGRE) and Hai Long Offshore Wind (Hai Long) signed a preferred supplier agreement for the delivery and servicing of turbines on the 300-megawatt Hai Long 2 offshore wind power project, located approximately 50 kilometers off the coast of Changhua County, according to the company's announcement on Tuesday.

Saudis to Extract Oil Until Last Molecule: Energy Min.

Saudis to Extract Oil Until Last Molecule: Energy Min.

Saudi Arabia intends to use its rich oil resources while searching for new areas to use its energy sources, according to its Energy Minister Prince Abdul Aziz bin Salman on Tuesday.

Turkey, Denmark Work Closely for Offshore Wind Growth

Turkey, Denmark Work Closely for Offshore Wind Growth

The collaboration between Turkey and Denmark for offshore wind development will help Turkey in its preparations for its first offshore wind power plant, Energy Sector Counselor of the Royal Danish Embassy in Ankara told Anadolu Agency on Wednesday.

Saudi Aramco to Sell 0.5% in IPO to Retail Investors

Saudi Aramco to Sell 0.5% in IPO to Retail Investors

Saudi Arabia's crown jewel Aramco said it will sell 0.5% of its shares to retail investors in the much-awaited initial public offering (IPO) scheduled for December, which is anticipated to make the company the world's most valuable.

Iran Finds New Oilfield of Massive Size

Iran Finds New Oilfield of Massive Size

Iranian President Hassan Rouhani on Sunday said a new big oilfield has been discovered in Khuzestan province in southwestern Iran. "We have discovered a new big oilfield with 53 billion barrels of reserves," Rouhani said in a speech cited by the official IRNA news agency.

Iraq Views Turkey as Alternative for Basra Oil Exports

Iraq Views Turkey as Alternative for Basra Oil Exports

Iraq is targeting Turkey as one of a possible export route alternatives for oil transportation from the oil-rich Basra region that has seen its exports hamper due to protests in the country, Iraqi Oil Minister Falah Alamri Jassim told Anadolu Agency on Monday.

Bulgaria Becomes Part of the Common European Electricity Market

Bulgaria Becomes Part of the Common European Electricity Market

Bulgaria joins the common European electricity market, the Electricity System Operator announced. Together with Croatia, the Czech Republic, Hungary, Poland, Romania and Slovenia, Bulgaria will now be involved in unifying the electricity markets.

The Ιnfluence of Pipelines on Regional Politics

The Ιnfluence of Pipelines on Regional Politics

In our recently recently released book Does Energy Cause Ethnic Wars?: Natural gas and regional conflicts in the the East Mediterranean and Caspian Sea, Andreas Stergiou and I attempted to appraise the role of natural gas as well as the question of whether the prospect of economic benefits resulting from the development of energy resources can be an incentive for peace or a catalyst for war for those having to live through the ongoing power game in the Caspian Sea and the Eastern Mediterranean.