Russia Completes First Reactor Cover Welding for Akkuyu

Russia Completes First Reactor Cover Welding for Akkuyu

The welding of the reactor cover for the first unit of Akkuyu Nuclear Power Plant (NPP) has been completed, the reactor's manufacturer Atomenergomash announced on Wednesday.

Energy Info Admin. Forecasts Fall in Oil Prices in 1H20

Energy Info Admin. Forecasts Fall in Oil Prices in 1H20

Crude oil prices are forecast to decline during the first half of 2020 but later increase through 2021, the U.S.' Energy Information Administration (EIA) said in a statement on Wednesday.

Oil, Gas Sec. to Up Energy Transition Investment in '20

Oil, Gas Sec. to Up Energy Transition Investment in '20

More oil and gas companies than ever are taking action to decarbonize, with an anticipated sharp rise to either maintain or increase decarbonization investment from 54% in 2019 to 71% in 2020, according to the DNV GL's new survey published on Tuesday.

Global Oil Supply Falls in Dec. 2019

Global Oil Supply Falls in Dec. 2019

Global oil supply tumbled by 780 thousand barrels per day in December to stand at 100.7 million barrels per day (mb/d), according to the International Energy Agency’s (IEA) report on Thursday. The decrease came from Saudi Arabia's reduced output and a seasonal fall in biofuels production, according to the IEA's monthly oil report.

Turkey Expects 1 Million Electric Cars on Roads by 2030

Turkey Expects 1 Million Electric Cars on Roads by 2030

Over one million electric vehicles are anticipated to be on Turkey's roads by 2030, according to Turkey’s Energy and Natural Resources Minister Fatih Donmez on Thursday. "By 2022 or 2023, we hope to see our own indigenous automobile on the roads," Donmez told Anadolu Agency's Editor's Desk.

 Wind, Solar to Generate most New US Power in 2020

Wind, Solar to Generate most New US Power in 2020

Most of the U.S.' new power generating capacity is expected to come from wind and solar in 2020, the country's Energy Information Administration (EIA) said in a statement on Tuesday.

Cypriot Power Company EAC Looking to Rent Land for Solar Parks

Cypriot Power Company EAC Looking to Rent Land for Solar Parks

Individuals and companies, but also municipalities and communities can propose by the end of the year to the Electricity Authority of Cyprus to lease their land for photovoltaic plants. The required size per lot was reduced in the new tender to 30,000 square meters from 65,000.

Turkey's Daily Power Consumption up 14% on Jan. 13

Turkey's Daily Power Consumption up 14% on Jan. 13

Turkey's daily electricity consumption increased by 14% to 851,323 megawatt-hours on Monday, according to official figures of Turkish Electricity Transmission Corporation (TEIAS) on Tuesday.

Danish Orsted Constructs First Dutch Offshore Wind Farm

Danish Orsted Constructs First Dutch Offshore Wind Farm

Denmark's Orsted started construction of its first offshore wind farm in the Netherlands by installing the first foundations at the 752-megawatt Borssele 1 & 2 offshore wind farm, a statement from Orsted, formerly known as Dong Energy, said on Monday.

Turkey's Daily Power Consumption Down 8.87% on Jan. 12

Turkey's Daily Power Consumption Down 8.87% on Jan. 12

Turkey's daily electricity consumption decreased by 8.87% to 745,467 megawatt-hours on Sunday, according to official figures of Turkish Electricity Transmission Corporation (TEIAS) on Monday.

S. Aramco Nets Extra $3.8 Bln. after Greenshoe Option

S. Aramco Nets Extra $3.8 Bln. after Greenshoe Option

State-owned oil company Saudi Aramco gained an additional $3.8 billion from its record initial public offering (IPO) after its greenshoe option that allows the issuing of more shares in the IPO, according to the company's statement on Sunday.

Turkey's Daily Power Consumption up 0.3% on Jan. 8

Turkey's Daily Power Consumption up 0.3% on Jan. 8

Turkey's daily electricity consumption increased by 0.3% to 897,257 megawatt-hours on Wednesday, according to official figures of Turkish Electricity Transmission Corporation (TEIAS) on Thursday.

Turkstream Gas Pipeline Launches in Istanbul

Turkstream Gas Pipeline Launches in Istanbul

The TurkStream natural gas pipeline was launched Wednesday with an opening ceremony in Istanbul with the attendance of Turkey's President Recep Tayyip Erdogan and Russia's President Vladimir Putin along with high ranking energy ministers from both countries.