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Local & Renewables Form 82% of Turkey's Power on May 19

Δευ, 20 Μαΐου 2019 - 21:01

Turkey produced 82% of its electricity from domestic and renewables resources on Sunday, May 19, according to statistics from Turkey's Energy and Natural Resources Ministry.

Uzbekistan to Invest $33 Billion in Oil And Gas Sector

Παρ, 17 Μαΐου 2019 - 20:21

The government of Uzbekistan will invest $33 billion in the oil and natural gas sector by 2025, the country's state oil and gas company announced Friday. The government will actualize that more than 30 investment projects with the $33 billion investment in the oil and gas sector between 2019-2025, according to the statement from Uzbekneftegaz.

TAP Over 87% Complete on 3rd Construction Anniversary

Παρ, 17 Μαΐου 2019 - 20:18

The Trans Adriatic Pipeline, the last section of the $40-billion, 3,500-kilometer-long Southern Gas Corridor, is now over 87% complete on the third anniversary of its construction start, a statement from the TAP AG company said on Friday. The construction of the project started on May 17, 2016, and first deliveries to Europe are planned for 2020.

Turkey-Germany Preps Renewable Coop. Roadmap for 2019

Πεμ, 16 Μαΐου 2019 - 21:39

Renewables and energy efficiency cooperation in 2019 is a prime topic on the Turkish-German economy agenda, the vice president of German-Turkish Chamber of Commerce and Industry (AHK) and energy expert Zafer Koc told Anadolu Agency on Tuesday.

BP Appoints New Country Head for Turkey

Πεμ, 16 Μαΐου 2019 - 21:36

BP appointed Joe Murphy as its new head of country for Turkey, BP Turkey announced on Thursday.

Global Oil Supply Falls in April 2019: IEA

Πεμ, 16 Μαΐου 2019 - 21:34

Global oil supply contracted by 300,000 barrels per day (b/d) in April to 99.33 million b/d, with Canada, Kazakhstan, Azerbaijan and Iran leading the losses, according to data from the International Energy Agency (IEA) on Wednesday.

Scotland's Largest Offshore Wind Farm Completes Build

Πεμ, 16 Μαΐου 2019 - 21:31

Scotland’s largest offshore wind farm Beatrice has seen all of its 84 wind turbines installed after three years of construction, project partner SSE Renewables announced on Wednesday.

Bulgarian PM Borisov: On May 20 will Start the Construction of the Interconnector with Greece

Δευ, 13 Μαΐου 2019 - 20:36

By May 20th will happen the first sod of the construction where the interconnector with Greece will be made. This was announced by Prime Minister Boyko Borisov in Rousse. He was in the Danube town to get acquainted with the new investment of a German automotive locking plant that opened a new production base.

Fossil Fuel Companies Should Go Green for Climate Fight

Δευ, 13 Μαΐου 2019 - 20:32

At a time when the effects of climate change and global warming are hard to ignore, experts believe the only way to counter this impact for a brighter future is for fossil fuel companies to halt oil and gas investments and focus on clean alternatives. The world must be fossil fuel free by 2050 at the latest, Daniel M. Kammen, director of Renewable and Appropriate Energy Laboratory at UC Berkeley, told Anadolu Agency on Monday.

Energy Expert: Bulgaria Can Import Gas From the US at a Bargain Price, But Not Now

Παρ, 10 Μαΐου 2019 - 19:27

"Bulgaria can import gas from the US at a bargain price and minimize transport costs for the raw material." This is the energy expert Hristo Kazandzhiev in an interview with Darik. He predicts a rise in gas prices in the coming months, Darik News reports.

EU Electric Cars Trade Surplus Reaches €3 Bln. in 2018

Παρ, 10 Μαΐου 2019 - 19:14

The EU's trade surplus for electric cars and hybrid electric cars reached nearly €3 billion last year, according to the EU's statistics watchdog Eurostat on Friday.

US Crude Oil Stocks, Production Fall for W/E May 3

Πεμ, 9 Μαΐου 2019 - 20:27

Crude oil inventories and production decreased in the U.S. last week, according to data released by the Energy Information Administration (EIA) on Wednesday. Commercial crude oil stocks decreased by 4 million barrels, or 0.8%, to 466.6 million barrels for the week ending May 3, the EIA data showed.

Valuera to Focus on 10 Tn. Cubic Feet of Gas in Thrace

Πεμ, 9 Μαΐου 2019 - 20:22

Canada's Turkey-focused energy company Valeura will focus on testing the flow potential of the long indicated gas columns in its new wells, the resources from which are forecast to be in the region of 10 trillion cubic feet (Tcf), equivalent to 286 billion cubic meters, the company said on Thursday.

Local & Renewables Form 84% of Turkey's Power on May 6

Τετ, 8 Μαΐου 2019 - 20:32

Turkey produced 84% of its electricity from domestic and renewables resources on Monday, May 6, according to statistics from Turkey's Energy and Natural Resources Ministry. The statistical data showed that the country produced a total 731.69 million kilowatt-hours of electricity on Monday.

US Revises Up Brent Oil Forecast by $5 for 2019, 2020

Τετ, 8 Μαΐου 2019 - 20:26

The U.S.' Energy Information Administration (EIA) revised up its Brent oil price forecast for 2019 and 2020, according to its Short-Term Energy Outlook (STEO) for May released on Tuesday. The international benchmark was revised up by $5 per barrel for both this and next year, the STEO showed.

Norwegian Equinor's Earnings Down in 1Q19

Παρ, 3 Μαΐου 2019 - 19:50

Norwegian energy company Equinor's adjusted earnings decreased to $4.19 billion in the first quarter of 2019, from $4.41 billion in the same period of 2018, the company said on Friday. The company reported that although production was at a high level, lower oil prices impacted the result.