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BP's Third-Quarter Profits Fall 41%

Τετ, 30 Οκτωβρίου 2019 - 20:28

BP's profit for the third quarter of 2019 amounted to $2.3 billion, down from $3.8 billion a year earlier due to lower upstream earnings from weaker oil prices, and maintenance and climate impacts, the company announced on Tuesday.

Turkey Needs to Focus on Gas Production Projects

Τετ, 30 Οκτωβρίου 2019 - 20:23

Turkey needs to focus on gas exploration and production in international projects from the second half of 2020, the Chair of the Institute for Energy Markets and Policies (EPPEN) Volkan Ozdemir said on Wednesday.

Costis Stambolis's Νew Βook on Οil and its Ρredicament Ρresented at Special Εvent in Athens

Τρι, 29 Οκτωβρίου 2019 - 14:20

Talking to a packed audience at a book publishing event held in the "Public" bookstore in central Athens on on Monday, October 21, Costis Stambolis explained the reasons which prompted him to write what turned out to be a treatise on the role of oil in the shaping of modern society and its cardinal importance for the economy.

Nordex Aims to Empower Women in Turkey's Wind Sector

Δευ, 28 Οκτωβρίου 2019 - 18:52

German wind turbine manufacturer Nordex’s Turkey branch, Nordex Enerji AS, in partnership with Turkish Women in Renewable and Energy Network (TWRE), aims to enhance Turkish young women’s participation in the wind energy sector through a new training program.

IMF Revises Down Middle Eastern Oil Exporters' Growth

Δευ, 28 Οκτωβρίου 2019 - 18:10

The economic growth forecast for oil exporting countries in the Middle East has been revised down for 2019, the International Monetary Fund (IMF) said Monday in its report titled Regional Economic Outlook:

Bank Funding of € 200 Million Provided for Balkan Stream

Πεμ, 24 Οκτωβρίου 2019 - 20:06

Bank financing was provided for the construction of Balkan Streamin the form of a secured loan of EUR 200 million. This was reported by Bulgartransgaz. The system operator announced that it had successfully completed the loan procedure, BTA reported.

Russia's Rosneft Fully Switches Oil Contracts to Euros

Πεμ, 24 Οκτωβρίου 2019 - 19:55

Russia’s largest oil producer Rosneft has fully switched its contracts to euros from U.S. dollars, Rosneft CEO Igor Sechin announced on Thursday.

The Construction of the Balkan Stream Gas Pipeline Through Bulgaria Has Started (Video)

Τρι, 22 Οκτωβρίου 2019 - 09:43

First video footage of the construction activities of the extension of the gas transmission network along the Balkan Stream line in the section from the Bulgarian-Turkish border to the Bulgarian-Serbian border.

SE Europe: Vulnerable After Russian Gas Transit Expiry

Τρι, 22 Οκτωβρίου 2019 - 09:21

South East Europe's natural gas market will be vulnerable to supply deficits when Russian gas transit through Ukraine ends in December 2020, according to James Henderson, director of the Natural Gas Program at Oxford Institute for Energy Studies on Monday.

Turkey Set to be Among Europe's Top 5 Renewable Leaders

Τρι, 22 Οκτωβρίου 2019 - 09:12

Turkey is on its way to being among Europe's five biggest renewable energy countries, with a 50% renewable energy installed capacity growth set to reach 63 gigawatts (GW) by 2024, according to a new report released by International Energy Agency (IEA) on Monday.

Valeura's Turkey Activities Unaffected by Syria Operation

Πεμ, 17 Οκτωβρίου 2019 - 16:11

Valeura Energy, which focuses on producing natural gas in Turkey's northwest Thrace basin, remains unaffected by Turkey's recent operation in northern Syria, the Canadian-based energy company announced in a statement on Thursday.

Oil Demand to Fall in Early 2020 Before Recovery: Report

Πεμ, 17 Οκτωβρίου 2019 - 15:30

Global crude oil demand is expected to decline in early 2020 before recovering throughout the year, according to a report by the London-based independent economic research company Capital Economics released on Wednesday.

Oil Prices Driven by Demand More Than Supply: OPEC Head

Τετ, 16 Οκτωβρίου 2019 - 18:51

Crude prices in the global oil market is driven more by overall demand rather than supply, according to the Secretary General of the Organization of Petroleum Exporting Countries (OPEC) on Tuesday.

Turkey Aims 20,000 MW Wind Capacity by 2023: TWEA Head

Τετ, 16 Οκτωβρίου 2019 - 18:49

Turkey aims to reach 20,000 megawatts (MW) of installed capacity in wind energy by 2023, Hakan Yildirim, President of the Turkish Wind Energy Association (TWEA), told Anadolu Agency's Energy Desk in an exclusive interview on Wednesday.

World Oil Output Sees Biggest Monthly Drop in 10+ Years

Παρ, 11 Οκτωβρίου 2019 - 20:51

Global oil supply fell by 1.5 million barrels per day to 99.25 million barrels per day (mbpd) in September, according to data from the International Energy Agency (IEA) on Friday.

Turkey to Restructure $10 Billion Energy Finance in '19

Παρ, 11 Οκτωβρίου 2019 - 20:48

Turkey's energy investors restructured around $7.5 billion out of an approximate $13 billion non-performing loans (NPLs) while the banks and companies also agreed initial settlements to restructure a further $2.5 billion by the end of 2019, banking sector sources who asked to remain anonymous told Anadolu Agency.