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US' Retail Gasoline Price Ends 2018 Lower

Δευ, 7 Ιανουαρίου 2019 - 20:15

The average U.S. retail gasoline price ended 2018 lower than it started due to the oil supply glut, rising inventories and the decline in crude oil prices, the U.S.' Energy Information Administration (EIA) said in a statement on Friday.

Turkey's Wind Energy Capacity to Reach 8 GW in 2019

Παρ, 4 Ιανουαρίου 2019 - 20:04

Turkish wind energy installed capacity is expected to reach 8 gigawatts with an addition of 600 megawatts (MW) in 2019, Turkish Wind Energy Association (TUREB) head said on Friday.

Eni to Buy 70 Pct of Oooguruk Oil Field in Alaska

Παρ, 4 Ιανουαρίου 2019 - 19:58

Eni entered into an agreement to acquire 70 percent and the operatorship of the Oooguruk oil field in Alaska from Caelus Natural Resources Alaska LLC, the company announced Thursday.

Oil Price to be Low if OPEC Cuts Fail in 2019: JPMorgan

Πεμ, 3 Ιανουαρίου 2019 - 20:30

Crude oil prices could decline further and remain low if OPEC members fail to maintain curbs in total production in 2019, American investment bank and financial services firm, J.P. Morgan, said Wednesday.

Enel Brings Online 620 MW of New Wind Capacity in US

Παρ, 28 Δεκεμβρίου 2018 - 19:20

Enel, through its U.S. renewable company Enel Green Power North America, Inc. (EGPNA), started operations of two wind farms in the U.S. with a total capacity of around 620 megawatts (MW), the Italian energy company announced Thursday.

East Mediterranean Gas not a Game Changer: IEA's Birol

Παρ, 28 Δεκεμβρίου 2018 - 19:13

Natural gas resources in eastern Mediterranean region are unlikely to be a game changer given the rising supply in the global gas market, Fatih Birol, the executive director of the International Energy Agency (IEA) told Anadolu Agency on Friday.

US Energy Expenditures Decline for Fifth Year: EIA

Πεμ, 27 Δεκεμβρίου 2018 - 19:51

Energy expenditures in the U.S. declined in 2016 for the fifth consecutive year, the country's Energy Information Administration (EIA) said in a statement on Wednesday.

Turkey's Crude Oil Imports Down by 11.2 Percent in Oct.

Πεμ, 27 Δεκεμβρίου 2018 - 19:48

Turkey's crude oil imports decreased by 11.2 percent to 2 million tonnes in October 2018 compared to the same month last year, according to a report released by the country's energy watchdog on Thursday.

SOCAR, BP Consider Forming Petrochem Facility in Turkey

Παρ, 21 Δεκεμβρίου 2018 - 14:51

BP and SOCAR have signed a heads of agreement (HoA) to evaluate the formation of a joint venture to build and operate a world-scale petrochemicals complex in Turkey, both companies announced in a shared statement on Thursday.

Russian Companies to Follow OPEC Oil Cut Pledge: Novak

Παρ, 21 Δεκεμβρίου 2018 - 14:48

Under the new OPEC deal, Russia will cut oil production by specifically 228,000 barrels per day, Alexander Novak, the country's energy minister said on Friday.

Total to Open Research, Innovation Center in Paris

Τετ, 19 Δεκεμβρίου 2018 - 17:45

Total is planning to open a new research and innovation center at the heart of Ecole Polytechnique cluster at Paris-Saclay, according to a press release issued by the energy giant on Tuesday. Chairman and CEO Patrick Pouyanne made the announcement during his visit to the Ecole Polytechnique cluster to inaugurate the Ile-de-France Photovoltaic Institute (IPVF), the statement read.

Highlights of Turkish Energy Market in 2018

Τετ, 19 Δεκεμβρίου 2018 - 17:42

The developments in the Trans Anatolian Natural Gas Pipeline (TANAP) project, TurkStream Natural Gas Pipeline project, the opening of new Turkey's biggest oil refinery, STAR, marked the top news stories in Turkey's energy sector in 2018.

Over 680 GW of Wind Power to Come Online in Next Decade

Παρ, 14 Δεκεμβρίου 2018 - 17:37

More than 680 gigawatts (GW) of new wind power capacity will come online globally over the next 10 years, according to recent research by Wood Mackenzie Power & Renewables.