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Turkey Announces Start-Date for Offshore Operations in Mersin

Turkey Announces Start-Date for Offshore Operations in Mersin

The U.S.-based Rowan Companies' drillship, Rowan Norway, arrived in Turkey's Mediterranean coast near Mersin to conduct test drilling for hydrocarbon reserves around the region, according to the Turkish Naval Forces Office of Navigation, Hydrography and Oceanography (SHOD) on Monday

EU Parl. Approves Binding 32 Pct Renewables Goal for 2030

EU Parl. Approves Binding 32 Pct Renewables Goal for 2030

The EU Parliament on Tuesday approved a binding 32 percent renewables target and an indicative target of 32.5 percent increase in energy efficiency by 2030, marking a significant step towards meeting the EU's climate goals

Drillship on Mission in Conflict Zone Offshore Cyprus

Drillship on Mission in Conflict Zone Offshore Cyprus

The Stena Icemax, a drillship leased by ExxonMobil, has arrived in the offshore Block 10 of the Cyprus Island to conduct upstream activities, Athens News Agency, AMNA reported on Monday

Wind to be EUs Largest Power Source Well Before 2030

Wind to be EU's Largest Power Source Well Before 2030

Wind energy is set to overtake coal, nuclear and gas to become the EU’s largest power source well before 2030, WindEurope quoted the International Energy Agency's (IEA) World Energy Outlook Report on Tuesday

Government Aid Could Deliver 20K Irish Wind Sector Jobs

Government Aid Could Deliver 20K Irish Wind Sector Jobs

The Irish Wind Energy Association (IWEA) and the National Offshore Wind Energy Association of Ireland (NOW Ireland) identified specific governmental action to enable substantial offshore wind energy development while providing an estimated 20,000 jobs, the IWEA said in a statement on Wednesday

Turkey Sets Ceiling Price At $0.055/kWh in Wind Tender

Turkey Sets Ceiling Price At $0.055/kWh in Wind Tender

A maximum ceiling price offer of $0.055 per kilowatt-hour (kWh) has been set for Turkey's second Renewable Energy Resources Zones (YEKA) wind energy tenders for a total capacity of 1,000 megawatts, the Turkish Energy and Natural Resources Ministry announced Wednesday

Saudi Aramco’s Switch to New Oil Benchmark

Saudi Aramco’s Switch to New Oil Benchmark

Saudi Aramco has recently announced the company’s plan to change its pricing formula that was used for long-term crude oil sales, which will come into effect as of October 2018

Saudi Prince Launches Countrys 1st Nuke Plant Project

Saudi Prince Launches Country's 1st Nuke Plant Project

Saudi Arabia's crown prince set in motion seven major energy projects, one of which is to build the kingdom’s first nuclear research reactor, according to the Saudi Press Agency’s report late Monday

Russia to Boost Annual Gas Supply Volumes to Austria

Russia to Boost Annual Gas Supply Volumes to Austria

Russian Gazprom and Austrian OMW signed a contract to increase the supply of Russian gas by 1 billion cubic meters (bcm) per year, the Russian company announced Monday

Turkeys Energy Import Bill up 15.5 Percent in Sept.

Turkey's Energy Import Bill up 15.5 Percent in Sept.

Turkey's energy import bill increased by 15.5 percent to nearly $3.6 billion in September from nearly $3.1 billion for the same month last year, according to data released by the Turkish Statistical Institute on Wednesday

US Signals Iran Oil Sanctions Waivers Possible

US Signals Iran Oil Sanctions Waivers Possible

The U.S. said Tuesday it is considering sanctions "exemptions" for countries that have majorly cut their dependence on Iranian oil ahead of a key deadline next week