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Oman’s Gas Production to Surpass Oil by 2023: Rystad

Natural gas production in Oman is expected to surpass that of oil by 2023 due to the rising development of gas fields in the country, Norway-based independent energy research and consulting firm Rystad Energy said on Tuesday.

Decreased Transit of Russian Gas Through Bulgaria to Turkey

US Shale Output to Grow 15% in 2019 With 5% Lower Capex

Shale oil companies in the U.S. are expected to deliver 15 percent annual oil production growth while cutting their capital expenditure by 5 percent in 2019, according to Rystad Energy.

Turkey's Crude Oil Imports Up by 10.7% in December 2018

Turkey's crude oil imports increased by 10.7 percent to 2.1 million tonnes in December 2018 compared to the same month of 2017, according to a report released by the country's energy watchdog on Thursday.

Senvion Secures 1st Offshore Wind Farm in Mediterranean

German wind turbine manufacturer Senvion concluded a 30-megawatt (MW) contract with Italian renewable energy company Renexia for the first offshore wind farm in the Mediterranean Sea, Senvion announced Friday.

The Tender for the Bulgarian Part of the "Turkish Stream" is Fixed?

The tender for the design, pipe supplier and contractor of theBulgarian part of Turkish Stream, although formally not completed, has already had a clear winner.

UAE’s ADNOC to Explore Oil, Gas Opportunities in Korea

The Abu Dhabi National Oil Company (ADNOC) signed three framework agreements with South Korean energy companies to explore upstream exploration and production opportunities, potential downstream investments and bunkering opportunities for both crude oil and liquified natural gas (LNG), the company announced Tuesday.

Construction Launched on Flue-Gas Desulfurization Systems at Coal-Fired Power Plant TENT A

The construction of flue-gas desulfurization systems has begun at thermal power plant (TPP) Termoelektrana Nikola Tesla (TENT A) under a EUR 167 million project. The project will reduce the coal-fired power plant’ sulfur-dioxide (SO2) emissions ninefold, from around 74,000 tonnes to 7,747 tonnes annually.

Saudi Aramco to co-Build $10B Refinery in China

Saudi Aramco signed an agreement on Friday to form a joint venture with Chinese NORINCO Group and Panjin Sincen to develop a fully-integrated refining and petrochemical complex in the city of Panjin in the Liaoning province of China.

EU Needs to Raise 2030 Emission Reduction Target to 55%

EU needs to raise the 2030 emissions reduction target from 40 percent to 55 percent compared to 1990 levels in order to reach net-zero greenhouse gas (GHG) emissions by 2050, the European Parliament announced on Wednesday.

Shell Transfers to Repsol 20% of Oil and Gas Exploration Rights in Han Kubrat Offshore Bulgaria

The Council of Ministers has authorized Shell International Exploitation and Development Italy S.A. to transfer 20% of oil and gas exploration rights to Block 1-14 Kubrat to Repsol Bulgaria Khan Kubrat SA. The possibility of transferring the rights and obligations under granted permit for prospecting and exploration is regulated in the Underground Natural Resources Act.

26 European Islands Launch Clean Energy Transition

The European Commission (EC) will support the transition of 26 islands in the EU to clean energy, many of which currently depend on expensive fossil fuel imports for their energy supply, the EC announced on Monday.

Turkey to Invest $23 Million for Turkstream in 2019

Turkey plans to invest 122 million Turkish Liras in 2019, equivalent to around $23 million, for the land section on Turkish soil of the TurkStream natural gas pipeline, according to the government's 2019 investment plan released on Monday.