English Edition

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.

Turkey's Crude Oil Imports Up 78.30% in February 2019

Παρ, 3 Μαΐου 2019 - 19:42

Turkey's crude oil imports increased by 78.30% to 2.3 million tonnes in February 2019 compared to the same month of 2018, according to a report released by the country's energy watchdog on Friday.

Eni to Explore Oil in Block 1 Offshore Bahrain

Πεμ, 2 Μαΐου 2019 - 14:38

Eni signed an agreement with Bahrain's National Oil and Gas Authority to explore oil in offshore Block 1, the Italian energy company announced Wednesday.

Turkey Produces 86% Electricity from Local, Renewable on May 1

Πεμ, 2 Μαΐου 2019 - 14:34

Turkey produced 86.14% of its electricity from domestic and renewables resources on Wednesday, May 1, according to statistics from Turkey's Energy and Natural Resources Ministry.

Turkey's Energy Import Bill up 10.6% in March 2019

Τρι, 30 Απριλίου 2019 - 15:18

Turkey's energy import bill increased by nearly 10.6% to over $3.7 billion in March compared to the same month of 2018, according to data released by the Turkish Statistical Institute on Tuesday.

BP Profits Fall in 1Q19 Due to Oil Price Volatility

Τρι, 30 Απριλίου 2019 - 15:14

BP's profit for the first quarter of 2019 totaled $2.4 billion, down from $2.6 billion a year earlier, due to the weaker price and margin environment at the start of the quarter, the company announced on Tuesday.

Canada's Valeura Energy Encouraged by Thrace Gas Find

Παρ, 26 Απριλίου 2019 - 18:28

Data from Turkey-focused Canadian energy company Valeura Energy confirms positive results from its unconventional drilling near the Yamalik-1 and Inanli-1 wells in Turkey's Thrace region, the company announced on Friday.

World's First Floating Nuke Plant Ready For Operation

Παρ, 26 Απριλίου 2019 - 18:25

The world's first and only floating nuclear power plant (FNPP), Akademik Lomonosov, is ready to start commercial operations in the Russian Arctic coast, the country's Atomic Energy Corporation Rosatom announced on Thursday.

Turkish People Favor Foreign Investment in Renewables

Τετ, 24 Απριλίου 2019 - 19:51

The majority of Turkish people want foreign investment in renewable energy resources, according to a survey conducted in April by E3G - an independent climate change think tank that aims to accelerate the global transition to a low carbon economy.

US Petroleum Product Exports Set New High in 2018

Τετ, 24 Απριλίου 2019 - 19:48

The U.S.' exports of total petroleum products set a record high for the 16th consecutive year in 2018, reaching an annual average of 5.6 million barrels per day (b/d), an increase of 366,000 b/d from 2017 levels, the country’s Energy Information Administration said Tuesday.

EU Regrets US Move to End Waivers on Iran Oil Imports

Τρι, 23 Απριλίου 2019 - 20:42

The European Union on Tuesday regretted the U.S. move to end sanctions waivers on Iran oil imports. Speaking at a media briefing, Maja Kocijancic, the EU Foreign Affairs and Security Policy spokeswoman said, the EU will continue to implement the nuclear agreement.

Turkey Slams US Move to End Waivers on Iran Oil Imports

Τρι, 23 Απριλίου 2019 - 20:38

Turkey’s foreign minister on Monday warned that Washington ending sanctions waivers on Iranian oil sales would do harm to regional peace. "The U.S. decision to end sanctions waivers on Iran oil imports will not serve regional peace and stability, yet will harm Iranian people," Mevlut Cavusoglu said on Twitter.