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Vestas Receives 442 MW Order in US

Vestas Receives 442 MW Order in US

Denmark's Vestas received a 442 megawatts wind turbine order from the U.S.' company Xcel Energy on late Friday

Natural Gas Consumption, Production Up in 2017: BP

Natural Gas Consumption, Production Up in 2017: BP

Global natural gas consumption rose by 96 billion cubic meters (bcm) in 2017, the fastest since 2010, according to British Petroleum's (BP) Statistical Review of World Energy 2018 report

Global LNG Tanker Fleet Grows in 2017

Global LNG Tanker Fleet Grows in 2017

The total global LNG tanker fleet consisted of 511 vessels at the end of 2017, an increase of 6.9 percent compared to 2016, according to the annual report of the International Group of LNG Importers (GIIGNL)

A New German Plant Opens 2000 Jobs in Bulgaria

A New German Plant Opens 2000 Jobs in Bulgaria

A German company has invested EUR 32 million to build a new electric wiring plant in Pleven. This will create 2000 jobs for the region, a press conference at the Ministry of Economy has revealed

Tesla to Lay Off 9 Percent of Workforce

Tesla to Lay Off 9 Percent of Workforce

Tesla Chief Executive Elon Musk told employees Tuesday that the company would lay off 9 percent of its workforce. The move to cut thousands of workers is a way to slice costs and seek sustainable profitability, Musk argued

Turkeys Indigenous Car to Contribute 50B Euros to GDP

Turkey's Indigenous Car to Contribute 50B Euros to GDP

Turkish President Recep Tayyip Erdogan said Tuesday that Turkey's first indigenous automobile would contribute 50 billion euros ($58.7 billion) to the country’s Gross Domestic Product (GDP)

Italian Snam Forms New JV for Albanias Gas Pipelines

Italian Snam Forms New JV for Albania's Gas Pipelines

The Italian natural gas transmission system operator Snam and the Albanian gas infrastructure operator Albgaz signed an agreement to form a joint venture for the operation and maintenance of gas pipelines in Albania

Erdogan to Inaugurate TANAP Pipeline on June 12

Erdogan to Inaugurate TANAP Pipeline on June 12

Turkish President Recep Tayyip Erdogan is set to inaugurate the Trans Anatolian Natural Gas Pipeline (TANAP) project on June 12 in the northwestern city of Eskisehir

Nord Stream 2 Receives Construction Permit in Russia

Nord Stream 2 Receives Construction Permit in Russia

Nord Stream 2 AG, the developer of a pipeline to supply Russian natural gas to the EU market through the Baltic Sea received the construction permit for the Russian section of the planned pipeline, Russia's Gazprom announced late on Thursday

Honda, GM Partner for Next Gen. Battery Development

Honda, GM Partner for Next Gen. Battery Development

General Motors Co. and Honda announced Thursday an agreement for new advanced chemistry battery components, including cells and modules for electric vehicles (EVs)

World Crude Oil Production Declines in 2017

World Crude Oil Production Declines in 2017

World crude oil production declined by 701,000 barrel around 0.9 percent in 2017 year-on-year to reach 74.69 million barrel per day (mb/d), marking the first yearly fall since 2009, the Organization of the Petroleum Exporting Countries (OPEC) said on Thursday