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Mediterranean Energy Demand to Rise 46 Percent By 2030

Mediterranean Energy Demand to Rise 46 Percent By 2030

Achieving climate objectives are essential to manage Mediterranean energy security, the head of the Committee on Energy Efficiency and Renewable Energies at the Mediterranean Energy Observatory said on Thursday

Brazil is Third-Largest Oil Producer in Americas: EIA

Brazil is Third-Largest Oil Producer in Americas: EIA

Brazil's production of 3.24 million barrels per day (b/d) of petroleum and other liquids in 2016 has made it the world’s ninth-largest producer and the third-largest in the Americas behind the U.S. and Canada, U.S Energy Information Administration (EIA) said in a report on Wednesday

EU Ambassadors Endorse ETS Reform Deal with European Parliament

EU Ambassadors Endorse ETS Reform Deal with European Parliament

EU ambassador met on November 22 endorsing the provisional deal reached between the Estonian presidency and the European Parliament on November 9 on the reform of the EU emissions trading system (ETS) for the period after 2020. The agreed text will now be submitted to the European Parliament for approval, the Council said on November 22

COP23 Climate Talks Accelerate Paris Agreement Implementation

COP23 Climate Talks Accelerate Paris Agreement Implementation

This year’s United Nations climate conference, COP23, concluded on November 17 in Bonn, under the presidency of Fiji, with nearly 200 countries taking steps forward to ensure global climate action through implementation of the Paris Agreement, the European Commission said

IENE’s Annual Conference in Athens to Host Presentation of IEA’s World Energy Outlook 2017

IENE’s Annual Conference in Athens to Host Presentation of IEA’s World Energy Outlook 2017

Athens will be one of the ten cities around the world to host a presentation of the World Energy Outlook 2017, IEA’s latest major publication. The presentation in the capital of Greece, on November 23- just three days after the initial launch event, in Brussels, Belgium - will take place during IENE’s annual "Energy and Development 2017” Conference, to be held on November 23-24, 2017

Turkeys Gas Imports Rise 20.12% in First 8 Months of 17

Turkey's Gas Imports Rise 20.12% in First 8 Months of '17

Turkey's natural gas imports increased by 20.12 percent to 35.98 billion cubic meters in the first eight months of 2017 compared to the same period of last year, Natural Gas Distribution Companies Association (GAZBIR) announced on Thursday

Bulgaria Will Work for an European Strategy for the Oil Industry

Bulgaria Will Work for an European Strategy for the Oil Industry

Bulgaria is going to work during its European presidency next year on developing a common vision for the development of the oil industry, Energy Minister Teamenuezhka Petkova said during a meeting of the Association of European Petroleum Organizations, held in Sofia on Wednesday

EU Achieves Progress on Talks With China on Steel Dumping

EU Achieves Progress on Talks With China on Steel Dumping

Brussels and Beijing have agreed to cooperate on trade and competition after the two sides set up a dialogue on state aid. The EU’s executive arm represented by the Commissioner for Competition Margrethe Vestager, met Chinese officials in Beijing on 15 November for the first time since they signed a memorandum of understanding in June, to enter into a new dialogue between the EU and China

Russias Rosatom to Start Turkish Akkuyu NPP Project Implementation Shortly

Russia's Rosatom to Start Turkish Akkuyu NPP Project Implementation Shortly

Russian state-run nuclear corporation Rosatom will soon start work on the construction of the Akkuyu Nuclear Power Plant (NPP) project in Turkey. Turkish President Recep Tayyip Erdogan invited his Russian counterpart Vladimir Putin to attend the ceremony to pour the first concrete at the Akkuyu NPP

Russia’s Gazprom, Vietnam Advance Strategic Partnership

Russia’s Gazprom, Vietnam Advance Strategic Partnership

On November 10, Gazprom Chairman Alexey Miller and Vietnam Oil and Gas Group (PetroVietnam) CEO Nguyen Vu Truong Son held a working meeting on the margins of the Asia-Pacific Economic Cooperation summit in Danang, Vietnam where they discussed a wide range of issues related to bilateral partnership, including hydrocarbon production and geological exploration in Vietnam

A World in Transformation: IEA’s World Energy Outlook 2017

A World in Transformation: IEA’s World Energy Outlook 2017

The resurgence in oil and gas production from the United States, deep declines in the cost of renewables and growing electrification are changing the face of the global energy system and upending traditional ways of meeting energy demand, according to the World Energy Outlook 2017. A cleaner and more diversified energy mix in China is another major driver of this transformation

Turkeys Petkim Sees 169% Profit Rise in 3Q17

Turkey's Petkim Sees 169% Profit Rise in 3Q17

Petkim, Turkey's petrochemical raw material manufacturer experienced one of the best quarterly financial results of its history with a 169 percent rise in its net profit to 372 million Turkish liras in the third quarter of 2017, Petkim announced on Friday

OPEC Decreases Oil Output in October

OPEC Decreases Oil Output in October

OPEC's crude oil production decreased by 151 thousand barrels per day (b/d) to 32.59 million b/d in October, according to the organization's report on Monday. In October, output in non-OPEC countries increased to 64.12 million barrels per day (mb/d), up by 680 thousand b/d from September levels