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Saudi Reforms to Wean Kingdom Away From Oil by 2020

Saudi Reforms to Wean Kingdom Away From Oil by 2020

Saudi Arabia's Deputy Crown Prince Mohammed bin Salman announced a sweeping reform plan on Monday that he said would transform the kingdom into a global investment power and wean the world's top oil exporter off crude by 2020

Socar Turkey Appoints New CEO

Socar Turkey Appoints New CEO

Azerbaijan's state-run oil company Socar appointed Zaur Gahramanov as the company's Chief Executive Officer (CEO) for Turkey, the company announced on Monday

3rd IENE International Seminar on Energy & Shipping Focused on Key Energy and Maritime Issues

3rd IENE International Seminar on Energy & Shipping Focused on Key Energy and Maritime Issues

A number of prominent speakers from the oil and gas sector, from the shipping sector, international and business studies and maritime law from Greece and abroad participated in the "3rd International Seminar - Energy & Shipping”, which was jointly organized by the Institute of Energy for SE Europe (IENE) and the University of Piraeus (Master in Energy: Strategy, Law & Economics), and took place in Athens (Eugenides Foundation Conference Centre, Faliron) on April 20, 2016

Oil Market, Prices to Return to Balance by 2017: IEA

Oil Market, Prices to Return to Balance by 2017: IEA

International Energy Agency (IEA) chief Fatih Birol said he expects the oil market to come back into balance from oversupply by next year, providing there is no major economic downturn

First TAP Pipes Arrive in Albania

First TAP Pipes Arrive in Albania

The Trans Adriatic Pipeline AG (TAP) announced the arrival of the first steel line pipes and machinery for the construction of the Albanian section of the pipeline. The occasion was marked by a ceremony in the Main Marshalling Yard of TAP, in the vicinity of Durrës

Delek Drilling, Avner in Merger Talks

Delek Drilling, Avner in Merger Talks

Delek Drilling and Avner Oil and Gas, gas exploration partnerships that are units of Delek Group Ltd. (TASE: DLEKG), controlled by Yitzhak Tshuva, notified the Tel Aviv Stock exchange on Friday that the general partners in the two companies had held discussions on a possible merger

Vattenfall Offloads German Lignite Mines to Czech Consortium

Vattenfall Offloads German Lignite Mines to Czech Consortium

Swedish energy group Vattenfall is planning to offload its lossmaking east German lignite mines to a Czech consortium, in a move aimed at cutting its carbon emissions and reducing its exposure to low European electricity and coal prices

Why Poland’s Love Affair With Coal Might Not Last Long

Why Poland’s Love Affair With Coal Might Not Last Long

When Poland’s Prime Minister Beata Szydlo swept into office in October 2015, she promised she would protect the coal industry’s 100,000 jobs. Now the PM, who happens to be a coal miner’s daughter, is under pressure to break this promise

Oil Prices Sharply Lower After Failed Doha Deal

Oil Prices Sharply Lower After Failed Doha Deal

Crude-oil prices on Monday fell but traded off the day’s lowest levels after key producers failed to agree on a production cap that could have tightened up supply

Oil Industry Knew of Climate Change in 1968

Oil Industry Knew of Climate Change in 1968

The oil industry knew about the climate change since 1968, the Center for International Environmental Law (CIEL) reported on April 13

Rosneft and Bashneft Are Ready for Privatization — Source

Rosneft and Bashneft Are Ready for Privatization — Source

Russian state-owned oil companies Rosneft and Bashneft are ready for privatization, at the same time it is important for the government to not only receive the money from the sale of these assets, but also to ensure the effective management of the companies, a high-ranking official familiar with the situation told TASS