Oil Price to be Low if OPEC Cuts Fail in 2019: JPMorgan

Oil Price to be Low if OPEC Cuts Fail in 2019: JPMorgan

Crude oil prices could decline further and remain low if OPEC members fail to maintain curbs in total production in 2019, American investment bank and financial services firm, J.P. Morgan, said Wednesday.

Enel Brings Online 620 MW of New Wind Capacity in US

Enel Brings Online 620 MW of New Wind Capacity in US

Enel, through its U.S. renewable company Enel Green Power North America, Inc. (EGPNA), started operations of two wind farms in the U.S. with a total capacity of around 620 megawatts (MW), the Italian energy company announced Thursday.

East Mediterranean Gas not a Game Changer: IEA's Birol

East Mediterranean Gas not a Game Changer: IEA's Birol

Natural gas resources in eastern Mediterranean region are unlikely to be a game changer given the rising supply in the global gas market, Fatih Birol, the executive director of the International Energy Agency (IEA) told Anadolu Agency on Friday.

US Energy Expenditures Decline for Fifth Year: EIA

US Energy Expenditures Decline for Fifth Year: EIA

Energy expenditures in the U.S. declined in 2016 for the fifth consecutive year, the country's Energy Information Administration (EIA) said in a statement on Wednesday.

Turkey's Crude Oil Imports Down by 11.2 Percent in Oct.

Turkey's Crude Oil Imports Down by 11.2 Percent in Oct.

Turkey's crude oil imports decreased by 11.2 percent to 2 million tonnes in October 2018 compared to the same month last year, according to a report released by the country's energy watchdog on Thursday.

SOCAR, BP Consider Forming Petrochem Facility in Turkey

SOCAR, BP Consider Forming Petrochem Facility in Turkey

BP and SOCAR have signed a heads of agreement (HoA) to evaluate the formation of a joint venture to build and operate a world-scale petrochemicals complex in Turkey, both companies announced in a shared statement on Thursday.

Total to Open Research, Innovation Center in Paris

Total to Open Research, Innovation Center in Paris

Total is planning to open a new research and innovation center at the heart of Ecole Polytechnique cluster at Paris-Saclay, according to a press release issued by the energy giant on Tuesday. Chairman and CEO Patrick Pouyanne made the announcement during his visit to the Ecole Polytechnique cluster to inaugurate the Ile-de-France Photovoltaic Institute (IPVF), the statement read.

Highlights of Turkish Energy Market in 2018

Highlights of Turkish Energy Market in 2018

The developments in the Trans Anatolian Natural Gas Pipeline (TANAP) project, TurkStream Natural Gas Pipeline project, the opening of new Turkey's biggest oil refinery, STAR, marked the top news stories in Turkey's energy sector in 2018.

Over 680 GW of Wind Power to Come Online in Next Decade

Over 680 GW of Wind Power to Come Online in Next Decade

More than 680 gigawatts (GW) of new wind power capacity will come online globally over the next 10 years, according to recent research by Wood Mackenzie Power & Renewables.

Bulgaria Likely Option for Turkstream 2nd Route

Bulgaria Likely Option for Turkstream 2nd Route

Turkey will transform from an end user to an intermediate user with the commissioning of the second line of the TurkStream natural gas project, while eliminating transit risks through Ukraine, Volkan Ozdemir, head of the Ankara-based Institute for Energy Markets and Policies (EPPEN), said in an exclusive interview with Anadolu Agency.

Russia Ready for Competition in Turkey With Cheap Gas

Russia Ready for Competition in Turkey With Cheap Gas

Russia is up for competition with other suppliers for Turkey's gas and from alternative LNG sources in the region, Konstantin Simonov, director of Russia National Energy Security Fund said in an exclusive interview with Anadolu Agency.

Siemens Gamesa, Enel Russia Sign 201 MW Wind Deal

Siemens Gamesa, Enel Russia Sign 201 MW Wind Deal

Siemens Gamesa Renewable Energy (SGRE) has secured a second order in Russia from Enel Russia, one of the country's independent power producers (IPP), for the supply of wind turbines of 201 megawatts (MW) in capacity, SGRE announced in a statement late Tuesday.

Investors Urge Governments to Act on Climate Change

Investors Urge Governments to Act on Climate Change

A total of 415 global institutional investing firms that represent over $32 trillion in assets issued a statement on Monday urging world governments to lower carbon emissions and take action against climate change.

Turkey's Electricity Consumption Down 2.2% in Nov.

Turkey's Electricity Consumption Down 2.2% in Nov.

Turkey's electricity consumption decreased by 2.2 percent in November compared to the same month last year, according to Turkey's Energy and Natural Resources Ministry on Monday. The country's power consumption was 23.33 billion kilowatt-hours in November.