Vestas Enlarges Wind Share in Greece With 106 MW Order

Vestas Enlarges Wind Share in Greece With 106 MW Order

Vestas secured a 106-megawatt order for several wind farms in Greece, reinforcing the company's leading position in the market with more than 50 percent of market share, the Danish company announced Wednesday.

US Becomes Net Oil Exporter After 43 Years

US Becomes Net Oil Exporter After 43 Years

The U.S. last week became a net oil exporter for the first time after 43 years, according to data released by the country's Energy Information Administration (EIA) on Thursday.

Separate Energy Trade From Politics: Russian Expert

Separate Energy Trade From Politics: Russian Expert

The director of Russia National Energy Security Fund urged panel participants at the Turkey-Russia energy experts roundtable meeting in Istanbul Thursday to follow Russia's lead in separating energy trade, particularly in natural gas, from politics.

US' Coal Use in 2018 Expected to be Lowest in 39 Years

US' Coal Use in 2018 Expected to be Lowest in 39 Years

Coal consumption in the U.S. this year is expected to reach its lowest level of the past 39 years, according to the country's Energy Information Administration (EIA) on Wednesday. Total U.S. coal consumption this year is estimated to decline to 691 million short tons (MMst). If this level is realized for 2018, this will be the lowest coal consumption in the U.S. since 1979, the EIA said in a statement.

Emissions from Advanced Economies Set to Rise in 2018

Emissions from Advanced Economies Set to Rise in 2018

The world's advanced economies will see an uptick in their carbon dioxide emissions this year, bucking a five year-long decline, according to the International Energy Agency's statement on Tuesday. According to latest available energy data, energy-related CO2 emissions in North America, the European Union and other advanced economies in the Asia Pacific grew as higher oil and gas use more than offset declining coal consumption.

EBRD Supports Sustainable Energy in Jordan

EBRD Supports Sustainable Energy in Jordan

The European Bank for Reconstruction and Development (EBRD) will provide a $265 million loan to Jordan's National Electric Power Company (NEPCO) to support the country in boosting the role of renewables in its energy mix, the bank announced Tuesday.

Valeura Forecasts Vast Gas Find in Turkey's Thrace Basin

Valeura Forecasts Vast Gas Find in Turkey's Thrace Basin

The real potential for gas reserves in Turkey's Thrace Basin could be in the multi-trillion cubic feet level, according to Sean Guest, CEO of the Canadian energy company Valeura on Wednesday.

Crude Oil, Natural Gas Reserves in US Set New Records

Crude Oil, Natural Gas Reserves in US Set New Records

The U.S.' proven crude oil and natural gas reserves set new records in 2017, the country's Energy Information Administration (EIA) announced Thursday. Proved reserves of crude oil increased 19.5 percent from the end of 2016, to reach a record level of 39.2 billion barrels in 2017, the EIA said in a statement, adding this surpassed the previous peak level of 39 billion barrels set in 1970.

Japan Restarts Five Nuclear Power Reactors in 2018

Japan Restarts Five Nuclear Power Reactors in 2018

Japan restarted five nuclear reactors in 2018, after the suspension of its nuclear fleet in 2013 for mandatory safety checks and upgrades following the 2011 Fukushima accident, the U.S.' Energy Information Administration (EIA) said Wednesday.

Turkish Chairwoman to Lead Mediterranean Energy Assoc.

Turkish Chairwoman to Lead Mediterranean Energy Assoc.

The Turkish Energy Regulator voted on the presidency of the Mediterranean Energy Regulators, MEDREG on Thursday with the election of Gulefsan Demirbas, the head of the Strategy Development Department for the Turkish Energy Watchdog.

Orsted to Invest $30.2B in Green Energy by 2025

Orsted to Invest $30.2B in Green Energy by 2025

Orsted plans to invest DKK 200 billion ($30.25 billion) in green energy by 2025, and reach an installed offshore wind capacity of more than 30 gigawatts (GW) by 2030, CEO and President Henrik Poulsen said Wednesday.

Turkey's Power Generation Rises 2.39 Percent in Sept.

Turkey's Power Generation Rises 2.39 Percent in Sept.

Turkey's electricity production increased by 2.39 percent in September compared to the same month of 2017, according to the latest data revealed by the country's energy watchdog. Total production increased to approximately 24.49 million kilowatt-hours (kWh), from 23.92 million kWh in September 2017, Turkish Energy Market Regulatory Authority (EMRA) announced in its electricity market report for September 2018.

New US Gulf Projects Target Gas Production Rise

New US Gulf Projects Target Gas Production Rise

The implementation of new projects in the U.S.' Gulf of Mexico plans to raise natural gas production in the region where output declines have been seen over the past two decades, according to the Energy Information Administration (EIA) on Monday.

Israel-Europe Sub-Sea Gas Pipeline Gets Sign-Off

Israel-Europe Sub-Sea Gas Pipeline Gets Sign-Off

Israel, the Greek Cypriot administration, Greece and Italy have reached an agreement to lay an undersea gas pipeline from Israel to Italy, Israeli business daily Globes reported on Sunday.

Energy Efficiency Investment to Reach $770 bln. by 2040

Energy Efficiency Investment to Reach $770 bln. by 2040

Energy efficiency investments across the buildings, transport and industry sectors by 2040 are anticipated to reach around $770 billion compared to the $236 billion invested in 2017, the International Energy Agency (IEA) said in a recent report.