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World Falls Short of Sustainable Energy Goals for 2030

Δευ, 27 Μαΐου 2019 - 20:26

The world is falling short of the United Nations Sustainable Development Goals (SGD) for 2030 when 2.2 billion people are estimated to be without access to clean cooking while 650 million will live in the dark, despite more people worldwide having greater access to power than before, according to a new report released Wednesday.

Turkey's Crude Oil Imports up 87.22% in March 2019

Δευ, 27 Μαΐου 2019 - 20:20

Turkey's crude oil imports increased by 87.22% to 2.5 million tonnes in March 2019 compared to the same month of 2018, according to a report released by the country's energy watchdog on Monday.

Shell Starts Output At Appomattox in Gulf of Mexico

Παρ, 24 Μαΐου 2019 - 19:43

Royal Dutch Shell Plc., through its subsidiary Shell Offshore Inc. (Shell), announced Thursday that production started at the Shell-operated Appomattox floating production system in the U.S.' Gulf of Mexico. Appomattox is a joint venture between Shell (79%, operator) and CNOOC Petroleum Offshore U.S.A. Inc., a subsidiary of China’s CNOOC Limited (21%).

Turkey to Form Energy Fund for $2B Non-Performing Loans

Πεμ, 23 Μαΐου 2019 - 19:55

Banks in Turkey are currently working on an Energy Venture Capital Fund as a method of refinancing non-performing loans up to US$2 billion, Garanti Bank's Executive Vice President told Anadolu Agency on Thursday. The fund will see the financial transfer of four to five natural gas and hydropower plants with 1,500-2,000 megawatts of capacity.

Saudi Aramco Signs Deal to Buy LNG From US' Sempra

Πεμ, 23 Μαΐου 2019 - 19:50

Saudi Aramco and Sempra Energy announced Wednesday that their respective subsidiaries, Sempra LNG and Aramco Services Company, signed a heads of agreement (HOA) for the sale of LNG offtake from Sempra's Port Arthur LNG project in North America, as well as a 25% equity investment in Phase 1 of the project.

Turkish Akfen Starts Power Generation at Ucpinar Plant

Τρι, 21 Μαΐου 2019 - 20:43

Turkey's Akfen Renewable Energy started electricity generation at the 51 megawatts (MW) first phase of the Ucpinar wind energy plant located in Canakkale province in the Marmara Region, a statement from the company said Saturday.

UK Youth to Design Future of EV Charging Stations

Τρι, 21 Μαΐου 2019 - 20:39

The U.K. government on Tuesday launched a competition for 7 to 19 year olds to design the country's next generation electric vehicle charge points. The "Eco Innovators" competition calls on students to submit creative designs for public electric vehicle charge points, a crucial part of the U.K.'s plans for cleaner transportation.

Norway's Petroleum Sales Decrease in April

Δευ, 20 Μαΐου 2019 - 21:04

Norway's total sales of petroleum products retreated to 610 million liters in April 2019, a 7.9% drop compared to the same period last year, according to Statistics Norway on Monday.

Local & Renewables Form 82% of Turkey's Power on May 19

Δευ, 20 Μαΐου 2019 - 21:01

Turkey produced 82% of its electricity from domestic and renewables resources on Sunday, May 19, according to statistics from Turkey's Energy and Natural Resources Ministry.

Uzbekistan to Invest $33 Billion in Oil And Gas Sector

Παρ, 17 Μαΐου 2019 - 20:21

The government of Uzbekistan will invest $33 billion in the oil and natural gas sector by 2025, the country's state oil and gas company announced Friday. The government will actualize that more than 30 investment projects with the $33 billion investment in the oil and gas sector between 2019-2025, according to the statement from Uzbekneftegaz.

TAP Over 87% Complete on 3rd Construction Anniversary

Παρ, 17 Μαΐου 2019 - 20:18

The Trans Adriatic Pipeline, the last section of the $40-billion, 3,500-kilometer-long Southern Gas Corridor, is now over 87% complete on the third anniversary of its construction start, a statement from the TAP AG company said on Friday. The construction of the project started on May 17, 2016, and first deliveries to Europe are planned for 2020.