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Support Mechanism Key to Turkey’s Renewables Growth

Support Mechanism Key to Turkey’s Renewables Growth

A well-designed support mechanism will be key to attracting more renewables investments in Turkey after the current scheme ends on June 30 next year, the European Bank for Reconstruction and Development (EBRD) deputy director for Turkey told Anadolu Agency in an interview

Exxonmobil Makes First Discovery Offshore Suriname

Exxonmobil Makes First Discovery Offshore Suriname

American energy giant ExxonMobil and Malaysian oil and gas company Petronas announced a new hydrocarbon discovery offshore Suriname, ExxonMobil said in a statement on Friday

OMV Petrom Outsources More Non-Core Services Amid Protests of Former Employees

OMV Petrom Outsources More Non-Core Services Amid Protests of Former Employees

Romania's Competition Council cleared the transactions by which local oil and gas group OMV Petrom outsources some general surface operations and services related to crude oil and natural gas extraction and production activities, together with related assets and employees

More Oil Needed to Meet Demand Through 2050

More Oil Needed to Meet Demand Through 2050

The world is on track to run out of sufficient oil supply to meet its needs through 2050, despite lower future demand due to the Covid-19 pandemic and the accelerating energy transition, unless exploration speeds up significantly, Norway-based independent research institution Rystad Energy said in a report on Wednesday

Green Recovery Could Cut 25% of Forecast 2030 Emissions

Green Recovery Could Cut 25% of Forecast 2030 Emissions

A green pandemic recovery could bring the world closer to meeting the 2°C goal of the Paris Agreement on climate change by cutting up to 25% of the predicted 2030 greenhouse gas emissions, a new UN Environment Program (UNEP) report finds on Wednesday

Eni Strikes Deals to Reopen Egypts Damietta LNG Plant

Eni Strikes Deals to Reopen Egypt's Damietta LNG Plant

Italian energy group Eni has struck deals with Spanish gas firm Naturgy and Egyptian partners to resolve disputes over a shuttered gas plant it part owns in northern Egypt

Denmark to End Oil and Gas Hunt in North Sea in 2050

Denmark to End Oil and Gas Hunt in North Sea in 2050

Denmark’s government on Thursday agreed with a majority in parliament to put and end to all oil and gas exploration and extraction in the North Sea by 2050 as well as cancel its latest licensing round

Turkey’s LNG Import Share Reaches 43% in 1H20

Turkey’s LNG Import Share Reaches 43% in 1H20

Turkey’s LNG import share of total gas imports increased from 27% in the first half of 2019 to 43% for the same period this year, Yunus Emre Icik, deputy head of Natural Gas Supply and Export Department at Turkey’s crude oil and natural gas pipeline trading company (BOTAS) said Thursday

OPEC+ to Continue to Make Timely Supply Changes: Fitch

OPEC+ to Continue to Make Timely Supply Changes: Fitch

OPEC+ will continue to make timely oil supply changes, which should reduce price volatility, even though demand is unlikely to fully recover by the year end, according to international rating agency Fitch Ratings on Tuesday

LNG Demand Rises 2% in 2020 Despite COVID-19

LNG Demand Rises 2% in 2020 Despite COVID-19

The demand for Liquefied Natural Gas (LNG) has grown by about 2% in 2020 compared to 2019 despite the negative impacts of COVID-19 on overall energy sector, experts said at a virtual meeting on Wednesday

ENEL CEO Francesco Starace Speaks at European Hydrogen Forum

ENEL CEO Francesco Starace Speaks at European Hydrogen Forum

On Thursday 26th of November, Enel Group CEO Francesco Starace spoke at the European Hydrogen Forum, a major event gathering industry leaders, policy-makers, government representatives as well as the research community with the aim to steer the potential for green hydrogen alongside discussing the latest developments in the field.