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World's Largest LNG-Powered Container Ship Calls at Singapore as Maritime Industry Tackles Climate Change

Oil Prices Down on Conclusive Signs in Strike in Norway

Crude oil prices saw limited decreases on Friday with positive signs of an agreement in the ongoing strike in Norway and the return of Libyan oil to the market

Lukoil, KazMunayGas Agree Al-Farabi Project in Caspian

Russian oil and gas company Lukoil and Kazakhstan's state-owned energy company KazMunayGas (KMG) signed an agreement on future obligations in the Al-Farabi project in the Kazakh sector of the Caspian Sea, the Russian company announced on Thursday

Turkey to Expand LNG Storage Capacity With 3rd FSRU

Turkey plans to expand its LNG storage capacity by adding a third Floating Storage Regasification Unit (FSRU) in Saros Bay, north of the Gallipoli Peninsula in northwestern Turkey by 2021, Turkey's Deputy Energy and Natural Resources Minister Alparslan Bayraktar announced on Thursday

World Energy Demand to Rise 0.9% Per Year to 2045: OPEC

Global primary energy demand will see an average growth rate of 0.9% per year, increasing from 289 million barrels of oil equivalent per day (mboe/d) in 2019 to 361 mboe/d in 2045, according to the Organization of the Petroleum Exporting Countries' (OPEC) World Oil Outlook 2045 published on Thursday

Prishtina to Introduce Modern Billing System for its District Heating System

A project worth USD 10 million will enable more than 12,000 district heating customers in Prishtina, Kosovo*, to pay bills according to consumption rather than the heating surface

US Energy Agency Revises Down Oil Price Forecast

The US Energy Information Administration (EIA) revised down global crude oil prices for 2020 and 2021, the EIA announced Wednesday

MOL Romania Invests $200 Mln Since 1995

The Romanian unit of Hungarian oil and gas group MOL said on Tuesday it invested some $200 million (170 million euro) in operations in Romania in the last 25 years

Chevron Seals Acquisition of Noble Energy

US oil and gas conglomerate Chevron has completed its acquisition of Noble Energy, which operates two gas fields off Israel’s coast, following approval by the Texas-based company’s shareholders

Turkey's Daily Power Consumption Down 1.6% on Oct. 1

Turkey's daily electricity consumption decreased by 1.6% on Thursday compared to the previous day to reach 821,730 megawatt-hours, according to official figures of Turkish Electricity Transmission Corporation (TEIAS) on Friday

OPEC: Uncertainties Continue to Affect Economic Recovery

Uncertainties and risks will continue to affect stability in the global oil market and the pace of economic recovery at a time of the ongoing battle against a COVID-19 resurgence and despite OPEC’s optimism, OPEC Secretary-General Mohammad Barkindo said on Thursday

Bulgaria's Oil Products, Electricity Output Fall in July - Table

Bulgaria's output of petroleum products declined to 444,000 tonnes in July, from 624,000 tonnes in the same month of last year, the National Statistical Institute (NSI) said on Wednesday

Siemens Gamesa to Supply 8 Wind Farms in Pakistan

Siemens Gamesa, s a global leader in the wind power industry, has secured a series of orders for eight new wind farms in Pakistan during the company’s 2020 fiscal year, totalling 410 MW