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Saudi Aramco’s Switch to New Oil Benchmark

Saudi Aramco’s Switch to New Oil Benchmark

Τετ, 7 Νοεμβρίου 2018 - 18:45

Saudi Aramco has recently announced the company’s plan to change its pricing formula that was used for long-term crude oil sales, which will come into effect as of October 2018

Saudi Prince Launches Countrys 1st Nuke Plant Project

Saudi Prince Launches Country's 1st Nuke Plant Project

Τρι, 6 Νοεμβρίου 2018 - 16:58

Saudi Arabia's crown prince set in motion seven major energy projects, one of which is to build the kingdom’s first nuclear research reactor, according to the Saudi Press Agency’s report late Monday

Russia to Boost Annual Gas Supply Volumes to Austria

Russia to Boost Annual Gas Supply Volumes to Austria

Τρι, 6 Νοεμβρίου 2018 - 16:54

Russian Gazprom and Austrian OMW signed a contract to increase the supply of Russian gas by 1 billion cubic meters (bcm) per year, the Russian company announced Monday

Turkeys Energy Import Bill up 15.5 Percent in Sept.

Turkey's Energy Import Bill up 15.5 Percent in Sept.

Τετ, 31 Οκτωβρίου 2018 - 19:56

Turkey's energy import bill increased by 15.5 percent to nearly $3.6 billion in September from nearly $3.1 billion for the same month last year, according to data released by the Turkish Statistical Institute on Wednesday

US Signals Iran Oil Sanctions Waivers Possible

US Signals Iran Oil Sanctions Waivers Possible

Τετ, 31 Οκτωβρίου 2018 - 19:54

The U.S. said Tuesday it is considering sanctions "exemptions" for countries that have majorly cut their dependence on Iranian oil ahead of a key deadline next week

Russia Seeks to Triple its Share in Global LNG Market

Russia Seeks to Triple its Share in Global LNG Market

Παρ, 26 Οκτωβρίου 2018 - 17:31

Russia aims to increase its share in the global liquified natural gas (LNG) market to almost 20 percent within 15 years, Prime Minister Dmitry Medvedev said Thursday according to local media

Turkey, Germany Agree to Develop Energy Projects

Turkey, Germany Agree to Develop Energy Projects

Παρ, 26 Οκτωβρίου 2018 - 17:27

Turkish and Germany energy ministers on Friday signed a letter of intent to develop energy projects. The document was signed at the Turkish-German Energy Forum held in Turkish capital Ankara

Upstream Players Must Spend More to Meet Future Demand

Upstream Players Must Spend More to Meet Future Demand

Τετ, 24 Οκτωβρίου 2018 - 19:48

Global oil and gas development expenditure needs to increase by around 20 percent to meet future demand growth to ensure companies sustain production over the next decade, Wood Mackenzie said Wednesday

BOTAŞ is Expected to Reduce Power Plant’s Tariff

BOTAŞ is Expected to Reduce Power Plant’s Tariff

Τετ, 24 Οκτωβρίου 2018 - 19:44

After the significant decline in the dollar exchange rate, the difference between the BOTAŞ’s current industrial tariff and the reference price in the market fell below 15%. However, there is still a subsidy of more than 50% in the residential tariff

Enel Starts Build of S. Americas Largest PV Plant

Enel Starts Build of S. America's Largest PV Plant

Τρι, 23 Οκτωβρίου 2018 - 14:40

The Enel Group's Brazilian renewable energy subsidiary Enel Green Power Brasil Participacoes Ltda. (EGPB) started construction of a 475-megawatt solar park in northeastern Brazil, the Italian energy group announced Monday

Economic Relations With Turkey Vital for Germany: Amb.

Economic Relations With Turkey Vital for Germany: Amb.

Τρι, 23 Οκτωβρίου 2018 - 14:38

Turkey holds great economic importance for Germany through bilateral trade and as a production base, German Ambassador to Turkey Martin Erdmann told Anadolu Agency on Monday

Aker BPs Earnings Increase by More Than 150% in 3Q18

Aker BP's Earnings Increase by More Than 150% in 3Q18

Παρ, 19 Οκτωβρίου 2018 - 20:03

Aker BP’s third-quarter operating profit increased by 150.2 percent in the third quarter of 2018, compared to the same quarter of 2017, helped by the oil price increases, the Norwegian oil firm said on Friday