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EU to Tackle Climate Change

EU to Tackle Climate Change

In an effort to drive Europe’s transition to a modern and clean economy, the European Parliament and Council on December 14 reached a provisional agreement on a key legislative proposal for implementing the EU’s 2030 climate objectives – on accounting of emissions from land use, land use change and forestry (LULUCF)

Turkey: Company Startups Up 25 % in November from 2016

Turkey: Company Startups Up 25 % in November from 2016

Turkey saw a nearly 25 percent annual rise in the number of newly established companies in November, the Turkish Union of Chambers and Commodity Exchanges (TOBB) announced on Friday

Greece: Cosco Interested in Second Thriasio Tender

Greece: Cosco Interested in Second Thriasio Tender

The government and Greece’s creditors have agreed that the contract for the concession to the ETVA BIPE - Goldair consortium of a freight center on a 0.59-square kilometer plot at Thriasio, western Attica, owned by state railway property firm Gaiaose, will be approved in Parliament by next month

Petrobras, Exxonmobil Form Oil & Gas Alliance

Petrobras, Exxonmobil Form Oil & Gas Alliance

Brazilian energy firm Petrobras and ExxonMobil inked a memorandum of understanding in Rio de Janeiro on Thursday for a strategic alliance to jointly identify and evaluate potential business opportunities

Israel Awards Greek Energean 5 Offshore Exploration Licenses

Israel Awards Greek Energean 5 Offshore Exploration Licenses

The Israeli Petroleum Commissioner awarded Greek Energean Oil & Gas five offshore exploration licenses within the Israeli Exclusive Economic Zone (EEZ), the company announced on Wednesday. The awarded licenses comprise blocks 12, 21, 22, 23 and 31, which were offered in Israel's first offshore bid round on Nov. 15

EIA Revises up Oil Price Forecast for 2017, 2018

EIA Revises up Oil Price Forecast for 2017, 2018

Crude oil price expectations have been revised up for this year and the next, the U.S. Energy Information Administration (EIA) said Tuesday. International benchmark Brent crude is now estimated to average $54 a barrel in 2017 and $57 per barrel in 2018, the EIA said in its Short-Term Energy Outlook (STEO) for December

World Oil Supplies Sees Monthly Rise in November: IEA

World Oil Supplies Sees Monthly Rise in November: IEA

Global oil supply increased by 200 thousand barrels per day in November to 97.8 million barrels per day (mb/d) compared to the previous month, according to the International Energy Agency’s (IEA) Thursday report

63% of Bulgarians Approve Governments Willingness to Build Belene NPP

63% of Bulgarians Approve Government's Willingness to Build Belene NPP

63% of Bulgarians approve the government's willingness to build Belene NPP and 26% react negatively to the announcement. This shows the Gallup International research made among 800 people. According to the agency, there is a "traditional sympathy" for the Second Atomic Project

Turkey’s Simsek Warns: Beware of Bitcoin

Turkey’s Simsek Warns: Beware of Bitcoin

Turkey’s deputy prime minister on Wednesday warned investors against betting on cryptocurrencies such as bitcoin. “Bitcoin surpasses tulip mania, which was the biggest asset bubble in the history of finance,” Mehmet Simsek said on Twitter, referring to the 17th-century Dutch craze for tulips

US to Provide $18.5 Million Funding for Offshore Wind

US to Provide $18.5 Million Funding for Offshore Wind

The Department of Energy (DOE) new funding of $18.5 million will be used for an offshore wind research and development (R&D) consortium in the country, U.S. Secretary of Energy Rick Perry announced Tuesday

OPEC Lowers Oil Output in November

OPEC Lowers Oil Output in November

OPEC's crude oil production decreased by 133 thousand barrels per day (b/d) to 32.45 million b/d in November, according to the organization's Wednesday report. In November, output in non-OPEC countries rose to 57.82 million barrels per day (mb/d), an increase of 810 thousand b/d from October

Over 22 Million Cars, Trucks on Turkish Roads

Over 22 Million Cars, Trucks on Turkish Roads

The number of vehicles registered on the roads in Turkey surpassed 22 million in October 2017, according to the country's statistics authority on Tuesday. In October, a total of 110,743 vehicles were registered, including both old and new models, Turkish Statistical Institute's (TurkStat) data showed

Russia, Egypt Sign Contracts for Dabaa Nuke Plant

Russia, Egypt Sign Contracts for Dabaa Nuke Plant

Russia’s Rosatom State Atomic Energy Corporation and Egypt’s Ministry of Electricity and Renewable Energy have signed the notices to proceed with the contracts for the construction of the El Dabaa nuclear power plant (NPP). The signing ceremony was held in the presence of the President of the Russian Federation Vladimir Putin and the President of the Arab Republic of Egypt Abdel Fattah El Sisi

One Planet Summit to Boost Climate Action

One Planet Summit to Boost Climate Action

French President Emmanuel Macron, World Bank Group President Jim Yong Kim, and UN Secretary-General António Guterres today will address the ecological emergency for our planet by calling together in Paris international leaders and committed citizens from around the world, according to One Planet Summit. European Commission Vice President for Energy Union Maroš Šefčovičwill also attend the summit