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IEA: Crude Production to Fall Behind Demand

IEA: Crude Production to Fall Behind Demand

The world’s production of crude oil is falling behind demand, the International Energy Agency said Thursday. From July through September, global production of crude oil is likely to lag behind demand by almost one million barrels a day, said the IEA, a Paris agency that monitors energy trends for oil-consuming nations. The current glut of crude is clearing out even as OPEC producers pump at record or near-record levels

How Will Solar Financing Be Affected by the Attempted Coup in Turkey?

How Will Solar Financing Be Affected by the Attempted Coup in Turkey?

An attempted coup in Turkey on Friday night made headlines worldwide and has left the country in political turmoil. The news came at the worst time for the domestic solar industry, which had been enjoying its best year so far. Will the uncertain political climate in Turkey that remains after the attempted coup affect solar progress in the country?

Vestas Secures 26 Megawatt Wind Order in Turkey

Vestas Secures 26 Megawatt Wind Order in Turkey

Danish renewable energy company Vestas secured a contract with Turkish energy company Elfa Electric Production to supply 26 megawatts for a wind farm to be located in Balikesir in eastern Turkey, the company announced on Wednesday

Gazprom Strikes Gas Deal With Slovakia

Gazprom Strikes Gas Deal With Slovakia

Gazprom will send some of the gas from its controversial Nord Stream 2 pipeline through Slovakia, the Russian state-controlled company said, in a move that may soften Slovak opposition to the project

«9th SE Europe Energy Dialogue» Successfully Concluded its High-Level Meeting in Thessaloniki

«9th SE Europe Energy Dialogue» Successfully Concluded its High-Level Meeting in Thessaloniki

The SE Europe Energy Dialogue, convened by the Institute of Energy for SE Europe (IENE), for the 9th year running, in Thessaloniki on June 29-30, proved once again a highly rewarding event and one of the highlights of the current regional energy agenda. This year’s intense two-day Energy Dialogue event attracted more than 75 delegates from 20 different countries from the region and beyond

Gazprom May Unfreeze South Stream Project Promptly — Official

Gazprom May Unfreeze South Stream Project Promptly — Official

Russia’s largest gas producer is ready to unfreeze the South Stream gas pipeline project within a short period of time in case the political environment changes, Gazprom Deputy Chairman of the Management Committee Andrey Kruglov said Wednesday

Every Banker in the World Is Chasing the Saudi Aramco Deal

Every Banker in the World Is Chasing the Saudi Aramco Deal

When news broke in January that Saudi Arabia was considering an initial public offering ofits state-owned oil company, the first reaction on Wall Street was shock. Then calls began pouring into Dubai -- the Middle East’s financial hub -- from senior bankers in London and New York

Energean Picks Up Montenegrin ‘Sweet Spot’

Energean Picks Up Montenegrin ‘Sweet Spot’

Greek explorer Energean Oil & Gas has reached an agreement with the Ministry of Economy of Montenegro upon Hydrocarbons Exploration and Production for offshore blocks 4219-26 and 4218-30

Israel, Turkey Restore Ties in Deal Spurred by Energy Prospects

Israel, Turkey Restore Ties in Deal Spurred by Energy Prospects

Israel and Turkey announced on Monday they would normalize ties after a six-year rupture, a rare rapprochement in the divided Middle East driven by the prospect of lucrative Mediterranean gas deals as well as mutual fears over growing security risks

Gazprom Open for Dialogue With Turkey on Turkish Stream Gas Pipeline Project

Gazprom Open for Dialogue With Turkey on Turkish Stream Gas Pipeline Project

Russia’s top gas producer Gazprom is ready for a dialogue on a potential resumption of the Turkish Stream gas pipeline project, the company’s official representative Sergey Kupriyanov told TASS Monday. "Gazprom is and has always been open for a dialogue on the Turkish Stream," he said when commenting reports on potential rebuilding of relations with Turkey

IENE’s «9th SE Europe Energy Dialogue» to Focus on the Quest for a New Energy Balance

IENE’s «9th SE Europe Energy Dialogue» to Focus on the Quest for a New Energy Balance

The "Quest for a New Energy Balance” is thespecial theme for this year’s SE EuropeEnergy Dialogue, which is convened by the Institute of Energy for SE Europe (IENE) and will be held in Thessalonikion June 29-30. The 9th SEEED will among other topics seek to explore the rebalancing now taking place in the global and regional energy markets and how it affects SE Europe

Putin, Juncker Discuss EU-Russia Energy Ties But Avoid Sanctions

Putin, Juncker Discuss EU-Russia Energy Ties But Avoid Sanctions

Russian President Vladimir Putin and European Commission President Jean-Claude Juncker have reportedly discussed the future of Russia-EU energy cooperation but did not address the issue of sanctions. The meeting took place on the margins of the St. Petersburg International Economic Forum (SPIEF) on June 16

Novatek Plans to Prepare Arctic LNG Feasibility Study by 2018 — CEO

Novatek Plans to Prepare Arctic LNG Feasibility Study by 2018 — CEO

Novatek plans to prepare the Arctic LNG plant feasibility study at 2017 year-end, Chief Executive Officer of the Russian gas producer Leonid Mikhelson said on Friday in an interview at the St. Petersburg International Economic Forum (SPIEF)