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OPEC Cuts Disrupt Planned Oil Projects Worldwide

Παρ, 13 Δεκεμβρίου 2019 - 19:51

Oil production cuts by the Organization of Petroleum Exporting Countries (OPEC) disrupts planned production programs and related oil service projects throughout the world, according to the CEO of Dateline Energy Services Ltd. in Nigeria

Croatia's INA Approves 4 Bln Kuna (538 Mln Euro) Rijeka Refinery Upgrade Project

Παρ, 13 Δεκεμβρίου 2019 - 19:47

Croatian oil and gas company INA [ZSE:INA] said its supervisory board has granted its prior agreement for a 4.0 billion kuna ($600 million/538 million euro) Rijeka refinery revamp project

Global Oil Production up in November 2019

Τετ, 11 Δεκεμβρίου 2019 - 18:43

Global oil supply increased in November by 0.41 million barrels per day (mb/d) month on month to average 99.78 mb/d, the Organization of Petroleum Exporting Countries (OPEC) said in its report on Wednesday

EBRD to Work on Environmental Action Plan in Izmir

Τετ, 11 Δεκεμβρίου 2019 - 18:40

The European Bank for Reconstruction and Development (EBRD) and the municipality of Izmir will work on an action plan to improve the urban environment and lives of 4.3 million people living in Turkey’s third-largest city, according to an EBRD press release on Wednesday

No Country on Path Compatible With Paris Climate Target

Τρι, 10 Δεκεμβρίου 2019 - 20:16

As the climate crisis accelerates and dramatically impacts human lives to the core in many ways, a great number of countries are not on a compatible path with Paris climate targets, according to the Climate Change Performance Index (CCPI) 2020 on Tuesday.

Countdown Begins for Turkstream Operation Start

Τρι, 10 Δεκεμβρίου 2019 - 20:13

Ahead of the opening ceremony to bring together Turkish and Russian presidents for the launch of the TurkStream Pipeline on Jan. 8, 2020, the countdown for the operation phase of the project started with the final touches being made for the project.

LNG is Vital Part of Turkey-US $100B Trade Volume Aim

Παρ, 6 Δεκεμβρίου 2019 - 20:44

Liquefied natural gas (LNG) trade between Turkey and the U.S. could contribute to achieve a trade volume of $100 billion, Defne Sadiklar Arslan, director of U.S.-based think tank Atlantic Council in Turkey told Anadolu Agency on Friday.

Aramco Earns Record $25B From IPO, Valuation Hits $1.7T

Παρ, 6 Δεκεμβρίου 2019 - 20:40

Saudi Aramco has earned a record amount of approximately $25 billion from its initial public offering (IPO), the Saudi Arabian national oil company said in a press release on Thursday.

OPEC, Allies to Lower Oil Output 500,000 Barrels More

Παρ, 6 Δεκεμβρίου 2019 - 20:38

OPEC and its allies agreed on Friday to lower their collective crude oil production by an additional 500,000 barrels per day (bpd) for the first quarter of 2020. The additional cuts to oil output will be implemented beginning Jan. 1, 2020 and will be added to the current production deal already in place.

US Crude Oil Inventories Decline for W/Ending Nov. 29

Πεμ, 5 Δεκεμβρίου 2019 - 20:10

U.S. crude oil inventories decreased much by more than the market expectation for the week ending Nov. 29, according to data released by the country's Energy Information Administration (EIA) on Wednesday.

Kozloduy NPP Will Be Supplied with Nuclear Fuel by 2025

Πεμ, 5 Δεκεμβρίου 2019 - 20:08

Russian nuclear fuelcycle company TVEL, which is part of Russian state corporationRosatomand Bulgaria’sKozloduy NPPhave signed a contract for the supply of Russian nuclear fuelto Bulgaria by 2025, TASS reported.

Turkstream to Boost Europe's Energy Security: Putin

Πεμ, 5 Δεκεμβρίου 2019 - 20:04

The TurkStream natural gas pipeline will strengthen security of both Europe and the Balkans, Russian President Vladimir Putin said on Wednesday. The installment of pipes on the Serbian territory will be completed in the coming weeks, Putin told a news conference in Sochi following a meeting with his Serbian counterpart Alexandar Vucic.