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Saudi Aramco Prepares for $2T IPO in Tadawul on Dec. 11

Saudi Aramco Prepares for $2T IPO in Tadawul on Dec. 11

Δευ, 4 Νοεμβρίου 2019 - 20:04

After three years of delays and uncertainties, Saudi Arabia's crown jewel, Aramco, finally received regulatory approval on Sunday for its scheduled listing on Dec. 11 in the Saudi stock exchange Tadawul, potentially the world's biggest initial public offering (IPO).

Exxonmobil Net Income, Revenue Down in Third Quarter

Exxonmobil Net Income, Revenue Down in Third Quarter

Παρ, 1 Νοεμβρίου 2019 - 20:37

ExxonMobil saw its net income and revenue decline in the third quarter of 2019 due to low oil prices and high growth related expenses, according to the financial results statement released by the company on Friday.

Turkey Has 70 GW of Offshore Wind Potential: World Bank

Turkey Has 70 GW of Offshore Wind Potential: World Bank

Παρ, 1 Νοεμβρίου 2019 - 20:35

Turkey has nearly 70 gigawatts (GW) of technical potential for offshore wind, according to a new World Bank Group report, Going Global: Expanding Offshore Wind in Emerging Markets, released Thursday.

SOCAR AQS Completes Well Drilling in Bulla-Deniz Field

SOCAR AQS Completes Well Drilling in Bulla-Deniz Field

Παρ, 1 Νοεμβρίου 2019 - 20:33

SOCAR AQS, an integrated drilling and well services management company in Azerbaijan, successfully completed well drilling in the Bulla-Deniz field located in the Caspian Sea on behalf of Azneft Production Unit, the company announced on Friday.

BPs Third-Quarter Profits Fall 41%

BP's Third-Quarter Profits Fall 41%

Τετ, 30 Οκτωβρίου 2019 - 20:28

BP's profit for the third quarter of 2019 amounted to $2.3 billion, down from $3.8 billion a year earlier due to lower upstream earnings from weaker oil prices, and maintenance and climate impacts, the company announced on Tuesday.

Turkey Needs to Focus on Gas Production Projects

Turkey Needs to Focus on Gas Production Projects

Τετ, 30 Οκτωβρίου 2019 - 20:23

Turkey needs to focus on gas exploration and production in international projects from the second half of 2020, the Chair of the Institute for Energy Markets and Policies (EPPEN) Volkan Ozdemir said on Wednesday.

Nordex Aims to Empower Women in Turkeys Wind Sector

Nordex Aims to Empower Women in Turkey's Wind Sector

Δευ, 28 Οκτωβρίου 2019 - 18:52

German wind turbine manufacturer Nordex’s Turkey branch, Nordex Enerji AS, in partnership with Turkish Women in Renewable and Energy Network (TWRE), aims to enhance Turkish young women’s participation in the wind energy sector through a new training program.

IMF Revises Down Middle Eastern Oil Exporters Growth

IMF Revises Down Middle Eastern Oil Exporters' Growth

Δευ, 28 Οκτωβρίου 2019 - 18:10

The economic growth forecast for oil exporting countries in the Middle East has been revised down for 2019, the International Monetary Fund (IMF) said Monday in its report titled Regional Economic Outlook:

Bank Funding of € 200 Million Provided for Balkan Stream

Bank Funding of € 200 Million Provided for Balkan Stream

Πεμ, 24 Οκτωβρίου 2019 - 20:06

Bank financing was provided for the construction of Balkan Streamin the form of a secured loan of EUR 200 million. This was reported by Bulgartransgaz. The system operator announced that it had successfully completed the loan procedure, BTA reported.

SE Europe: Vulnerable After Russian Gas Transit Expiry

SE Europe: Vulnerable After Russian Gas Transit Expiry

Τρι, 22 Οκτωβρίου 2019 - 09:21

South East Europe's natural gas market will be vulnerable to supply deficits when Russian gas transit through Ukraine ends in December 2020, according to James Henderson, director of the Natural Gas Program at Oxford Institute for Energy Studies on Monday.

Turkey Set to be Among Europes Top 5 Renewable Leaders

Turkey Set to be Among Europe's Top 5 Renewable Leaders

Τρι, 22 Οκτωβρίου 2019 - 09:12

Turkey is on its way to being among Europe's five biggest renewable energy countries, with a 50% renewable energy installed capacity growth set to reach 63 gigawatts (GW) by 2024, according to a new report released by International Energy Agency (IEA) on Monday.

Valeuras Turkey Activities Unaffected by Syria Operation

Valeura's Turkey Activities Unaffected by Syria Operation

Πεμ, 17 Οκτωβρίου 2019 - 16:11

Valeura Energy, which focuses on producing natural gas in Turkey's northwest Thrace basin, remains unaffected by Turkey's recent operation in northern Syria, the Canadian-based energy company announced in a statement on Thursday.

Oil Demand to Fall in Early 2020 Before Recovery: Report

Oil Demand to Fall in Early 2020 Before Recovery: Report

Πεμ, 17 Οκτωβρίου 2019 - 15:30

Global crude oil demand is expected to decline in early 2020 before recovering throughout the year, according to a report by the London-based independent economic research company Capital Economics released on Wednesday.