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Turkish Oyak Reaches Initial Deal to Buy British Steel

Turkish Oyak Reaches Initial Deal to Buy British Steel

The pension fund of the Turkish Armed Forces has reached a preliminary agreement to acquire U.K.-based industrial giant British Steel, said a written statement on Friday.

Global Oil Supply Up in July 2019

Global Oil Supply Up in July 2019

Global oil supply increased in July by 0.23 million barrels per day (mb/d) month on month (m-o-m) to average 98.71 mb/d, the Organization of Petroleum Exporting Countries (OPEC) reported on Friday.

Security of Strait of Hormuz Red Line For Iran

'Security of Strait of Hormuz Red Line For Iran'

Stability and security of the Strait of Hormuz is Iran’s red line, Iranian First Vice-President Eshaq Jahangiri said on Monday, according to Iran's Young Journalists Club (YJC) news agency.

US Giant Manufacturer Is Interested in the Construction of the Belene NPP

US Giant Manufacturer Is Interested in the Construction of the Belene NPP

US turbine manufacturer General Electrichas applied to participate in the construction of the Belene Nuclear Power Plant, Bulgarian Energy Minister Temenuzhka Petkova said. By August 19, which is the deadline for receiving offers, she expects an offer from Russia's Rosatom, as well, BNR reported.

Climate Change Affecting Food Security: UN

Climate Change Affecting Food Security: UN

Climate change change is affecting availability, access, utilization and the stability of food security, the UN said Thursday in a report that shows its danger and effect on land.

Turkeys Electricity Import Bill Down Over 55% in 1H19

Turkey's Electricity Import Bill Down Over 55% in 1H19

Turkey's electricity import bill for the January-June period of 2019 decreased by 55.14% compared to the same period of 2018, according to Turkish Statistical Institute's (Turkstat) data.

Equinor Joins Wind Farm Development in Argentina

Equinor Joins Wind Farm Development in Argentina

Norwegian multinational energy firm Equinor joins YPF Luz for the development of a wind farm in Santa Cruz in Argentina, Equinor announced in a statement on Tuesday.

Turkeys Naturel Energy Co. Goes Public

Turkey's Naturel Energy Co. Goes Public

Naturel Energy Co. became Turkey's first solar energy company to go public on Monday with a value of around 70 million Turkish liras.

BP, Reliance Take On Indias Fuel and Aviation Business

BP, Reliance Take On India's Fuel and Aviation Business

BP and Indian conglomerate Reliance Industries Limited will form a joint venture to develop a fuel service station network and aviation fuels business in India, BP said on Tuesday.

Yavuz Drilling Vessel Starts Operations in East Med.

Yavuz Drilling Vessel Starts Operations in East Med.

The 6th generation ultra-deepwater drillship, Yavuz, has started its operations at the Karpaz-1 well located in the Bay of Gazimagusa, also known as Famagusta, in the Turkish Republic of Northern Cyprus (TRNC).

German RWE Closing Down Aberthaw Coal Plant in Wales

German RWE Closing Down Aberthaw Coal Plant in Wales

German electric utilities company RWE announced the closure of its 1,560-megawatt coal-fired power plant in Wales on Thursday after emission-saving measures were insufficient to keep the plant afloat.

Force Majeure Declared on Libyas Sharara

Force Majeure Declared on Libya's Sharara

Libya's National Oil Corporation (NOC) declared force majeure on the country's largest oil field Sharara after halting crude oil loadings at Al-Zawiya port on Tuesday.