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Turkey Sends Yavuz Vessel for Oil Exploration in E. Med.

Πεμ, 20 Ιουνίου 2019 - 20:31

Turkey sent a second drilling vessel, Yavuz, to east Mediterranean Sea on Thursday that will begin hydrocarbon explorations off the coast of the Cyprus Island in early July.

Egypt to Pay $500M to Israel Over Gas Cuts

Τρι, 18 Ιουνίου 2019 - 20:07

Egypt has signed a $500-million settlement agreement with state-owned Israel Electric Corporation over the suspension of natural gas deliveries to Israel.

SOCAR Turkey Finalizes Acquisition of EWE Turkey

Τρι, 18 Ιουνίου 2019 - 20:03

SOCAR Turkey completed the takeover of EWE Turkey Holding's subsidiaries Bursagaz, Kayserigaz, Enervis, EWE Enerji and Millenicom, according to a statement from the company on late Monday. Germany centered EWE Turkey Holding has been operating in Turkey since 2007 and is the fourth biggest natural gas supplier in Turkey.

Romania Mulls Carbon Price Compensation Scheme

Παρ, 14 Ιουνίου 2019 - 20:27

The Romanian government is considering introducing a scheme for offsetting the cost of the EU Emission Trading System (EU ETS), but details have not yet been announced, local media reported.

US Again Leads World in Oil Production, Consumption

Παρ, 14 Ιουνίου 2019 - 20:18

The U.S. led the world once again in oil production and consumption during the year of 2018, according to data compiled by Anadolu Agency on British energy giant BP's Statistical Review of World Energy 2019 report.

Dubai Port Operator with Interest in Bulgarian Ports

Πεμ, 13 Ιουνίου 2019 - 21:06

One of the largest port operators in the world - Dubai Port World - has shown interest in investing in Bulgarian ports and in creating high-tech logistics centers in different cities in the country.

Global Oil Supply Falls in May 2019

Πεμ, 13 Ιουνίου 2019 - 20:56

In May 2019, OPEC crude oil production have decreased by 236 thousand barrel per day (tb/d), month on month (m-o-m) to average 29.88 million barrels per day (mb/d), according to secondary sources, the Organization of the Petroleum Exporting Countries (OPEC) said on Thursday.

EU Will Help Turkey to Build High-Speed Railway To Bulgarian Border

Τετ, 12 Ιουνίου 2019 - 18:49

Turkey and the European Union will sign an agreement to build a section of the high-speed railway line between the border with Bulgaria and Istanbul.

Tariffs on Lithium-Ion Batteries Loom Over US Storage

Τετ, 12 Ιουνίου 2019 - 18:40

The U.S. Energy Storage Association announced on Tuesday its "deep concern" that tariffs on Chinese lithium-ion batteries and related equipment would have an immediate and adverse effect on grid energy storage deployments in the U.S.

Russia's Oil Export Revenues Decrease 0.6% in 4 Months

Τρι, 11 Ιουνίου 2019 - 20:23

Russia's oil export revenues decreased by 0.6% in the first four months of this year compared to the same period of the previous year, while natural gas export revenues increased by 2.2% in the same period, according to the data of the Russian Federal Customs Service on Tuesday.

Turkey's Drilling Activities in Mediterranean to Continue

Τρι, 11 Ιουνίου 2019 - 20:19

The drilling activities in Eastern Mediterranean Sea region will continue and legal and political measures were taken with the relevant ministries for preventing third party interference that ignores Turkey's international sovereignty, the Turkish energy and natural resources minister said on Tuesday.