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Bulgartransgaz Signs 34 Mln Euro Gas Pipeline Deal With Canada-Led Tie-Up

Bulgartransgaz Signs 34 Mln Euro Gas Pipeline Deal With Canada-Led Tie-Up

Bulgaria's gas transmission network operator Bulgartransgaz said on Friday that it has signed on October 25 a 67.2 million levs ($37.9 million/34.4 million euro) deal for replacing several gas pipeline sections with a Canadian-Bulgarian tie-up

Oil Down With Chinas Retaliatory Stance Against US

Oil Down With China's Retaliatory Stance Against US

Crude oil prices were down at trade opening on Friday due to China's strong stance taken against the U.S. in its talks of fighting back, and which resulted in the souring of trade tensions between the two countries

Chinas Coal Capacity Soars Despite Climate Vow: Report

China's Coal Capacity Soars Despite Climate Vow: Report

China's greater electricity generation from coal-fired power plants surpassed coal plant closures in the rest of the world over an 18-month period, despite Beijing's promises to curb emissions because of climate change

Turkeys Daily Power Consumption Up 3.24% on Nov. 19

Turkey's Daily Power Consumption Up 3.24% on Nov. 19

Turkey's daily electricity consumption increased by 3.24% to 797,692 megawatt-hours on Tuesday, according to official figures of Turkish Electricity Transmission Corporation (TEIAS) on Wednesday.

Saudi Aramcos Income Higher Than 9 Oil Majors Combined

Saudi Aramco's Income Higher Than 9 Oil Majors Combined

Saudi Aramco, which will see its initial public offering (IPO) next month in the Saudi stock exchange, posted a net income higher than nine oil majors' earnings combined both in 2018 and during the first half of 2019.

Spot Market Electricity Prices for Thursday, Nov. 21

Spot Market Electricity Prices for Thursday, Nov. 21

The highest electricity rate for one-megawatt hour in the day-ahead spot market for Thursday will be 336.01 Turkish liras at 17.00 and 18.00 local time, and the lowest will be 250 liras at 03.00 and 04.00 local time, according to official figures on Wednesday.

UN Chief Calls for Green, Clean Development in Africa

UN Chief Calls for Green, Clean Development in Africa

UN Secretary General on Wednesday called on African countries to "adopt a holistic approach to industrial policy," as well as clean and green strategies amid current climate crisis.

Turkeys Daily Power Consumption Rises 0.46% on Nov. 13

Turkey's Daily Power Consumption Rises 0.46% on Nov. 13

Turkey's daily electricity consumption increased by 0.46% to 782,206 megawatt-hours on Wednesday, according to official figures of Turkish Electricity Transmission Corporation (TEIAS) on Thursday.

Global Oil Production Up in October 2019

Global Oil Production Up in October 2019

Global oil supply in October increased in October by 1.67 million barrels per day (mb/d) month on month (m-o-m) to average 99.34 mb/d, the Organization of Petroleum Exporting Countries (OPEC) said in its report on Thursday.

Siemens Gamesa to Supply 300 MW Turbine Plant in Taiwan

Siemens Gamesa to Supply 300 MW Turbine Plant in Taiwan

Siemens Gamesa Renewable Energy (SGRE) and Hai Long Offshore Wind (Hai Long) signed a preferred supplier agreement for the delivery and servicing of turbines on the 300-megawatt Hai Long 2 offshore wind power project, located approximately 50 kilometers off the coast of Changhua County, according to the company's announcement on Tuesday.

Saudis to Extract Oil Until Last Molecule: Energy Min.

Saudis to Extract Oil Until Last Molecule: Energy Min.

Saudi Arabia intends to use its rich oil resources while searching for new areas to use its energy sources, according to its Energy Minister Prince Abdul Aziz bin Salman on Tuesday.

Turkey, Denmark Work Closely for Offshore Wind Growth

Turkey, Denmark Work Closely for Offshore Wind Growth

The collaboration between Turkey and Denmark for offshore wind development will help Turkey in its preparations for its first offshore wind power plant, Energy Sector Counselor of the Royal Danish Embassy in Ankara told Anadolu Agency on Wednesday.

Saudi Aramco to Sell 0.5% in IPO to Retail Investors

Saudi Aramco to Sell 0.5% in IPO to Retail Investors

Saudi Arabia's crown jewel Aramco said it will sell 0.5% of its shares to retail investors in the much-awaited initial public offering (IPO) scheduled for December, which is anticipated to make the company the world's most valuable.

Iran Finds New Oilfield of Massive Size

Iran Finds New Oilfield of Massive Size

Iranian President Hassan Rouhani on Sunday said a new big oilfield has been discovered in Khuzestan province in southwestern Iran. "We have discovered a new big oilfield with 53 billion barrels of reserves," Rouhani said in a speech cited by the official IRNA news agency.