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Saudi Arabia Finds 'Large Quantities of Gas' in Red Sea

Saudi Arabia's minister of energy and mineral resources, Khalid Al Falih, confirmed the discovery of "large quantities of gas" in the Red Sea, the Saudi Press Agency (SPA) reported Thursday.

Rosatom in Search of Partners for 49% Stake in Akkuyu

Russia's state nuclear energy corporation Rosatom is in negotiations with both Turkish and foreign companies for a new partner to buy a 49 percent share in the Akkuyu Nuclear Power Plant, Anton Dedusenko, deputy chairman of Akkuyu Joint Stock Company (JSC), said Tuesday.

Exxonmobil Expects Earnings to Rise 140 Percent by 2025

ExxonMobil said it expects its annual earnings to increase by more than 140 percent by 2025, based on oil prices averaging $60 per barrel, according to a statement released on Wednesday.

Turkish Energy Exchange Net Income Up 18% in 2018

Turkish energy exchange EPIAS saw its net income increase year-on-year by around 18 percent in 2018, according to its financial results report released Wednesday.

Oman’s Gas Production to Surpass Oil by 2023: Rystad

Natural gas production in Oman is expected to surpass that of oil by 2023 due to the rising development of gas fields in the country, Norway-based independent energy research and consulting firm Rystad Energy said on Tuesday.

Decreased Transit of Russian Gas Through Bulgaria to Turkey

US Shale Output to Grow 15% in 2019 With 5% Lower Capex

Shale oil companies in the U.S. are expected to deliver 15 percent annual oil production growth while cutting their capital expenditure by 5 percent in 2019, according to Rystad Energy.

Turkey's Crude Oil Imports Up by 10.7% in December 2018

Turkey's crude oil imports increased by 10.7 percent to 2.1 million tonnes in December 2018 compared to the same month of 2017, according to a report released by the country's energy watchdog on Thursday.

Senvion Secures 1st Offshore Wind Farm in Mediterranean

German wind turbine manufacturer Senvion concluded a 30-megawatt (MW) contract with Italian renewable energy company Renexia for the first offshore wind farm in the Mediterranean Sea, Senvion announced Friday.

The Tender for the Bulgarian Part of the "Turkish Stream" is Fixed?

The tender for the design, pipe supplier and contractor of theBulgarian part of Turkish Stream, although formally not completed, has already had a clear winner.

UAE’s ADNOC to Explore Oil, Gas Opportunities in Korea

The Abu Dhabi National Oil Company (ADNOC) signed three framework agreements with South Korean energy companies to explore upstream exploration and production opportunities, potential downstream investments and bunkering opportunities for both crude oil and liquified natural gas (LNG), the company announced Tuesday.

Construction Launched on Flue-Gas Desulfurization Systems at Coal-Fired Power Plant TENT A

The construction of flue-gas desulfurization systems has begun at thermal power plant (TPP) Termoelektrana Nikola Tesla (TENT A) under a EUR 167 million project. The project will reduce the coal-fired power plant’ sulfur-dioxide (SO2) emissions ninefold, from around 74,000 tonnes to 7,747 tonnes annually.

Saudi Aramco to co-Build $10B Refinery in China

Saudi Aramco signed an agreement on Friday to form a joint venture with Chinese NORINCO Group and Panjin Sincen to develop a fully-integrated refining and petrochemical complex in the city of Panjin in the Liaoning province of China.