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Spot market natural gas prices for Tuesday, Nov. 19
- 1,000 cubic meters of natural gas in spot market costs 1,411 Turkish liras on Tuesday
Spot market electricity prices for Thursday, Nov. 21
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 129.60 million Turkish liras
Turkey's daily power consumption up 3.24% on Nov. 19
- Turkey's electricity exports amount to 8,564 megawatt-hours, while imports reach 8,546 megawatt-hours
Global number of electric cars hits 5 mln. in 2018: IEA
- Electric car sales up by 2 million in 2018, according to International Energy Agency
Global oil production up in October
- OPEC crude oil production reaches 29.9 million barrels per day but forecast for 2020 will see fall in demand
Global oil production up in October 2019
- In October, OPEC crude oil output shows increase of 943 thousand barrels per day to average 29.65 million barrels per day
Siemens Gamesa to supply 300 MW turbine plant in Taiwan
- Siemens Gamesa appoints preferred supplier for provision of turbines and service for offshore project in Taiwan
SOCAR AQS becomes Global Reporting Initiative member
- With Global Reporting Initiative Community membership, SOCAR AQS will apply high standards for transparency and reporting
Africa's influence in energy sector growing, IEA report
- 600 million people in Africa do not have access to electricity and 900 million lack access to clean cooking facilities
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Oil industry needs $10.6 trillion investment up to 2040
- Upstream sector requires $8.1 trillion, while downstream and midstream need $1.4 trillion and $1 trillion between 2018-2040
Global primary energy demand sees 2.3% rise in 2018
- Energy intensity improvement is slowest since 2010, slowdown represents a lost opportunity, Int. Energy Agency report says
Spot market electricity prices for Monday, Nov. 4
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 113.82 million Turkish liras
Spot market natural gas prices for Saturday, Nov. 2
- 1,000 cubic meters of natural gas in spot market costs 1,418 Turkish liras on Saturday
Turkey's daily power consumption down 6.40% on Nov. 2
- Turkey's electricity exports total 7,756 megawatt-hours while imports amount to 11,964 megawatt-hours on Saturday
SOCAR AQS completes well drilling in Bulla-Deniz field
- Bulla-Deniz field is one of the most challenging high pressure fields in the world
Turkey, Russia energy experts meeting to open in Istanbul
- Anadolu Agency, in cooperation with Russian TASS news agency, is hosting Wednesday's meeting to discuss natural gas
Multi million dollar investment for Turkey's gas storage
- SOCAR AQS will dig 40 wells to expand storage capacity of Salt Lake Natural Gas Storage Facility
Solar PV market set for growth over next 5 years: IEA
- Distributed solar PV to be key part of 50% increase in global renewable power capacity, according to IEA's report
Azerbaijan’s SOCAR AQS opens office in Turkish Capital
- SOCAR AQS to dig 40 wells to expand capacity of Salt Lake Natural Gas Storage Facility in Turkey
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AA energy desk to host Turkey's Wind Energy Assoc. head
- Turkish wind energy sector developments, regulations, and future plans will be up for discussion
Global oil production falls in September 2019
- OPEC crude oil production decreases by 1,318 million barrels per day to average 28.49 million, OPEC report says
US crude oil production breaks new record high
- Crude output reaches all-time high of 12.6 million barrels a day
Oil shale has dominant role in Estonia’s energy mix: IEA
- Using domestic sources provides Estonia, energy independence, but it also gives Estonia carbon intensity
Chevron sets new greenhouse gas reduction goals
- American multinational Chevron plans to reduce emission intensity from oil and natural gas production
Eni boosts investments in Australian solar projects
-Eni's new solar projects in Australia to supply clean energy to over 5,000 homes each year
Turkey's daily power consumption up 14.34% on Sep. 30
- Turkey’s electricity exports amount to 7,560 megawatt-hours, while imports reach 5,749 megawatt-hours on Monday
Eni, Mainstream to cooperate for large-scale renewables
- Eni, Mainstream will collaborate on power generation from renewable sources across Africa, U.K. and Southeast Asia
Spot market electricity prices for Sunday, Sept. 22
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 96.16 million Turkish liras
Spot market natural gas prices for Friday, Sept. 20
- 1,000 cubic meters of natural gas in spot market cost 1,502.19 Turkish liras on Friday
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Oil rig count in US falls by 14 this week
- Number of US oil rigs falls to 719
Turkey's daily power consumption falls 2.05% on Sep. 20
- Turkey's electricity exports reach 5,305 megawatt-hours while imports amount to 3,291 megawatt-hours on Friday
Equinor ramps up oil production in Gulf of Mexico
- Equinor plans to recover an estimated 150-175 million barrels of oil equivalent in St. Malo field
Google to expand global wind, solar stake via 18 deals
- These deals will increase Google's worldwide wind and solar energy portfolio by more than 40% to 5,500 megawatts
Turkey's daily power consumption up 0.33% on Sept. 18
- Turkey's electricity exports amount to 5,679 megawatt-hours while imports reach 3,484 megawatt-hours on Wednesday
Spot market electricity prices for Friday, Sept. 20
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 136.01 million Turkish liras
Spot market natural gas prices for Wednesday, Sept. 18
- 1,000 cubic meters of natural gas in spot market cost 1,500.43 Turkish liras on Wednesday
US crude oil inventories rise for w/e Sep. 13
- Crude oil production unchanged at around 12.4 million barrels per day
Spot market electricity prices for Tuesday, Sept 17
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 142.45 million Turkish liras
Turkey's daily wind power generation hits record
- Nearly 19 percent of total electricity was generated from wind farms on Sunday
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Spot market natural gas prices for Sunday, Sept 15
- 1,000 cubic meters of natural gas in spot market cost 1.460,48 Turkish liras on Sunday
Turkey's daily power consumption down 11.61% on Sept. 15
- Turkey's electricity exports total 3,474 megawatt-hours while imports reach 7,636 megawatt-hours on Sunday
EU: Attack on Saudi oil facilities threat to security
- Drone attacks on Saudi oil facilities undermine ongoing work at de-escalation and dialogue, EU spokesperson says
Spot market natural gas prices for Friday, Sept 13
-1,000 cubic meters of natural gas in spot market cost 1,473.78 Turkish liras on Friday
Spot market electricity prices for Sunday, Sept 15
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 95.69 million Turkish liras
Oil rig count in US falls by 5 this week
- Number of US oil rigs retreats to 733
Turkey's daily power consumption down 2.04% on Sept. 13
- Turkey's electricity exports total 4,285 megawatt-hours while imports reach 4,818 megawatt-hours on Friday
Oil prices down to $60 at week ending Sept. 13
- Oil prices fall Friday due to OPEC's postponement of decision to agree further output cuts until next meeting in December
Global oil production rises in August
- OPEC production increases by 50 thousand barrels per day to 29.74 million, according to IEA report
US crude oil inventories fall for w/e Sept. 6
- Crude oil production unchanged at around 12.4 million barrels per day
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Wind power industry tech. sees flat growth in Q2 2019
- Onshore wind industry becomes top category in wind technology for number of contracts in second quarter
Global oil supply up in August 2019
- OPEC crude oil production in August increases by 136 thousand barrels per day to average 29.74 million barrels per day
European wind turbines need upgrades by 2028: WoodMac
-From 2019 to 2028, an average of 4 GW of turbines per year are reaching end-of-design-life
Turkey's Zorlu Energy establishes company in Palestine
- Company plans to install 1.8-megawatt solar power plant to meet Palestine's electricity needs
China’s natural gas output to double by 2040: WoodMac
- China’s imports will still grow long term, although country is set to become the world’s third largest gas producer by 2027
Eni discovers gas and condensates onshore Niger Delta
- Italian firm finds approx. 1 trillion cubic feet of gas and 60 million barrels of associated condensate in Niger Delta
OPEC reports 159% oil output conformity level in July
- OPEC's Joint Ministerial Monitoring Committee says oil market forecasts by major forecasters remains robust for 2019 & 2020
Indonesia's West Ganal Exploration Block awarded to Eni
- Gas resources in block estimated at 600 billion standard cubic feet
Three quarters of Nord Stream 2 pipeline complete
- Once completed, Nord Stream will have capacity to transport 55 billion cubic meters of gas per year from Russia to Europe
Oil up after Trump retaliates against China's tariffs
- Latest US-China trade action impacts global oil demand
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Scandinavia’s largest offshore wind farm opens
- The Horns Rev 3 wind park will provide enough power for 425,000 Danish households
Philippines boosts clean power to meet greater demand
- The country plans to increase its generation capacity and energy supply through domestic resources
Turkey's Energy Xchange hits record in spot gas trade
- Energy Exchange Istanbul (EXIST) data shows trade volume reached 29 million Turkish liras
Rosneft reports almost 9.1% net income rise in 1H19
- Reduction in trading liabilities and financial debt are main factors behind profit increase, says Rosneft
GE produces 500th wind turbine blade in Bergama, Turkey
- Bergama factory represents a $50 million commitment to Turkey
German E.ON invests in 440-megawatt wind farm in Texas
- Construction of wind farm, with over $500 million investment, will start at the end of the year
Offshore wind expects to increase by over 25% by 2030
- By end of 2018, cumulative global offshore wind installed capacity grew to 22,592 megawatts (MW) from 176 projects
Equinor buys share asset from Shell in Gulf of Mexico
- Equinor’s expands portfolio in the US Gulf of Mexico, and produces more than 130,000 barrels of oil per day
Oil prices show slight boost on week beginning Aug. 19
- Global oil price increases after strong economic data from US last week and ongoing tension in Middle East
Global oil supply up in July 2019
- OPEC crude oil production decreases by 246 thousand barrels per day to average 29.61 million barrels per day
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Equinor joins wind farm development in Argentina
- Wind farm, with a total investment estimated at around $190 million, will provide a power capacity of 120 megawatts
Oil prices fall on Wednesday with US-China tensions
- With US-China trade concerns, Brent oil falls to $58 per barrel on Wednesday
US crude oil inventories fall for w/e July 26
- Crude oil production increase by 900,000 barrels per day (bpd) to around 12.2 million bpd for week ending July 26
India leads with lowest renewable cost in Asia Pacific
- Australia’s solar power to be cost competitive against coal next year
Brent oil prices see slight fall week beginning July 29
- Oil prices fall slightly due to fear of global economic slowdown and with positive talks on Iran's nuclear deal
Oil prices slightly, rise due to Middle East tension
- Iran's seizure of British oil tanker in Strait of Hormuz in reprisal for ship capture off Gibraltar causes oil price rise
Equinor and ptrs. discover small oil field in north sea
- Main reservoir is currently estimated to contain between 5 and 25 million barrels of oil in-place
3 banks to co-finance Turkey’s largest geothermal plant
- When fully completed next year, the largest geothermal plant’s eight units will have total installed capacity of 260 MW
Siemens Gamesa signs 94 MW wind contract in Brazil
- Company will install 27 SG 3.4-132 wind turbines to provide clean and affordable energy for Sao Francisco river region
Europe's new wind installations up in 1h19 to 4.9 GW
- In the first half of 2019, Europe invested €8.8 billion in construction of future wind farms, WindEurope data reveals
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Global solar PV installations set to hit record in 2019
- Wood Mackenzie estimates that global annual solar installations will rise to around 125 gigawatts by early 2020
Top 10 wind turbine makers to spend €2.3B on R&D by 2023
- Wood Mackenzie reports shows that almost 100 new turbine models will hit the market by 2024
Siemens, Nigeria agree electrification roadmap
- Nigerian electrification infrastructure aims to provide secure, reliable and affordable electricity supply
China continues to lead global steam turbine market
- Combined-cycle and cogeneration operations increase value of steam turbine market to $36.70 billion up to 2023
Eni starts production from Western Desert in Egypt
- All new discoveries in Western Desert are contributing in excess of 15,000 barrels per day to Agiba's production
China set to overtake Japan as world’s top LNG importer
-Japanese LNG imports will fall 12% to 72.8 million tonnes per year by 2022 while China’s imports will rise by 37.5%: WoodMac
IEA stands ready to act if needed for Strait of Hormuz
- Strait of Hormuz is vital maritime transit route for global energy trade providing transit for 20% of world's supply
Eni starts Coral Sul FLNG hull build offshore Mozambique
- Eni discovers supergiant gas resources in Coral Reservoir with estimated 2,400 billion cubic meters of gas in place
Siemens Gamesa to supply nearshore wind farm in Vietnam
- Siemens Gamesa will supply 7 SG 4.5-145 for the first phase of the No. 5 Thanh Hai wind farm project in Vietnam
Oil rig count in US falls by 5 to 779 this week
- Brent oil prices continued their upward trend on Friday as tensions between the U.S. and Iran intensify
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Seasonally strong oil demand is expected in 2H19, OPEC
- Global oil demand growth is forecast at 1.14 million barrels per day for both 2019 and 2020
Global oil supply falls in June 2019
- OPEC crude oil production decreases by 68 thousand barrels per day to average 28.83 million barrels per day, data shows
China: Asia Pacific's largest energy storage mkt by 2024
- Wood Mackenzie estimates that China's cumulative energy storage capacity will hit 12.5 gigawatts by 2024
Oil prices see small decrease at week beginning July 8
- Oil prices fall slightly despite elevated tensions in Middle East
Eni awarded new license in Ghana’s offshore fields
- Eni's current gross production totals about 70,000 barrels of oil equivalent per day
US crude oil inventories fall for for w/e June 28
- Crude oil production increases to 12.2 million barrels per day
Brent to average $69.50 in 2H19: Wood Mackenzie
- WoodMac estimates that output curbs will remain in place through 2019 and for the first quarter of 2020
Eni starts production from Area 1 offshore Mexico
- Area 1 is estimated to hold 2.1 billion oil equivalent barrels in place (90% oil) in the Amoca, Miztón and Tecoalli fields