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EU awards €323 million grant to Baltic synchronisation

- Synchronisation of Baltic States' electricity grid with Europe is essential political priority for Energy Union, EC says

22.03.2019 Electricity , Finance , Europe , General

US oil stocks fall, production up for w/e March 15

- Crude production increases by 100 thousand barrels while inventories fall by 9.6 million barrels

22.03.2019 Oil , Finance , Upstream , Downstream , Americas , General

Turkish consumer confidence surges in March

- Consumer confidence index stands at 59.4 this month, up from 57.8 in February, says statistical authority

21.03.2019 Finance , Turkey , General

EU to offer €750M funding for clean energy projects

- The call for proposals will be open until June 13, European Commission says

22.03.2019 Renewable , Invesments , Europe

US sanctions on Venezuela may worsen crisis: UN

- US sanctions on Venezuela may worsen South American country's economic situation, UN human rights chief warns

21.03.2019 Oil , Stock Market

Turkey expects more EU actors in energy exchange market

- Energy Minister Fatih Donmez says work underway to expand Turkey's energy exchange market to draw more European participants

21.03.2019 Natural Gas , Stock Market , Energy Diplomacy , Turkey , General

Turkey’s Bursa province to host major business summit

- Uludag Economy Summit to feature around 100 speakers, including officials, businesspeople and academics

19.03.2019 Finance , Turkey , General

Number of US oil rigs falls by 1 to 833 w/e Mar. 15

- Despite slight drop in weekly oil rig count, oil prices fell on Friday

18.03.2019 Oil , Finance , Americas , General

Brent sees rise to $67.23 at week beginning March 18

- Losses in Venezuela and lower Saudi Arabian and Iraqi output brought OPEC's production in February to lowest in four years

19.03.2019 Oil , Finance , Americas , General

Naftogaz pays $543.9 mln. to Ukraine's state budget

- Naftogaz group remains biggest contributor to Ukraine’s state budget

18.03.2019 Natural Gas , Finance , Eurasia , General

Canada's Valeura sees stable, secure setting in Turkey

-Valeura sees 37 percent rise in realized gas price in 2018 and in 4th quarter received over $9 per metric cubic feet for gas

16.03.2019 Natural Gas , Finance , Natural Gas , Turkey , General

US announces additional $397M in aid for Syria relief

- $135 million for efforts inside Syria, $81 million for Turkey to support schools, psychosocial programs

15.03.2019 Finance , Americas , Middle East-Africa , General

Eni makes new gas discovery in offshore Egypt

- Thirty three meters of gross sandstone pay with good petrophysical properties found in Nour-1 well

15.03.2019 Oil , Finance , Europe , Middle East-Africa , General

Global oil supply falls in Feb. '19

- OPEC crude oil production decreases by 221 thousand barrels per day to average 30.55 million barrels per day, data shows

15.03.2019 Oil , Finance , Refining/Petro Chemistry , General

Turkish private sector's loans from abroad down in Jan.

- Central Bank says short-term loans total nearly $14B, long-term loans amount to some $210B

14.03.2019 Finance , Turkey , General

Oil prices up with fall in US crude stocks, production

- Decline in inventories and output alleviates some investors' worries over rising, global oversupply

15.03.2019 Upstream , Stock Market , Americas

China-Turkey JV wins Salt Lake gas storage expansion

- Last June, World Bank and China-led Asian Infrastructure Investment Bank approved $1.2B for Turkey's gas storage facility

14.03.2019 Natural Gas , Finance , Turkey , Asia , General

Moscow slams new US sanctions on Russia-Venezuela bank

- Russian Foreign Ministry says US undermining credibility of dollar by such moves

13.03.2019 Finance , International Relations , Eurasia , Americas

Oil prices up as Iran, Venezuela production due to fall

- Two countries are expected to account for a total of 1.76 million barrels per day in lost production

13.03.2019 Upstream , Stock Market , International Organization , Americas , Middle East-Africa

US sanctions Russian bank for link to Venezuela's PDVSA

- Treasury Department says Evrofinance Mosnarbank evaded US restrictions and supported Venezuelan oil company

13.03.2019 Finance , Energy Diplomacy , Americas , General

Saudi Arabia’s al-Jubeir meets with Indian officials

- Days after visiting Pakistan, Minister of State for Foreign Affairs Adel al-Jubeir pays first visit to India

12.03.2019 Finance , Energy Diplomacy , Asia , Middle East-Africa , General

Trump proposes record-high $4.7 trillion budget

- Budget sees cuts of five percent to domestic spending but boosts Pentagon's budget

12.03.2019 Finance , Americas , General

Eni signs 'Mind the Bridge' partnership with Europe

- Eni signs up to Startup Europe Partnership (SEP) platform to help best startups emerge from local ecosystems and scale-up

11.03.2019 Finance , Renewable , General

Kalyon Energy CEO elected as Turkish Wind Energy head

-Turkey Wind Energy Association selects new board at its 12th General Assembly in Ankara

12.03.2019 Finance , Renewable , Turkey , General

Brent sees slight rise to $66.27 on Monday, Mar. 11

- Increase due to fall in number of US oil rigs

12.03.2019 Oil , Finance , Americas , Middle East-Africa , General

Venezuela to pay $8.7B compensation to ConocoPhillips

- A tribunal ruled that ConocoPhillips’ investments in three oil projects in Venezuela violated international law

12.03.2019 Projects , International Organization , Americas

TurkStream's Kiyikoy receiving terminal 50% completed

- After terminal construction is complete, series of tests will be carried out in preparation for transmission by end of 2019

12.03.2019 Natural Gas , Projects , Turkey , Eurasia , General

World Bank approves $165M for Rohingya in Bangladesh

- Fund aims to build basic infrastructure, improve community resilience and help prevent gender-based violence, bank says

11.03.2019 Finance , Asia , General

Norway's wealth fund seeks to divest oil, gas holdings

- Goal is to reduce vulnerability to permanent oil price decline, says finance minister

10.03.2019 Upstream , Upstream , Invesments , Europe , General

Number of US oil rigs falls by 9 to 834

- Despite decrease in weekly oil rig count, crude prices slump on US job market slowdown, European growth concerns

10.03.2019 Oil , Finance , World , General

Oil down with weak Eurozone estimates, Chinese exports

- Chinese exports fall in February, signaling future weaker oil demand

08.03.2019 Upstream , Invesments , Europe , Asia

ExxonMobil expects earnings to rise 140 percent by 2025

- Company says estimated total earnings potential has increased by around $9 billion

08.03.2019 Oil , Finance , Americas , General

Spain’s airport operator launches solar energy project

- Spanish airport operator, Aena will invest €250 million in renewable energy to save energy and cut carbon emissions

08.03.2019 Finance , Solar , Europe , General

Rise in oil prices limited by surge in US crude stocks

- Crude stocks in US soar by 7.1 million barrels compared to market expectation of 1.2 million barrel increase

07.03.2019 Upstream , Stock Market , Americas

Turkey’s Central Bank keeps policy rate constant

- Policy rate, also known as one-week repo rate, stays same at 24 pct

06.03.2019 Finance , Turkey

Turkish energy exchange net income up 18% in 2018

- EPIAS net income reaches 46.9 million Turkish liras in 2018

07.03.2019 Finance , Turkey

ExxonMobil, Chevron to ramp up Permian output in 5 yrs.

- Companies plan to increase output in oil-rich basin by around 1 million barrels a day each

07.03.2019 Upstream , Invesments , Americas

S&P revises Mexico's Pemex outlook to negative

- Pemex decision comes three days after Standard & Poor's revises down Mexico's outlook

06.03.2019 Projects , Oil , Americas

Total buys 10% Arctic LNG 2 project stake from Novatek

- Arctic LNG 2 project's final investment decision is expected in the second half of 2019

05.03.2019 Lng/Lpg , Invesments , Europe , Eurasia , General

Cheniere's 1st LNG train in Texas facility completed

- Train 1 is one of three LNG trains that will have total production capacity of up to 13.5 million tonnes per annum

06.03.2019 Lng/Lpg , Projects , Natural Gas , Americas

Oil prices down as China lowers growth forecast

- China lowers growth expectation for 2019 to between 6-6.5 percent from previous estimate of 6.5 percent

06.03.2019 Upstream , Invesments , International Relations , Asia

Shell joins consortium for waste-to-chemicals facility

- Facility will be first in Europe to make chemicals and biofuels out of non-recyclable waste materials

05.03.2019 Refining/Petro Chemistry , Projects , Europe

US shale output to grow 15% in 2019 with 5% lower capex

- Shale operators aim to prioritize cost discipline over aggressive growth, Rystad Energy partner says

05.03.2019 Upstream , Invesments , Americas

EU plastic package recycling near doubles in 2005-2016

- Despite high recycling rates, only 12 percent on average of material resources in EU in 2016 came from recycled products

05.03.2019 Finance , Renewable , Europe , General

ExxonMobil to enlarge Louisiana facility's production

- Expansion is part of $20 billion investment to build manufacturing facilities in US' Gulf region

04.03.2019 Refining/Petro Chemistry , Invesments , Americas

Global electricity investment surpasses $500M in 2018

- Nearly $1.7 billion in cumulative disclosed investment was deployed into energy access markets up to the end of 2018

05.03.2019 Electricity , Finance , Asia , Middle East-Africa , General

Turkey's annual inflation stands at 19.67 pct in Feb.

- Last month, highest annual increase was 29.25 pct in food and non-alcoholic beverages, says TurkStat

04.03.2019 Finance , Turkey

EBRD finances new trolleybuses in Ukraine's Lviv city

- New vehicles expected to reduce electricity consumption by 20 percent and cut annual CO2 emissions by 1,907 tonnes

04.03.2019 Electricity , Renewable , Finance , Europe , General

Brent increases to over $65 at week beginning March. 4

- Crude oil prices finished higher for week ending March 1 with OPEC's determination to continue cutting production

04.03.2019 Oil , Finance , General

Norway's sovereign fund invests over $700M in Turkey

- As of end December 2018, fund has over $700 million in investments in 58 different Turkish firms, including eight in energy

04.03.2019 Invesments , Turkey , Europe , General

Chesapeake's net income rises in 4th qtr, falls in 2018

- Net income soars 54 percent in final quarter of 2018, but declines 8 percent for full year

01.03.2019 Upstream , Invesments , Americas

Siemens Gamesa to supply 21 MW wind turbines in China

- Company signs first deal with State Power Investment Corporate China to supply turbines for circular economy pilot project

28.02.2019 Finance , Wind , Europe , Asia , General

Vattenfall to participate in Dutch offshore wind tender

- Vattenfall agrees to participate in 750 MW offshore tender for Hollandse Kust Zuid, in Dutch North Sea

28.02.2019 Finance , Wind , Europe , General

Equinor buys $16.6 billion of goods & services in 2018

- The company purchases 67% of services and goods from Norwegian suppliers - a annual increase of over NOK 6.5 billion

28.02.2019 Finance , Europe , General

Oil giants amass $1.6 trillion in total revenue in 2018

- Oil giants record massive 73.7 percent increase in collective year-on-year net income in 2018

28.02.2019 Upstream , Stock Market , Europe , Americas

Turkey: Economic confidence up in February

- Country's statistical authority says economic confidence index stands at 79.4 in current month, up from 78.5 in January

27.02.2019 Finance , Turkey , General

RWE acquires E.ON's renewable, nuclear assets

- RWE receives European Commission's approval for the acquisition of E.ON's assets on late Tuesday

27.02.2019 Renewable , Finance , Nuclear , Europe

EU to invest €10 billion for low-carbon technologies

- New investment program, Innovation Fund, aims to create financial incentives for low-carbon technologies, EC says

27.02.2019 Invesments , Europe

UK's RockRose to buy Marathon Oil ops. in North Sea

- Deal will add 13,000 barrels of daily oil equivalent production in 2019 and represents Marathon Oil's exit from UK

27.02.2019 Upstream , Projects , Europe

British Drax's EBITDA increases 9% in 2018

- Biomass makes up 75 percent of company's electricity generation in 2018

27.02.2019 Finance , Europe , General

Fitch places Venezuela's CITGO on negative rating watch

- Agency warns negative rating action could be taken if CITGO fails to replace lost PDVSA oil volumes

27.02.2019 Upstream , Invesments , Americas

Turkey launches campaign to raise employment

- Gov't to pay new personnel's salaries, premiums and taxes for 3 months, labor minister says

26.02.2019 Finance , Turkey

Eni begins construction of PV plant in Sardinia

- Italian oil & gas giant continues energy transition target by creating a new photovoltaic plant in Sardinia

26.02.2019 Oil , Finance , Middle East-Africa , General

New oil, gas projects to triple in 2019: Rystad Energy

- Total volumes could be more than 46 billion barrels of oil equivalent this year, research firm says

26.02.2019 Upstream , Upstream , Invesments

President Ali Bongo returns to Gabon

- Ali Bongo is expected to chair cabinet meeting

25.02.2019 Finance , Energy Diplomacy , Middle East-Africa , General

Trump delays deadline for additional Chinese tariffs

- Trump says if additional progress made he and Xi Jinping to meet at his Florida golf resort 'to conclude an agreement'

25.02.2019 Finance , Energy Diplomacy , Asia , Americas , General

Nigeria's senate chief loses reelection bid

- Bukola Saraki's defeat signals end of entrenched political dynasty

25.02.2019 Finance , Middle East-Africa , General

Turkish Central Bank posts $10.7B net profit in 2018

- Central Bank's gold assets in international standard amounted to 488.5 tons as of end of last year

25.02.2019 Finance , Turkey , General

Turkey likely to see new big energy investments by 2020

- Banks in Turkey to restructure $7-$8 billion credit of energy companies, Garanti Bank's top official says

27.02.2019 Electricity , Invesments , Turkey

Trump likely to meet China's Xi for March trade talks

- Meeting between leaders of world's largest economies to hammer out final details of bilateral trade deal

24.02.2019 Finance , Asia , Americas

Oil prices at three-month high with weaker dollar

- This week both Brent and WTI reached their highest levels at $67.69 and $57.61 respectively - the highest since Nov. 16

24.02.2019 Oil , Stock Market , World

Equinor natural gas sales increase 29 percent in 2018

- Second-largest gas supplier to Europe sells $26 billion worth of gas last year and sees further demand growth towards 2030

22.02.2019 Downstream , Invesments , Europe

Gazprom Neft's net profit increases 48.7% in 2018

- Higher oil prices help company profits to rise

21.02.2019 Oil , Finance , Europe , Eurasia , General

Norway's energy investments up by 7.5% in 2018

-Oil and gas, manufacturing, mining and quarrying, and electricity supply investments total 217.4 billion Norwegian crowns

21.02.2019 Invesments , Europe , General

Turkey prevails in top 10 Europe wind energy power list

- Turkey added 467 megawatts in 2018 to reach 7,369 MW of installed wind capacity

22.02.2019 Finance , Wind , Renewable , General

Norway oil, gas sector lowers 2019 investment forecast

- Investments are expected to fall to 158.5 billion crowns by 2020, Norway's statistical institute says

21.02.2019 Natural Gas , Oil , Finance , Europe , General

Turkey’s external assets hit $234.2B in December 2018

- Country's net international investment position improves in December, compared with end-2017, says Turkish Central Bank

21.02.2019 Finance , Turkey

Oil prices up as indecisive Fed pushes dollar lower

- The word "patient" was used 12 times in Fed minutes, as members look divided on rate hike decision

22.02.2019 Finance , Upstream , Americas

Trump warns of auto tariffs if no EU trade deal

- 'If we don’t make the deal, we’ll do the tariffs,' president says

21.02.2019 Finance , Europe , Americas , General

UK: If Brexit goes wrong, it would be a disaster

- British foreign secretary says no-deal Brexit would be horrible for UK, Europe

21.02.2019 Finance , Europe , General

Turkey and Serbia agree to improve security relations

- Interior ministers agree to strengthen fight against organized crime, terrorism, drug trafficking

21.02.2019 Finance , Europe , General

Foreign bases not welcome in Iraq: Security official

- US-led anti-Daesh coalition came to Iraq at Baghdad’s request, national security advisor says

21.02.2019 Finance , Middle East-Africa , General

Iraq draws up 'joint force' to maintain Kirkuk security

- Oil-rich Kirkuk province remains subject of dispute between Baghdad, Erbil

21.02.2019 Finance , Energy Security , Middle East-Africa , General

Turkey: Central government's gross debt at $212B

- Stock of Treasury receivables reaches $3.6 billion as of January-end

21.02.2019 Finance , Turkey , General

Trump in 'no rush' to denuclearize North Korea

-Statement comes days ahead of US president’s summit with North Korean leader in Hanoi

21.02.2019 Finance , Americas , General

Pump room fire in Venezuela risks oil supply disruption

- Venezuelan oil firm PDVSA says incident was caused by "action of sabotage perpetrated by the opposition right"

20.02.2019 Oil , Finance , Energy Diplomacy , Americas , Middle East-Africa , General

26 European islands launch clean energy transition

- Many EU islands currently depend on expensive fossil fuel imports, European Commission says

20.02.2019 Renewable , Projects , Europe

Turkey to invest $23 million for TurkStream in 2019

- Turkish government will spend total 217.91 million liras for TurkStream natural gas pipeline's section on Turkish soil

20.02.2019 Natural Gas , Invesments , Turkey , Europe , Eurasia , General

Istanbul angel investor forum sees 2 int'l deals inked

- World Business Angels Investment Forum signs agreements with Ghana, Kosovo

18.02.2019 Finance , Turkey , General

Turkey aims to promote young entrepreneurs: Minister

- Turkey has youth who can launch successful enterprises in future, youth and sports minister says

18.02.2019 Finance , Turkey , General

Brent hits 2019 high at $66.48 on Monday, Feb. 18

- Brent oil price boost due to OPEC+ supply cuts and higher-than-expected output cuts from Saudi Arabia

19.02.2019 Oil , Finance , Americas , Middle East-Africa , General

Brent increases to $64 at week ending Feb. 15

- Brent oil hits $65 to reach highest in 2019 due to OPEC+ supply cuts and higher-than-expected output cuts from Saudi Arabia

16.02.2019 Oil , Finance , General

Turkish economy: Total turnover up 10.8 pct in December

- On yearly basis, industry turnover index rises 17 pct in last month of 2018, says statistical authority in Turkey

15.02.2019 Finance , Turkey

Turkey's budget posts $953M surplus in January

- Central government's budget balance sees surplus last month, with $18.1B revenue, $17.2B expenses

15.02.2019 Finance , Turkey

Turkey: Retail sales volume down 9.2 pct in December

- Non-food sales volume via mail orders and internet climbed by 16.8 pct year-on-year

15.02.2019 Finance , Turkey

EU passenger car market sees slow start to 2019

- In January, nearly 1.2 million new passenger cars registered in 28-member bloc, says manufacturers' association

15.02.2019 Finance , Europe

Oil still has major global energy role up to 2040: BP

- However, significant levels of investment are required for sufficient supplies of oil to meet demand in 2040

16.02.2019 Oil , Finance , Americas , Middle East-Africa , General

Trump to sign spending bill, declare national emergency

- Decision averts another government shutdown, but emergency declaration likely to prompt legal pushback

15.02.2019 Finance , Americas

Amazon cancels plans for headquarters in New York

- E-commerce company cites opposition from local politicians for decision

15.02.2019 Finance , Americas

Antarctica: World’s biggest natural laboratory

- Frozen land attracts researchers with its rich natural resources and extreme conditions

15.02.2019 Finance

Turkey: Industrial output falls in December 2018

- Industrial production goes down nearly 10 pct year-on-year in December, official data shows

14.02.2019 Finance , Turkey , General

Turkey's current account deficit at 10-year-low

- Central Bank says current account balance posts $27.6B deficit last year, improving from nearly $47.5B deficit in 2017

14.02.2019 Finance , Turkey , General

Offshore wind may be key to Japan's falling nuke power

- Japan aims for 4 GW offshore wind power to replace power void from 2011’s Fukushima Daiichi nuke disaster: Wood MacKenzie

15.02.2019 Finance , Wind , Energy Projects , Asia , General

EU to promote euro over dollar in energy trade

- Roughly 85 percent of EU's energy imports is paid in dollars, according to European Commission

15.02.2019 Finance , Energy Diplomacy , Europe , Americas

Venezuela's opp. congress appoints oil firms' boards

- Venezuelan opposition congress appoints temporary board members for state-oil companies PDVSA and its US subsidiary Citgo

14.02.2019 Natural Gas , Oil , Finance , Americas , General

Russia's Novovoronezh NPP II unit 2 reaches final stage

US nuclear output in 2018 surpasses previous 2010 peak

Russia allots 25 nuclear education places to Turkey

Akkuyu nuke power plant's 1st reactor foundation laid

GE begins to digitize thermal, renewable power in India

China's coal output up 5.2 pct in September

Asian Dev. Bank to loan $500M to Bangladesh power plant

China’s coal production up 4 percent in April

Global energy demand hits fastest pace this decade: IEA

Engie sells stake in Thailand's Glow for €2.6 billion

Old coal plants in W. Balkans kill 3,000 people: Report

Turkey's state energy expenditure up 15.3% in 2019

Indian consortium to explore Abu Dhabi Onshore Block 1

Japan's Inpex wins Abu Dhabi onshore exploration bid

US natural gas production breaks new record in 2018

Eni to sell interest in block offshore Mozambique

‘Ankara to always protect Turkish Cypriots’ rights’

Total, ADNOC to explore gas in Abu Dhabi

Osaka to acquire 35pct stake in US shale gas project

UK announces new measures to back shale gas exploration

US natural gas processing capacity shows rise 2014-2017

Turkey to benefit from many gas supplies & best prices

UAE’s ADNOC to explore oil, gas opportunities in Korea

Equinor natural gas sales increase 29 percent in 2018

Algerian LNG vessel arrives in Turkey on March 26

Endesa signs charter deal for second LNG carrier

Algerian LNG vessel to arrive in Turkey on March 26

Petrofac awarded $1B gas development project in Algeria

Indian consortium to explore Abu Dhabi Onshore Block 1

US oil stocks fall, production up for w/e March 15

Eni announces oil and gas discovery in North Sea

Japan's Inpex wins Abu Dhabi onshore exploration bid

ADNOC inks downstream MoUs with OMV, Borealis

US oil stocks fall, production up for w/e March 15

Vitol to acquire asphalt trading business VALT

US crude exports to catch up with Saudi Arabia by 2024

ADNOC inks downstream MoUs with OMV, Borealis

Baku, Moscow mull Russian oil to Turkey's STAR refinery

Global oil supply falls in Feb. '19

US oil stocks, production fall for week ending March 8

US biofuels trade, prod. to remain stable through 2020

Share of renewables in EU transport totals 7.6% in 2017

EU agrees on first-ever emission standards for trucks

US' retail gasoline price ends 2018 lower

Nordex Group announces new N149/5.X turbine

Vestas secures 96 MW wind farm order in Mexico

Nordex starts production of Delta4000 wind turbine series

EBRD offsets own carbon emissions

Enel buys 650 MW of renewable power plants in US

Statkraft picks Ocean Sun for €2.3M solar park in Albania

Eni building solar PV plants in Tunisia, Pakistan

Microsoft, Invenergy announce 74 MW solar project in US

Norway produces 94.4% electricity from hydro in Jan. 19

Dam will add $83.5M to Turkish economy: President

Norway produces 94% electricity from hydro in Dec. 2018

Asia, Africa, Middle East drive global energy growth

Enel buys 650 MW of renewable power plants in US

Engie buys French biomethane producer Vol-V Biomasse

Eni, Indonesia’s Pertamina ink circular economy deal

GE begins to digitize thermal, renewable power in India

Venezuela to pay $8.7B compensation to ConocoPhillips

TurkStream's Kiyikoy receiving terminal 50% completed

S&P revises Mexico's Pemex outlook to negative

Cheniere's 1st LNG train in Texas facility completed

EU to offer €750M funding for clean energy projects

Norway's wealth fund seeks to divest oil, gas holdings

Oil down with weak Eurozone estimates, Chinese exports

ExxonMobil, Chevron to ramp up Permian output in 5 yrs.

US sanctions on Venezuela may worsen crisis: UN

Turkey expects more EU actors in energy exchange market

Oil prices up with fall in US crude stocks, production

Oil prices up as Iran, Venezuela production due to fall

S&P revises Mexico's Pemex outlook to negative

Seven oil, gas majors establish blockchain consortium

Chevron is 1st US energy major to tie pay to emissions

US Sunoco P/line LP to pay $5.4M to settle 3 oil spills

US coal consumption in 2018 set to be lowest in 39 yrs.

Turkey's electricity consumption down 2.2% in Nov.

US plans to end electric car, renewable subsidies

MEDREG can play 'crucial' role in Med energy sector