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Turkey announces landmark new economic reform package

- Reforms aim to boost investment, production, jobs, and exports, says President Recep Tayyip Erdogan

16.03.2021 Projects , Invesments , Renewable , Energy Projects , Turkey , General

Over $1T invested in coal despite trendy climate goals

- Financial institutions’ net-zero commitments are meaningless without immediate, far-reaching coal exit policies: new study

27.02.2021 Coal , Invesments

Aygaz enters LPG business in Bangladesh via new partner

- Thanks to partnership agreement with United Enterprises, Aygaz will be entering Asian markets, CEO says

21.01.2021 Lng/Lpg , Invesments , Turkey , Asia

Turkey allocates $18.5B for 2021 investments

- Transport and communications projects to take lion's share with $5.7B, followed by education with $2.66B

17.01.2021 Invesments , General

Venezuela open to foreign investment in oil sector

- In a bid to boost domestic output, government is welcoming foreign investment in sector, which has not occurred since 1990s

15.01.2021 Oil , Invesments , Americas , General

Turkey's gold production set to break records in 2021

- Despite pandemic, production target is achieved by prioritizing work safety and environmental responsibility

09.01.2021 Invesments , Energy Security , Turkey

Emerging markets attract $313B in 2020: IIF

- Portfolio flows stand at $45.9B in December, closing one of most volatile years, says Institute of International Finance

08.01.2021 Invesments

Turkey's Sabanci to invest $450M in wind over 4 years

- "We put sustainability and new technologies at center of investments and growth plans," high official at conglomerate says

16.12.2020 Renewable , Invesments , Turkey

Support mechanism key to Turkey’s renewables growth

- Renewable energy capacity additions this year to date set record high with over 4,200 megawatts

12.12.2020 Renewable , Invesments

Turkey to improve investment climate via structural reforms

- Turkish economy to expand by 0.3% in 2020, says country's treasury and finance minister

18.11.2020 Finance , Invesments , Turkey

European bank to deploy supply-chain finance in Turkey

- Supply-chain finance can provide lower financing cost, improve business efficiency, says EBRD director in Turkey

18.11.2020 Finance , Invesments , Turkey , Europe

Turkey to offer new opportunities to foreign investors

- Government to take confidence building measures, steps to stabilize markets

12.11.2020 Invesments , Turkey

Turkish energy savings equal to 18m households possible

- $54B investment needed for energy efficiency, electrification and energy distribution in next 10 years, says SHURA

14.10.2020 Electricity , Invesments , Turkey

Turkey: Investment demand rises despite pandemic

- Investment demand in 8 months of 2020 up by 30% compared to last year, says Turkish industry minister

03.10.2020 Invesments , Turkey

Turkey breaks ground on 1st lithium-ion battery plant

- Facility to contribute to Turkey's efforts for domestically-produced batteries to meet military needs

04.10.2020 Electricity , Invesments , Turkey

Libya aims to revive economic relations with Turkey

- Delegation from Libya to focus on restoring Turkish firms' confidence to resume activities, says head of business body

02.10.2020 Finance , Invesments , Turkey , Middle East-Africa

Turkey unveils new economic program for 2021-2023

- Country's new economic program based on themes of new stabilization, new normal, and new economy

30.09.2020 Invesments , Stock Market

Turkey's gas find could save up to $21B in import costs

- Actual savings could even be more as global gas prices and import costs are expected to rise in coming years: Rystad Energy

11.09.2020 Natural Gas , Finance , Invesments , Turkey

Turkey's 1st solar cell integrated plant starts ops.

- Factory will help eliminate nearly $100 million of solar panel imports per year, energy minister Donmez says

20.08.2020 Solar , Invesments , Turkey

Offshore wind sector to create nearly 1M jobs in 5 years

- Total of 17.3 direct jobs are created per megawatts of generation over 25-year lifetime of an offshore project, GWEC says

17.08.2020 Wind , Projects , Invesments , Americas

Rosneft income falls 77%, revenue down 51% in 2Q20

- Company has net loss of 113 billion rubles ($1.55 billion) in first six month of 2020

15.08.2020 Upstream , Invesments , Eurasia

Iran moves from oil to petrochemicals in export

- Country launches 3 major petrochemical projects worth $1.6B to boost non-oil revenue

10.08.2020 Refining/Petro Chemistry , Invesments , Middle East-Africa

BP posts $16.8 billion loss in second quarter of 2020

- Firm's total loss widens to $21.2 billion for first half of year

05.08.2020 Upstream , Invesments , Energy Security , Europe

Turkish Central Bank posts $86.3B in June reserves

- Foreign currency reserves amount to $45.8B, gold reserves $39.1B, official data show

29.07.2020 Invesments , Turkey

Turkey: Investment demand rises in H1 despite pandemic

- Turkish industry minister says country sees record high number of incentive certificate in June

29.07.2020 Invesments , Turkey

Baker Hughes net loss widens, revenue down in 2nd qtr.

- Risks of second wave of virus and high unemployment forge uncertain economic environment through 2020, CEO says

23.07.2020 Upstream , Invesments , Americas

Petrobras oil production down due to reduced demand

- Company says it is facing sharp oil price drop, demand decline and market supply surplus

23.07.2020 Upstream , Invesments , Energy Security , Americas

Halliburton posts net loss, revenue decline in 2nd qtr.

- Revenue down 46% with net losses of $1.68 billion in second quarter of 2020

21.07.2020 Oil , Invesments , Americas

US share of Turkish LNG imports rises with cheap prices

- Turkey can use cheap US LNG to diversify sources, enhance negotiations and export to southern Europe, investor says

19.07.2020 Lng/Lpg , Invesments , International Relations , Turkey , Americas

G20 commits $151B to fossil fuels in COVID-19 packages

- COVID-19 recovery packages aid fossil fuels over clean energy despite leaders' ambitious clean energy transition rhetoric

16.07.2020 Coal , Invesments

Shell: Low oil prices to lower asset value up to $22B

- Energy company points to impacts of COVID-19 and challenging commodity price environment

01.07.2020 Upstream , Invesments , Energy Security , Europe , Americas

China leads green bond issuance with $55.8B in 2019

- China's green bond issuance up by 33% in 2019 from $42 billion in 2018, new report says

30.06.2020 Invesments

Fossil fuel profits could drop by $25T as demand falls

- Competition from clean technologies and tougher climate policies reduce value of fossil reserves, report finds

06.06.2020 Invesments

COVID-19 to cause biggest global energy investment fall

- Global energy investments are expected to total $1.5 trillion this year marking a year-on-year drop of 20%, IEA report says

27.05.2020 Invesments

Turkey: External assets hit $233.8B in March

- Country's net international investment position improves to minus $314.7B in March

22.05.2020 Invesments , Turkey

EBRD makes $55M loan to Turkey's Garanti BBVA

- Financing complemented by $50M loan from International Finance Corporation, says EBRD

21.05.2020 Invesments , Stock Market

Brent oil stabilizes above $30 despite pandemic woes

- Between Monday and Friday, Brent oil prices fluctuate between the lowest at $28.86 to peak of $32.49

16.05.2020 Oil , Invesments , Energy Diplomacy

Turkey is 7th in Europe's foreign renewable investments

- New legislative measures, accommodating incentives and tender structure positively affect sector: IZKA Secretary General

14.05.2020 Renewable , Invesments , Turkey

Petrofac secures BP maintenance, metering contracts

- Petrofac strikes new deals with BP on digitalization

13.05.2020 Invesments , Europe , General

Turkey's Aksa to build 240 MW gas plant in Uzbekistan

- When completed the combined natural gas cycle power plant is expected to produce 2 billion kWh of electricity annually

13.05.2020 Natural Gas , Finance , Invesments , Turkey , Asia

Saudi Aramco's net income declines 25% in first quarter

- Revenue down 16% year-over-year

12.05.2020 Upstream , Invesments , Middle East-Africa

Coronavirus hits US oil sector hard as billions lost

- US crude output already down 1.2 million bpd, while many oil majors announce billions of dollars in net loss for 1st quarter

09.05.2020 Upstream , Invesments , Energy Security , Americas

'Turkish banks well-prepared to face COVID-19'

- Banks appear to be financially, technically well-equipped to handle coronavirus crisis, says audit and consultancy firm

07.05.2020 Invesments , Turkey

Global renewables use 1.5% higher than last year: IEA

- Share of renewables in global electricity generation jumped to nearly 28% in Q1 2020 from 26% in Q1 2019, IEA says

06.05.2020 Electricity , Finance , Invesments , Renewable , Energy Security

ExxonMobil lowers capital spending by $10B amid virus

- Revenue came in at $56.16 billion for first quarter -- down 11.7% from $63.62 billion for same period last year

04.05.2020 Upstream , Invesments , Americas

Shell posts 28% revenue fall and net loss in 1Q20

- CEO points to 'extremely challenging conditions' as company starts to reduce spending

02.05.2020 Invesments , Europe

Energy sector could be vital for EU's economic recovery

- Energy ministers from 27 EU countries hold first talks after Covid-19 outbreak

30.04.2020 Renewable , Finance , Invesments , Energy Diplomacy , Europe

UK oil, gas sector may lose 30,000 jobs: Report

- Companies' capital expenditure could fall to between £3.5-4 billion -- lowest investment since 2000

29.04.2020 Downstream , Upstream , Invesments , Europe

‘Paraguay set for quick economic recovery after virus’

- Head of Ibero-American General Secretariat expects country to grow over 3% in 2021

24.04.2020 Invesments , Stock Market

Japan's Enechange, Looop invest in Turkish solar plant

- The investment is for 10-year operation of solar power plant in western Turkey

22.04.2020 Renewable , Solar , Invesments , Turkey , Asia

EU cooperates with Turkey against coronavirus

- Trade activities should continue regardless COVID-19 outbreak, says head of EU delegation to Turkey

11.04.2020 Invesments , Energy Diplomacy , Turkey , Europe

European assoc. demand adding Green Deal in recovery plans

- European energy industry associations warn pandemic measures bring Europe’s economy "near-to-complete standstill"

02.04.2020 Invesments , Europe

Moody's changes Shell's outlook to negative

- Negative outlook reflects impact of collapsing oil prices on Shell's financial profile in 2020, rating agency says

02.04.2020 Upstream , Invesments , International Organization , Europe

MENA oil exporters to see $192B income fall in 2020: IIF

- Quarantines, disruption in supply chains, travel restrictions, business closings point to recession in MENA region

30.03.2020 Downstream , Invesments , International Organization , Middle East-Africa

Saudi Aramco income higher than 12 oil giants in 2019

- Saudi Arabia's national oil company had net income of $88.2B, while 12 oil majors' combined earnings were $63.9B

31.03.2020 Upstream , Invesments , Middle East-Africa

Oil up with G20's $5 trillion pledge, weak US dollar

- G20 undertaking 'immediate and vigorous measures' to support economies, sectors most affected by virus

27.03.2020 Downstream , Invesments , International Organization , Americas

Coronavirus, crude oil crises to strain ratings: Fitch

-Effects of oil shock, coronavirus will outlive, hitting especially travel, tourism sectors, says agency

25.03.2020 Projects , Invesments , Stock Market

Covid-19 and oil shock to hurt ratings: Moody's

- Disruption of economic activity to last through June, but some recovery expected in second half of 2020, agency says

25.03.2020 Downstream , Invesments , Americas

Banks funnel $2.7T to fossils, snubbing climate crisis

- Four U.S.-based international banks account for 30% of total financing of fossil fuels, report reveals

19.03.2020 Oil , Invesments

Saudi Aramco posts $88.2 billion net income in 2019

- Net income down 20.6% year-over-year, while Brent price falls 9.6% during that period

17.03.2020 Upstream , Invesments , Middle East-Africa

Turkey has many incentives to scale up battery storage

- Renewables and electric vehicle expansion are main drivers for establishment of Turkey's storage market, DNV GL expert says

17.03.2020 Electricity , Projects , Invesments , Turkey

Turkey to start local solar cell production on June 15

- Turkey's first solar cell integrated factory set to produce components for 1 GW solar plant in its first three years

14.03.2020 Renewable , Solar , Invesments , Turkey

Coronavirus, oil shock to strain MENA region: Fitch

- Rating agency estimates oil price drop of $10 a barrel will affect government revenues by 2% to 4%

11.03.2020 Downstream , Invesments , Middle East-Africa

Low oil prices increase financial risks: Moody’s

- International credit rating agency says it expects oil, gas companies to actively manage their liquidity in 2020

11.03.2020 Downstream , Invesments , Americas

Norway's sovereign fund invests over $800M in Turkey

- As at the end of December 2019, fund has over $800B in investments in 53 different Turkish firms, including six in energy

05.03.2020 Natural Gas , Invesments , Turkey , Europe , General

Norway wealth fund earns record $180 billion in 2019

- Norway’s fund makes 19.9% return on investment last year, earning highest annual return in kroner in fund's history

28.02.2020 Invesments , Stock Market , Europe , General

Turkey's 3rd drillship from UK expected on March 17

- According to Turkey's Energy and Natural Resources Minister Fatih Donmez on Feb. 26, vessel is en route to Turkey

28.02.2020 Natural Gas , Invesments , Turkey , General

Microsoft invests $1.1B in Mexico

- Funds will go toward creating new data center, education, AI projects

21.02.2020 Invesments , Americas , General

Rosneft income increases 50% in fourth quarter of 2019

- Revenue rises 6.3% from final quarter of 2018

20.02.2020 Upstream , Upstream , Invesments , Eurasia

Solar is key in cutting Turkish gas imports: GENSED head

- 1,000 megawatts of installed capacity in solar energy will prevent $110 million of Turkey's imported gas: Solar Energy Head

21.02.2020 Solar , Invesments , Energy Projects , Turkey

EU invests over €100 million in climate neutrality

- The fund will be used in 10 large-scale environmental and climate projects in nine EU member states

18.02.2020 Invesments , Europe

Many countries eye dealership of Turkish-made car

- Offers mostly come from Gulf countries, Central Asian countries and Germany, says Turkish industry and technology minister

14.02.2020 Invesments , Turkey

Coronavirus to delay global recovery, cause oil surplus

- World GDP may contract by 1% in 1Q20, which would be first quarter-to-quarter contraction since 1Q09

14.02.2020 Downstream , Invesments , Energy Security , Asia

Trump proposes $188 million for offshore energy budget

- $26.5 million assigned to advance offshore renewable development

13.02.2020 Wind , Invesments , Americas

Turkish, US businesses to meet in Washington in April

- Bilateral meeting to focus on energy, infrastructure and construction, digital economy, tourism, defense industry

11.02.2020 Invesments , Turkey , Americas

BP increases hydrocarbon production in 4Q19

- Underlying replacement cost profit falls 25.7% in final quarter, declines 21.2% for full year of 2019

05.02.2020 Upstream , Invesments , Europe

Pakistan Stock Exchange loses 1,200 points

- Latest dive linked to high inflation reading and global equities slump

04.02.2020 Finance , Invesments , Stock Market , Asia

Turkey, Ukraine pledge steps to boost economic ties

- Turkish President Erdogan says Turkish contracting sector signed 184 projects worth total of $6.3B in Ukraine

04.02.2020 Finance , Invesments , International Relations , Turkey , Asia

Uzbekistan's gas production down 1.6% in 2019

- Central Asian country expects to increase gas production to 66 billion cubic meters per year in 2020

31.01.2020 Natural Gas , Oil , Invesments , Energy Security , Energy Projects , Asia

Saudi Aramco invests $5 million in blockchain firm

- By using blockchain technology, the firm aims to further develop its trading platform and expand into new markets

31.01.2020 Downstream , Invesments , Middle East-Africa

Oil revenues under threat for 1.3M Libyans: NOC head

- National Oil Company will not receive requested budget, which means billions less for Libyan people in future, Sanalla says

28.01.2020 Downstream , Invesments , Energy Projects , Middle East-Africa

Turkey set to break 2019 record in gold output in 2020

- Turkey has gone from zero production in 2000 to become the biggest producer in Europe: Turkish Gold Miners Assoc. President

28.01.2020 Projects , Invesments , Turkey

EIB loans €27M to Spain's Arteche for power innovation

- Arteche Group will focus on development of new technologies, solutions and products for the electric power industry

23.01.2020 Electricity , Invesments , Europe

Foreign investors eye Turkish start-ups

- Turkey has strategic location, impressive start-up scene, CEO of UK-based corporate advisor firm says

18.01.2020 Finance , Invesments , Turkey

S. Aramco nets extra $3.8 bln. after greenshoe option

- Aramco’s IPO is now worth $29.4 billion overtaking previous record holder; Chinese Alibaba

14.01.2020 Oil , Projects , Invesments , Energy Security , Energy Projects , Middle East-Africa

Danish firm to produce wind equip. with Turkish partner

- The joint venture company "Resolux Turkey" will begin production of wind turbine tower internals by end of January

08.01.2020 Renewable , Wind , Invesments , Turkey , Europe

Turkey's gold production breaks record in 2019

- Gold output rises 40% from 2018 to 38 tonnes, breaking previous record set in 2013

03.01.2020 Invesments , Turkey

We will have a say in future technology: Turkish leader

- President Erdogan reiterates Turkey’s determination to lead the way in cutting-edge technological innovation

01.01.2020 Invesments , Turkey

Turkey spearheads major high-tech developments in 2019

- Government takes major steps in technology, supports private sector, educational activities over course of year

31.12.2019 Invesments , Turkey

Highlights of Turkish energy market in 2019

- E. Med. drilling, completion of TurkStream and of Akkuyu NPP foundation, TANAP's Europe leg opening were hot topics in 2019

23.12.2019 Natural Gas , Oil , Renewable , Projects , Invesments , Energy Diplomacy , Energy Projects , Turkey

OPEC cuts disrupt planned oil projects worldwide

- 'Each time OPEC announces a cut, it affects planned projects across globe,' Dateline Energy Services CEO in Nigeria says

14.12.2019 Upstream , Invesments , Energy Projects , Middle East-Africa

EBRD to work on environmental action plan in Izmir

- The action plan involves investment program addressing the city’s most pressing environmental challenges

12.12.2019 Invesments , Turkey , Europe

Japan's Hamax to produce wind equipment in Turkey

- Turkey offers best location for selling products domestically and for expansion into European market: Hamax CEO says

11.12.2019 Renewable , Wind , Projects , Invesments , Turkey , Asia

Iran needs investments to capitalize on new oil field

- World's third largest oil field in Khuzestan when operational will make Iran even stronger competitor to Saudi Arabia

11.12.2019 Oil , Invesments , International Relations , Energy Projects , Middle East-Africa

Turkey's fund to build $10B petchem & refinery facility

- Refinery in Ceyhan will help reduce Turkey's current account deficit by $1.5 billion annually

04.12.2019 Invesments

Oil giants' total income declines 56% in third quarter

- Top oil companies' total net income falls to $14.24 billion from $32.51 billion year-over-year

03.12.2019 Upstream , Invesments , Europe , Americas

US Thanksgiving travel volume to be highest in 14 years

- 55 million people are expected to travel this Thanksgiving weekend

29.11.2019 Downstream , Invesments , Americas

Saudi Aramco retail subscription hits $8.69 billion

- Retail portion of Saudi Aramco’s initial public offering is fully covered at 102%

29.11.2019 Upstream , Invesments , Middle East-Africa

Turkey gets $350M in funding for efficiency investments

- Fund made available to 4 Turkish banks that have channeled financing to energy efficiency investments in Turkey since 2015

27.11.2019 Invesments , Turkey

Islamic bank, Turkey to expand cooperation

- Islamic Development Bank Group and Turkish officials to sign deals worth $500M+ next week in Istanbul

21.11.2019 Invesments , Turkey

'Economic Leaders' gathering launches in Spain

- Annual forum kicks off under 'new dawn for the Mediterranean' motto, discussing cooperation in energy, automotive sectors

21.11.2019 Invesments

Saudi Aramco's income higher than 9 oil majors combined

- Firm's earnings more than total of ExxonMobil, Chevron, ConocoPhillips, BP, Royal Dutch Shell, Total, Eni, Equinor, Rosneft

21.11.2019 Downstream , Invesments , Europe , Americas , Middle East-Africa

Euro. Invest. Bank to end fossil fuel financing by 2021

- Part of EIB's plan to tackle climate change will see unlocking of €1 billion for sustainable investments to 2030

15.11.2019 Coal , Invesments

Taiwan to build $100 million steel factory in Turkey

- Factory, which will employ 300, will be located in industrial province of Kocaeli in Marmara region

13.11.2019 Finance , Invesments , Turkey , Asia

Turkey, Denmark work closely for offshore wind growth

- Work includes tender design & procedures, financial framework, port infrastructure, and road map: Danish Embassy Counselor

14.11.2019 Wind , Projects , Invesments , Turkey , Europe

EU says Iran nuclear talks will reconvene next week

Japan decides to release Fukushima wastewater into sea

Iran's Zarif calls Natanz incident 'nuclear terrorism'

Accident at atomic site 'nuclear terrorism': Iran

Spot market electricity prices for Wednesday, May 5

Turkey's daily power consumption up 13.8% on May 3

Spot market electricity prices for Monday, May 3

Ethiopia downplays Sudan’s threats over Nile dam

Turkey's daily power consumption down 9.45% on May 1

Turkey's electricity import bill down 83% in 1Q21

Spot market electricity prices for Thursday, April 29

Turkey's daily power consumption up 2.16% on April 27

Eni announces oil discovery in Western Desert of Egypt

US produces, consumes record high natural gas in 2019

Nigeria's president launches new gas pipeline project

OPEC holds first technical meeting with gas exporters

Spot market natural gas prices for Monday, March 8

Spot market natural gas prices for Sunday Aug. 23

Spot market natural gas prices for Monday, March 2

Spot market natural gas prices for Tuesday, Feb. 11

Spot market natural gas prices for Monday, May 3

Spot market natural gas prices for Tuesday, April 27

Spot market natural gas prices for Tuesday, March 16

Turkey's gas imports from Iran see sharp fall in 2020

Algerian LNG vessel arrives in Turkey on May 1

Spot market natural gas prices for Saturday, May 1

Turkey ranks 3rd worldwide with LNG import rises in '20

All LNG of Arctic LNG-2 sold for next 20 yrs: Novatek

Oil prices up by over 2% for week ending April 2

Indonesia's Balongan refinery rocked by massive blast

ExxonMobil makes first discovery offshore Suriname

Rosneft income falls 77%, revenue down 51% in 2Q20

US oil rig count rises by 2 for week ending Jan. 22

ExxonMobil makes first discovery offshore Suriname

US oil rig count rises by four for week ending Oct. 9

Lundin upgrades Edvard Grieg field reserve estimates

Aramco, SABIC to realign petchems & fuel product sales

Turkey, TRNC ink oil, electricity cooperation protocols

Oil prices rally over demand recovery optimism

Oil prices up by over 2% for week ending April 2

Turkey's energy import bill up 20.8% in March 2021

Suez Canal traffic jam cleared, says Egypt

Oil prices up by over 2% for week ending April 2

Oil majors accelerate energy transition policies: Fitch

Global wind energy cost could fall by up to 49% by 2050

Solar, wind can meet world energy demand 100 times over

Cost of financing renewables shows significant fall

Turkey ranks as 5th biggest wind investor in Europe

Solar, wind can meet world energy demand 100 times over

Turkey's first mini solar tenders to be held next week

Cost of financing renewables shows significant fall

Oil-rich Saudi Arabia branches into solar power

Hydro provides majority of Norway's power in March

BP plans UK’s largest hydrogen project

Hydro provides most of Norway's power in February

China plans world’s biggest dam build on Tibetan river

Europe needs to build more wind farms for climate goals

Turkey in top 4 countries with geothermal capacity

Biomass can meet one-third of Turkey's annual power

EU approves €550M Danish aid to support biomass plants

Turkey unveils Economic Reform Action Plan

BP plans UK’s largest hydrogen project

US warns entities to abandon Nord Stream 2 gas pipeline

Turkey announces landmark new economic reform package

Turkey hopes for EBRD's support for new energy tech.

Turkey, TRNC ink oil, electricity cooperation protocols

Cost of financing renewables shows significant fall

Turkey to boost green bonds for more clean investment

Spot market natural gas prices for Monday, May 3

Spot market electricity prices for Wednesday, May 5

Turkey's daily power consumption up 13.8% on May 3

IMF revises down Saudi economic growth to 2.1% for 2021

Oil up on US inventory fall, UK vaccine approval

Fitch reduces oil price forecast due to higher supply

S. Arabia, Iraq discuss efforts to stabilize oil market

US crude oil inventories fall for week ending Aug. 14

Spot market electricity prices for Friday, Dec. 4

24/7 power with Turkey’s new mobile monitoring system

Turkey's daily power consumption up 3.28% on Sept. 8

Sudan: Flashpoint Ethiopian dam not related to floods