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Turkey needs to invest $7B yearly for energy transition

- Annually investment volume varies from $5.3B to $7B by 2030, requiring average annual financing of $3.6-4.5B, report finds

04.10.2019 Renewable , Invesments , Turkey

EBRD to introduce new energy efficiency finance model

- Bank is working on a new financing mechanism for energy efficiency investments in Turkey, official says

01.10.2019 Electricity , Invesments , Turkey

- ‘Turkey wants to be producer of new technologies’

- Turkey wants to be producer of new technologies, not the market, says Turkish Vice President

23.09.2019 Finance , Projects , Invesments , Turkey

S. Arabia, Greek Cypriots seek to boost bilateral ties

- "We need to take advantage of the economic opportunities that our two countries offer": Saudi Foreign Minister

13.09.2019 Invesments , Energy Security , International Relations , Middle East-Africa

'Turkey seeking stronger post-Brexit trade with UK'

- UK is the second-largest destination for Turkish exports, according to TurkStat

11.09.2019 Finance , Invesments , Eurasia

Turkey, US aim to achieve trade target in balanced way

- US Commerce Secretary Ross says $100B mutual trade volume target with Turkey to consist of $50B on each side

10.09.2019 Finance , Invesments , Turkey , Americas

EBRD utterly commits to Turkey for long-term

- Bank sees potential of Turkey and aims to be part of country's success story, head of EBRD says

11.09.2019 Finance , Invesments , Turkey

Turkey expects more Czech investments: Trade minister

- Obstacles must be removed for raising bilateral trade between Turkey and Czechia, Ruhsar Pekcan says

04.09.2019 Finance , Invesments , Turkey , Europe

Zohr gas field's total investments reach $10.6 billion

- The 13th well at Zohr field will be ready for production in October: Egypt Oil & Gas

29.08.2019 Natural Gas , Invesments , Energy Projects , Middle East-Africa

Oil giants' total revenue, income decline in 1H19

- Top oil companies' total net income falls by more than 11% in first half of 2019

29.08.2019 Upstream , Invesments , Asia , Americas

BP to quit most prolific oilfield in US history

- Oil major to sell entire Alaska business for $5.6 billion

29.08.2019 Upstream , Invesments , Energy Projects , Europe , Americas

Turkey, Mexico begin free trade deal talks: Trade body

- Turkey's Trade Ministry plans to visit Mexico in fall with larger business delegation

28.08.2019 Invesments , Turkey , Americas

Scotland funds £3.4 million for tidal energy project

- Two-megawatt O2 floating tidal energy turbine project to power more than 1,700 homes per year

26.08.2019 Hydro , Invesments , Europe

Scottish Hunterston B reactor given approval to restart

-Reactor 4 at Scotland's Hunterston B power station will restart while EDF Energy also awaits safety ruling for third reactor

21.08.2019 Nuclear , Invesments , Turkey

UK backs clean energy projects in S. Africa with £14M

- Projects expected to power nearly 200,000 homes annually

20.08.2019 Renewable , Projects , Invesments , Middle East-Africa

Turkey's Naturel Energy Co. goes public

- Company's initial public offering on Monday is valued at around 70 million Turkish liras

09.08.2019 Solar , Invesments , Turkey

Battery, smart grid efficiency firms draw $1.7B in 1H19

- Investments in battery storage and efficiency companies rise while funding drops in smart grid firms in first half of 2019

07.08.2019 Renewable , Invesments , Asia , Americas

Taiwan emerges as new renewable energy center

- With innovative technologies and internationally-focused companies, Taiwan advances as new global renewables leader

25.07.2019 Renewable , Finance , Invesments , Asia

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

23.07.2019 Electricity , Coal , Invesments , Renewable , Asia , General

UK developing alternative to plastic with £209M fund

- Government hopes to reduce carbon impact by using plants instead of oils to make plastics

23.07.2019 Renewable , Invesments , Europe

Turkish parliament ratifies 11th development plan

- Country to attach importance to energy and development policies, says Vice President Fuat Oktay

20.07.2019 Invesments , Turkey

Solar farm in Spain receives €285 million investment

- New 500-megawatt plant to have enough to supply clean energy to 250,000 people

18.07.2019 Solar , Invesments , Europe

Oil gains weekly as dovish US Fed weakens dollar

- Federal Reserve's rate cut expectation lowers American dollar, and increases crude oil demand

13.07.2019 Upstream , Invesments , Americas

Lower global economic growth reduces oil demand: EIA

- Lower GDP growth expectation is one of main reasons for slower growth in global liquids consumption, US administration says

13.07.2019 Upstream , Invesments , Americas

Ghana and World Bank join to reduce carbon emissions

- Deforestation in Ghana driven by cocoa farm expansion, logging and illegal mining

10.07.2019 Renewable , Invesments , Middle East-Africa

Saudi Aramco awards oil, gas contracts worth $18B

- Company plans to boost Marjan and Berri fields’ output capacity by 550,000 barrels per day of oil

11.07.2019 Oil , Projects , Invesments , Middle East-Africa

Turkish Treasury borrows $2.15B through auctions

- Treasury and Finance Ministry holds 2 auctions for domestic markets to issue government bonds

09.07.2019 Invesments , Turkey

Kazakhstan aims to become Eurasian financial leader

- Roadmap focuses on improving institutional oversight, and expanding capital markets in both conventional and Islamic finance

06.07.2019 Projects , Invesments , International Relations , Eurasia , Asia

Scotland's green economy gets £10 million boost

- Electric bike hire schemes, electric bin lorries, zero-emission buses, community hydropower station among selected projects

03.07.2019 Renewable , Projects , Invesments , Europe

Turkish banker to be released from prison July 19

- Hakan Atilla will walk free from federal prison early for good behavior, says person close to matter

28.06.2019 Invesments , International Relations , Americas

UK backs carbon capture and storage progress with £26M

- Nine projects to receive between £170,000 and £7 million to advance carbon capture technology

28.06.2019 Renewable , Invesments , Europe

Canadian government approves $40 billion LNG project

- Project represents largest single private sector investment in country's history

26.06.2019 Lng/Lpg , Invesments , Energy Projects , Americas

UK offshore wind industry gains £100 million support

- First pilot opportunity expected in September with further programs starting early 2020

25.06.2019 Wind , Invesments , Europe

EBRD to invest €250M in Turkish energy sector in 2019

- Bank has every intention to maintain same levels of financing this year, EBRD director says

20.06.2019 Invesments , Turkey

Vestas receives its largest wind order in Brazil

- Project is expected to become operational during the second half of 2021

18.06.2019 Wind , Invesments , Americas , General

SOCAR Turkey finalizes acquisition of EWE Turkey

- 5 companies including natural gas distribution and telecommunication will start operations under umbrella of SOCAR Turkey

19.06.2019 Natural Gas , Invesments

Climate finance by development banks reach $43.1B

- Multilateral banks' $43.1 billion climate financing in 2018 rise to an all-time high, report says

14.06.2019 Invesments , World

Energy investments to increase in Norway in 2020

- New 2019 estimates are substantially adjusted upwards from previous survey and show growth compared to 2018

29.05.2019 Natural Gas , Oil , Invesments , Europe , General

EBRD, Turkish bank sign $112M financing agreement

- European, Turkish banks to jointly provide financing for Turkish businesses

29.05.2019 Projects , Invesments , Turkey

Google to invest €600M in new data center in Finland

- New facility will be located in Hamina, where American tech giant previously opened data center in 2011

29.05.2019 Invesments , Europe , Americas , General

Turkey to form Energy Fund for $2B non-performing loans

- Fund will initially include 4-5 natural gas and hydro power plants and scale up to $2 billion

25.05.2019 Invesments , Turkey

Oil giants' total net income, revenue decline in 1Q19

- Top oil companies' total income and revenue fall by more than 4% in the first quarter of this year

23.05.2019 Oil , Invesments , Eurasia , Americas

Scotland supporting electric biking with £1.14m fund

- 45 projects and 460 e-bikes, e-cargo bikes and e-trikes were funded in previous two rounds of scheme

17.05.2019 Projects , Invesments , Europe

Global energy investments rise by $1B after 3 year fall

- Oil, gas and coal supply spending increases, while fossil-fuel based generation and renewable power investments fall

14.05.2019 Natural Gas , Oil , Renewable , Invesments

TurkStream on schedule as it nears completion

- Series of tests continues for safety and integrity of natural gas pipeline system before transmission by end of 2019

12.05.2019 Natural Gas , Finance , Invesments , General

EBRD invests $100M in Turkish energy firm

- Energy firm hopes to use European bank investment to move into wind farm, solar projects

10.05.2019 Invesments

Turkey, Bosnia sign revised free trade agreement

- 2 countries also sign memorandum of understanding on Sarajevo-Belgrade Highway Project

03.05.2019 Invesments , International Relations , Turkey

World Bank launches $50M fund to support clean mining

- Developing country govts. will be assisted to build policy, regulatory and legal framework to promote climate-smart mining

02.05.2019 Coal , Invesments , World

Buffett commits $10B to Occidental to acquire Anadarko

- Buffett's company Berkshire Hathaway levels the field for Occidental against energy major Chevron

01.05.2019 Invesments , Energy Projects , Americas

General Electric sees revenue loss, earnings rise in 1Q

- Net earnings reach $3.55 billion, but revenue falls to $27.29 billion in January-March period

01.05.2019 Invesments , Americas

Oil prices down with China's weak manufacturing data

- Manufacturing sector shows weakness in April, but Purchasing Managers' Index remains just above 50 to avoid contraction

30.04.2019 Invesments , Asia

UK supports smart energy solutions with £30M funding

-Country targets highly innovative, ambitious, local energy system designs that are investable and ready to roll out in 2020s

30.04.2019 Renewable , Invesments , Europe

Chevron revenue, income decline in 1Q19

- Net income falls 27.2%, while revenue dips 6.8% year-over-year

29.04.2019 Invesments , Energy Projects , Americas

Canada's Valeura Energy encouraged by Thrace gas find

- Devepinar-1 well drilled to 4,796 meters, approx. 500 meters deeper than originally planned due to significant gas shows

27.04.2019 Natural Gas , Invesments , Energy Diplomacy , Turkey , Americas , General

Ford invests $500M in all-new battery electric vehicle

- Latest investment is in addition to Ford’s existing plans to develop a portfolio of battery electric vehicles

26.04.2019 Electricity , Invesments , Americas

China could support low carbon growth by greening BRI

- By greening Belt and Road Initiative, China could help two-thirds of world’s population in move to low carbon transition

23.04.2019 Invesments , Renewable , Asia

Schlumberger's net income falls 20% in 1Q19

- Net income decreases to $421 million in first quarter of year, from $525 million for same period a year ago

20.04.2019 Upstream , Invesments , Americas

Equinor invests in new oil platform in Azerbaijan

- Equinor & partners agree $6 billion investment to build platform in offshore Azeri Chirag Gunashli oilfield in Caspian Sea

20.04.2019 Invesments , Europe , Eurasia , General

$170M to help battery tech Co. improve li-ion batteries

- Sila Nano plans to supply first commercial customers in consumer electronics within next year

18.04.2019 Electricity , Invesments , General

Germany, Norway open offshore wind farm in Baltic Sea

- Arkona wind farm has capacity to supply renewable energy to 400,000 homes

17.04.2019 Wind , Invesments , Energy Projects , Europe

US crude oil production more than doubles in decade

- Since shale oil revolution in 2008, US sees annual crude production grow by 119%

16.04.2019 Upstream , Invesments , Energy Projects , Americas

Turkey set to invest $11B in energy efficiency

- Country also hopes to cutmarc primary energy consumption 14%, says deputy energy and natural resources minister

10.04.2019 Renewable , Finance , Projects , Invesments , Renewable , Europe

Renewables, electrification can reduce 75% of emissions

- IRENA's new report finds every dollar spent on energy transition will pay off by up to seven times

10.04.2019 Finance , Projects , Invesments , Renewable , World , Turkey , Europe

Saudi Arkad wins tender to build gas p/line in Bulgaria

- Saudi-led consortium wins contract to lay pipeline in Bulgaria to transport Russian natural gas

09.04.2019 Natural Gas , Invesments , Turkey , Europe , General

UK minister resigns amid Brexit row with government

- Minister for Wales and government whip Nigel Adams resigns after PM May's decision to start Brexit talks with opposition

03.04.2019 Finance , Invesments , Europe

Turkey, EU chambers and exchanges to work together

- Chambers and commodity exchanges to focus on digitalization, agriculture, women entrepreneurship and SMEs

03.04.2019 Invesments , Turkey , Europe

African free trade zone gets final needed approval

- Parliament of Gambia approves ratification of massive new $3 trillion African Continental Free Trade Area agreement

03.04.2019 Invesments

Upcoming no-election period chance for reforms: TUSIAD

- Turkish business body says tight monetary and budget policies should be a priority for economic confidence environment

01.04.2019 Finance , Invesments , Energy Diplomacy

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

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

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, 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

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

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

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

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

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

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

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

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

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

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

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 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

Turkish shipping industry blossomed in 16 years:Erdogan

- President Recep Tayyip Erdogan speaks at launch ceremony for test and training ship in Istanbul

11.02.2019 Invesments , Energy Diplomacy , Turkey

US oil producer Apache cuts budget expenditure for 2019

- Company lowers capital budget for this year to $2.4 billion, from previous plan of $3 billion

09.02.2019 Upstream , Invesments , Americas

Total SA income, revenue rise through record production

- Hydrocarbon production reaches record level of 2.8 million barrels oil equivalent per day in 2018, up 8.9 percent from 2017

08.02.2019 Invesments , Europe

ExxonMobil, Qatar Petr. to invest $10B for LNG exports

- Golden Pass LNG export project to have annual LNG production capacity of around 16 million tons

07.02.2019 Lng/Lpg , Invesments , Asia , Americas

Chevron revenue, earnings increase in 4Q18

- Earnings jump 19 percent and revenue rises 11 percent

05.02.2019 Upstream , Invesments , Americas

ExxonMobil earnings fall, revenue rises in 4th qtr. '18

- Earnings down 28 percent, but revenue up 8 percent

04.02.2019 Invesments , Americas

Chevron agrees to buy Texas refinery for $350 million

- Refinery can process 110,000 barrels a day of light crude and has storage capacity of 5.1 million barrels of oil products

01.02.2019 Refining/Petro Chemistry , Invesments , Americas

Equinor completes acquisition of Danske Commodities

- DC will operate under its own name with more collaboration in relevant commercial and operational activities with Equinor

01.02.2019 Invesments , Europe , General

Eaton Corp. buys 82% share in Turkey's Ulusoy Elektrik

- Share purchase price is approximately $214 million on a cash and debt-free basis

01.02.2019 Electricity , Invesments , Stock Market , Turkey , General

ConocoPhillips sees net income, revenue rise in 4Q18

- Revenue and net income increase by more than 18 percent in final quarter of 2018

01.02.2019 Upstream , Invesments , Americas

Shell posts over 40 percent income rise in 4th qtr.

- Company sees a 46.7 percent jump in net income

01.02.2019 Invesments , Europe

Hess posts capex rise, net loss reduction in 4th qtr.

- Company's portfolio is forecast to have break-even Brent price of less than $40 per barrel by 2025, CEO says

01.02.2019 Upstream , Invesments , Americas

ExxonMobil to begin major refinery expansion in Texas

- New unit to increase crude refining capacity by more than 65 percent, or 250,000 barrels per day

31.01.2019 Refining/Petro Chemistry , Invesments , Americas

BP invests $5M in US firm for artificial intelligence

- The technology will apply machine learning and cognitive computing in BP's oil and gas businesses

30.01.2019 Upstream , Invesments , Europe , Americas

Valeura reports good results in Turkey's Inanli-1 well

- Positive test well results for gas in Thrace Basin boosts Valeura's confidence in Turkey

29.01.2019 Natural Gas , Invesments , Turkey , Americas , General

EBRD arranges €150M loan for Ukraine's largest wind farm

- 250-MW wind farm will be built in Kherson region of southern Ukraine

25.01.2019 Projects , Invesments , Energy Projects , Europe

European bank to invest about €1B in Turkey in 2019

- Bank praises country's strong economic fundamentals and young demographics

23.01.2019 Invesments , Turkey , Europe , Eurasia , General

Landmark Canakkale bridge to be completed in 2022

- Turkish Parliament Speaker Binali Yildirim lauds the project saying it will be completed earlier than planned

20.01.2019 Invesments , Turkey , General

Turkey no. 2 country setting up firms in Uzbekistan

- Turkey founded 364 companies in Central Asian country in 2018, second only to Russia

16.01.2019 Finance , Invesments , Asia , General

Trans Adriatic Pipeline completes financing of €3.9 bln

- The amount is largest project finance agreed for a European infrastructure project in 2018

13.01.2019 Natural Gas , Invesments

Turkey's daily power consumption up 2.90% on Oct.15

Turkey to restructure $10 billion energy finance in '19

EDF adds further €1.5 bln to French nuke plant costs

Belarus may reduce natural gas imports from Russia

Turkey's daily power consumption down 0.04% on Oct.17

Turkey's daily power consumption up 2.90% on Oct.15

Turkey to restructure $10 billion energy finance in '19

Spot market electricity prices for Saturday, Oct. 5

Turkey's daily power consumption up 2.90% on Oct.15

Turkey to restructure $10 billion energy finance in '19

Turkey's daily power consumption down 0.44% on Oct. 4

Turkey's licensed power generation falls 3.41% in July

Valeura's Turkey activities unaffected by Syria operation

Turkey slams trilateral summit on Cyprus issue

Turkish drillship Yavuz reaches Guzelyurt-1 location

Record US gas production pushes prices to 20-year lows

Turkey starts producing oil with fracking: Erdogan

Oil shale has dominant role in Estonia’s energy mix: IEA

Abu Dhabi launches bid round 2 for 5 exploration blocks

‘Ankara to always protect Turkish Cypriots’ rights’

Study shows Turkey is natural gas ready for winter

Spot market natural gas prices for Tuesday, Sept 10

Gas vehicles are cheaper, cleaner, better: Gazprom

Turkey hits LNG import record in 1H19, US LNG soars

Total launches its first large LNG bunker vessel

Russia's LNG exports up 48.9% in Jan-Aug

Qatar to store more than 5M tons of CO2 a year by 2025

Turkey's LPG imports down over 2.14% in July 2019

US crude oil production remains at record high level

Valeura's Turkey activities unaffected by Syria operation

Gulf of Mexico crude production to continue records: EIA

Oil demand to fall in early 2020 before recovery: Report

Oil heads for 5% weekly loss with weak data, low demand

Oil recovers after weak US data prompts slowdown

France to send experts for probe of Saudi oil attack

World to focus on climate summit amid oil tensions

Oil posts mixed week amid refinery maintenance season

Oil down as China posts lowest growth in three decades

US crude oil production remains at record high level

Brent price down with high crude inventory build in US

Baku-Tbilisi-Ceyhan pipeline delivers 3.3 bbl of oil

Ecuador to leave OPEC on January 1st: Energy Ministry

Oil prices decline as Saudis restore majority of output

Kirkuk-Ceyhan oil pipeline Turkey's strategic priority

Turkey aims 20,000 MW wind capacity by 2023: TWEA head

AA energy desk to host Turkey's Wind Energy Assoc. head

Significant uncertainty over Europe wind power capacity

UK seeking stronger post-Brexit trade with Turkey

UK seeking stronger post-Brexit trade with Turkey

Eni boosts investments in Australian solar projects

Google to expand global wind, solar stake via 18 deals

Global renewable power additions to jump 12% in '19: IEA

Hydro provides virtually all of Norway's power in August

Hydro leads in providing most of Norway's power in July

Scotland funds £3.4 million for tidal energy project

Hydro leads in providing most of Norway's power in June

World needs more energy with less emission

Global climate strikers to meet online

3 banks to co-finance Turkey’s largest geothermal plant

Biogas shows potential to reduce emissions by 13%

Gulf of Mexico crude production to continue records: EIA

Turkey strengthens academia-industry cooperation

Qatar to store more than 5M tons of CO2 a year by 2025

Significant uncertainty over Europe wind power capacity

Turkey: Education, health top priorities of 2020 budget

Turkey aims 20,000 MW wind capacity by 2023: TWEA head

Turkey strengthens academia-industry cooperation

S. Arabia and Russia to boost energy cooperation

Oil posts mixed week amid refinery maintenance season

Oil down as China posts lowest growth in three decades

Turkey's daily power consumption down 0.04% on Oct.17

Brent price down with high crude inventory build in US

Hydraulic fracturing sees Turkey enter new energy era

Turkey's crude oil imports up 15.53% in June

Brent to average $69.50 in 2H19: Wood Mackenzie

US crude export levels and destinations rise in 2018

Turkey's daily power consumption up 2.90% on Oct.15

Turkey to restructure $10 billion energy finance in '19

Spot market natural gas prices for Wednesday, Sept. 25

Top 10 wind turbine makers to spend €2.3B on R&D by 2023