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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 Investments

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 , Investments , 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 , Investments , 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 , Investments , Europe , General

Oil down with weak Eurozone estimates, Chinese exports

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

08.03.2019 Upstream , Investments , 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 , Investments , 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 , Investments , 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 , Investments , 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 , Investments , 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 , Investments , 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 Investments , Türkiye , 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 , Investments , 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 Investments , 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 , Investments , 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 , Investments

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 , Investments , Türkiye

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 , Investments , 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 Investments , 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 , Investments , Türkiye , 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 Investments , Energy Diplomacy , Türkiye

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 , Investments , 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 Investments , 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 , Investments , Asia , Americas

Chevron revenue, earnings increase in 4Q18

- Earnings jump 19 percent and revenue rises 11 percent

05.02.2019 Upstream , Investments , Americas

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

- Earnings down 28 percent, but revenue up 8 percent

04.02.2019 Investments , 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 , Investments , 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 Investments , 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 , Investments , Stock Market , Türkiye , 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 , Investments , Americas

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

- Company sees a 46.7 percent jump in net income

01.02.2019 Investments , 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 , Investments , 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 , Investments , 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 , Investments , 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 , Investments , Türkiye , 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 , Investments , 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 Investments , Türkiye , 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 Investments , Türkiye , 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 , Investments , 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 , Investments

German strike grounds 600 flights affecting thousands

- Security staff at airports in Dusseldorf, Cologne/Bonn, Stuttgart walk out in pay dispute with employers

11.01.2019 Investments , Europe , General

Canadian firm gets investment for carbon removal tech.

- Carbon plants can be located in oil fields for enhanced oil recovery, says company

11.01.2019 Investments , Americas

Turkey to explore metallic minerals in Uzbekistan

- Final agreement for a 700-kilometer square mine site will be soon signed, deputy energy minister says

04.01.2019 Investments , Türkiye

Turkey: Manufacturing PMI at 44.2 in December

- Slowdown in output, new orders milder than in previous month, closely watched business survey shows

02.01.2019 Investments , Türkiye

US energy expenditures decline for fifth year: EIA

- Lower energy prices push expenditure down as total energy consumption remains virtually unchanged

28.12.2018 Electricity , Investments , Americas

STAR Refinery to market initial products in January

- Facility will help decrease Turkey's current account deficit by $1.5 billion per year

28.12.2018 Refining/Petro Chemistry , Investments

Turkish industrial capacity usage 74.1-pct in Dec.

- Capacity utilization rate of manufacturing industry stays unchanged versus previous month, Turkey's Central Bank says

26.12.2018 Investments , Türkiye , General

Qatar Petroleum to invest $20 billion in US

- "We think the US has a huge potential in production going forward," Qatari official says

18.12.2018 Lng/Lpg , Investments , Americas , Middle East-Africa

Oil, gas firms ready for low prices in 2019: WoodMac

- "Portfolios are set to weather low prices," a WoodMackenzie expert says

18.12.2018 Lng/Lpg , Upstream , Investments , Americas

Turkish FM criticizes 'unacceptable' sanctions on Qatar

- Qatar is becoming more self-sufficient every passing day by taking steps to diversify its economy, says Mevlut Cavusoglu

16.12.2018 Natural Gas , Investments , Türkiye

EBRD stops financing coal-related energy projects

- European development bank puts decarbonization at center of its new energy strategy for next five years

14.12.2018 Renewable , Finance , Projects , Investments , World , General

Finnish Neste to invest $1.6B in Singapore production

- Investment will extend Neste’s renewable product overall capacity in Singapore by up to 1.3 million tons per annum

12.12.2018 Oil , Investments , Asia , General

Siemens Gamesa, Enel Russia sign 201 MW wind deal

-Siemens Gamesa will supply 57 of its Siemens Gamesa 3.X platform turbines to the Kola wind farm

13.12.2018 Finance , Wind , Investments , Eurasia , General

US oil majors raise oil production outlook for 2019

- ConocoPhillips and Hess forecast production of more oil next year, while keeping their budgets flat

12.12.2018 Upstream , Investments , Americas

$1.2B investment for polypropylene facility in Turkey

- When operational, new polypropylene production facility in Adana will decrease Turkey's polypropylene imports

30.11.2018 Oil , Investments , Türkiye , Middle East-Africa , General

EU's renewable targets on track for decarbonization

- European Commission calls for net-zero greenhouse gas emissions by 2050 in its new decarbonization strategy

29.11.2018 Finance , Investments , Renewable , International Organization , General

Orsted to invest $30.2B in green energy by 2025

- Danish offshore wind giant sets new, ambitious targets including installed offshore wind capacity of over 30 GW by 2030

29.11.2018 Wind , Investments , Companies , Europe

General Motors to close five North America factories

- Company to also cut salaried workforce by 15 percent

27.11.2018 Investments

Turkey, Sudan sign range of bilateral agreements

- Agreements are signed during visit to Khartoum by Turkish Vice President Fuat Oktay

21.11.2018 Investments , International Relations

Russia grants €3B for corridor project:Iranian minister

- International North-South Transport Corridor to link India, Russia, Iran, Europe and Central Asia

21.11.2018 Investments , Middle East-Africa

Norway's Equinor to invest in reducing carbon footprint

- Equinor is prepared to pay for the protection of tropical forests

21.11.2018 Investments , Europe , General

Turkish firm to lay 750 km power line in Afghanistan

- $1.6 billion project to supply 1000 MW of electricity each to Afghanistan, Pakistan

08.11.2018 Electricity , Investments , Türkiye , Asia

South Africa joins International Energy Agency family

- South Africa is the first sub-Saharan African country to institutionalize its engagement with the IEA

07.11.2018 Investments , International Organization , Middle East-Africa , General

Pakistan, China agree to trade in yuan

- Move would help both countries get rid of US dollar in bilateral trade, including for China-Pakistan Economic Corridor

06.11.2018 Investments , Asia

EBRD completely closes door on coal financing

- We are very clear in our new five-year strategy that we will no longer support coal, says EBRD managing director

03.11.2018 Coal , Investments

Istanbul Airport, 'world's new hub,' officially opened

- President Erdogan says Istanbul Airport to be model to world with its architecture, construction, operation, and financing

30.10.2018 Finance , Projects , Investments , Türkiye

Ankara, Berlin ink joint economic, trade committee deal

- Agreement aims to boost bilateral trade, investments, and cooperation in the field of industry, energy and tourism.

26.10.2018 Finance , Investments , Türkiye , Europe , General

Turkish-Senegalese trade deal under fire

- Some of President Macky Sall's rivals in next year's polls urge cancellation of deal with Turkish firm

26.10.2018 Finance , Investments , Türkiye , Middle East-Africa , General

German offshore wind farm Arkona built in 'record' time

- The 385 MW wind farm located 35 km north of Rugen Island plans to power around 400,000 households in the region

25.10.2018 Wind , Investments , Europe , General

Upstream players must spend more to meet future demand

- New research shows investment in oil and gas needs to increase by 20 percent to sustain growth into next decade

25.10.2018 Natural Gas , Oil , Investments , General

Turkish state energy companies to invest $1.5B in 2019

- Eight energy companies will make investments totaling 8.40 billion Turkish liras

18.10.2018 Investments , Türkiye , General

Turkey, Romania agree to increase trade to $10 billion

- President Erdogan says Ankara continues to support investments in Romania, where over 15,000 Turkish firms are active

16.10.2018 Investments

Branson halts Saudi business talks over Khashoggi case

- UK billionaire suspends discussions with Saudi government on $1 billion investment after Jamal Khashoggi’s disappearance

12.10.2018 Investments , Europe , Americas , Middle East-Africa

Turkey opens up 7 coalfields to private investors

- Production area of 203 million tons of coal will generate $3.5 billion in public revenue, says Turkish Energy Minister

12.10.2018 Coal , Investments , Türkiye

Equinor cuts $3.6 bln. off project investment estimates

- Decrease is mainly a result of increased drilling efficiency, simplification and high-quality project implementation, says official

09.10.2018 Investments , Europe , General

Industry needed to escape middle-income trap: Economist

- Nations can only be successful with effective industrial policies, says Istanbul University economist Murat Yulek

09.10.2018 Investments , General

Carmaker Oyak Renault to build new factory in Turkey

- For first time aluminum engines will be made in Turkey, says Turkish technology minister

05.10.2018 Investments , Türkiye , General

Time for new investment in Turkish energy: SOCAR Turkey

- New partnerships will allow Turkish firms to overcome hardships while availing of investment opportunities: SOCAR Turkey CEO

05.10.2018 Solar , Investments , Türkiye

Vattenfall to provide climate-smart energy in France

- Vattenfall will now offer retail customers climate-smart electricity and gas supplies at competitive prices

02.10.2018 Finance , Investments , Renewable , General

Ronesans Holding inks deal for Ceyhan industrial zone

- Ronesans Holding partners with Port of Rotterdam to develop petrochemicals in Ceyhan Mega Petrochemical Industrial Zone

21.09.2018 Investments , Türkiye , Europe

Global poverty falls to record low: World Bank

- Extreme poverty under 9 percent in 2018, according to preliminary forecast

20.09.2018 Investments , World , General

Erdogan meets representatives of US companies in Turkey

- Strategic cooperation with US will be further strengthened via investment, trade despite ups and downs, president says

20.09.2018 Finance , Investments , Türkiye , Americas

OMW joins Dow Jones Sustainability Index

- Oil and gas company OMV is the only Austrian company to join the Down Jones Sustainability Index

20.09.2018 Natural Gas , Oil , Finance , Investments , General

UK hits 20 gigawatts of wind generation capacity

- Opening of Orsted’s 659 MW Walney Extension off coast of Cumbria in September pushes total capacity over 20-gigawatt mark

19.09.2018 Wind , Investments , Europe , General

Chinese tech giant Xiaomi opens store in Istanbul

- Over 160 Xiaomi products including smartphones, accessories, computers and home devices are sold at store

17.09.2018 Investments , Türkiye , Asia

Austria's OMV partners with Malaysia's Sapura Energy

- The partnership is expected to develop OMV’s activities in South East Asia, OMV says

13.09.2018 Investments , Europe , Asia

EBRD loans $102 million to Turkey’s Akfen Renewables

- The new financing demonstrates the EBRD’s commitment to the Turkish economy, the bank says

12.09.2018 Renewable , Finance , Investments , Türkiye

Turkerler to invest up to $1B. in Manisa's geothermal

- Turkey's Turkerler conglomerate to create 248 megawatts of geothermal energy capacity in Aegean city of Manisa

07.09.2018 Geothermal/Biomass , Investments

SOCAR, Uniper to partner in energy efficiency projects

- The two companies sign an agreement in Baku during Angela Merkel’s trip to Azerbaijan on Saturday

28.08.2018 Natural Gas , Oil , Investments , Europe , Eurasia

Enel starts construction of 34 MW solar plant in Zambia

- The company plans to invest $40 million for its first power plant project in southern Zambia

24.08.2018 Solar , Investments , Middle East-Africa

China investing heavily in European wind

- Asian superpower invested $6.8 billion in Europe from 2011 to 2017, according to recent IEEFA report

22.08.2018 Wind , Investments , Europe , Asia , General

UK billionaire to invest $1B in Australia's renewables

- UK Industrialist will invest in Cultana Solar Project with 780,000 solar panels to generate electricity for 96,000 homes

16.08.2018 Investments , Renewable , Asia , General

Turkish Tekfen, Saudi Aramco sign $590M agreement

- Company to build pipelines for giant energy plant in eastern Saudi Arabia

01.08.2018 Investments , Türkiye , Middle East-Africa

BP to acquire BHP’s onshore assets in US for $10.5 bln.

- Under agreement terms, BP will acquire entire interest in Permian, Eagle Ford and Haynesville onshore oil and gas assets

27.07.2018 Investments , Europe , Americas , General

Iberian peninsula to better integrate in EU energy mkt.

- EU aims to end energy isolation of this part of Europe via talks and agreements at Lisbon Summit, European Commission says

27.07.2018 Investments , Energy Diplomacy , Europe

Chinese bank to loan $3.6 billion to Turkey

- Loan to be used by private sector, public institutions and banks, says Turkish ministar

28.07.2018 Investments , Türkiye , Asia

Europe adds 4.5 GW of wind energy in first half of 2018

- Germany, France and Denmark drive 3.3 gigawatts of onshore wind in first half of 2018, WindEurope says

26.07.2018 Finance , Wind , Investments , Energy Projects , General

30 MW solar energy plant to be built in Turkey's Van

- Turkey's Akfen will invest $55 million in 30 MW solar energy power plant in Van to supply power to 30 thousand households

26.07.2018 Solar , Investments , Türkiye , General

European bank EBRD loans nearly $30M to Turkish firm

- Loan to support leasing finance for energy efficiency investments of Turkey's small and medium-sized enterprises

25.07.2018 Renewable , Investments , Europe

Africa becomes fossil-fueled thanks to 'rich' investors

- Nearly 60 percent of investments in Africa from 2014 through 2016 went to support fossil fuel development

23.07.2018 Investments , Middle East-Africa , General

Turkey privatizes Tortum hydro plant in Erzurum

- Tayfurlar Energy Electricity Production Corp. wins privatization tender for plant in Turkey's eastern Anatolia region

21.07.2018 Hydro , Investments , Türkiye

EIB loans €24 million for 2 wind farms in Greece

-European Investment Bank signs €24 million loan with Terna Energy to support construction, operation of two farms in north

19.07.2018 Wind , Projects , Investments , Europe

BMW Group to produce Mini electric cars in China

- German company forms joint venture with Chinese manufacturer Great Wall Motor to produce EV version of Mini

12.07.2018 Electricity , Investments , Europe , Asia

Tesla's supercharger global network up 72% since 2017

- The automaker currently has 1,320 superchargers worldwide

06.07.2018 Electricity , Investments , World , Türkiye , Europe , Asia , Americas

EBRD agrees up to €500M loan for Trans Adriatic P/line

- As final part of Southern Gas Corridor, TAP will deliver 10 billion cubic meters of Caspian gas to Europe

05.07.2018 Natural Gas , Investments

Sonatrach plans to boost gas by 50% with Er-Rar invest.

- Algerian company invests 64 billion dinars ($540 million) for Er-Rar field development in southeastern part of country

04.07.2018 Natural Gas , Investments , Middle East-Africa

Akkuyu nuclear plant tracks progress one year on

EU's production of nuclear heat down 1.3% in 2017

Turkish trade minister to visit Russia on Wednesday

Russia's Novovoronezh NPP II unit 2 reaches final stage

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

US coal exports hit 5-year high in 2018: EIA

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

Total inks interim deal for Oman's onshore gas block 12

BP commits $100M to reduce greenhouse gas emissions

Indian consortium to explore Abu Dhabi Onshore Block 1

Japan's Inpex wins Abu Dhabi onshore exploration bid

‘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

Total and partners sign agreement for Papua LNG project

Puerto Rico LNG imports return to pre-hurricane level

Novatek to supply gas to Repsol from Arctic LNG 2

Global LNG trade increases by 8.3% in 2018

Oil prices on rise with Libya tensions & supply cuts

US revises up oil price forecasts for 2019

Oil prices mixed as Brent crude hovers around $71

Brent oil above $70 a barrel with tight global supply

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

Saudi Aramco to buy 70 pct stake in petrochem. firm SABIC

ADNOC inks downstream MoUs with OMV, Borealis

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

Global oil supply falls in Feb. '19

London drivers face new emission charges

EC says Volkswagen, BMW, Daimler broke antitrust rules

EU sets 37.5% CO2 reduction target for new cars by 2030

US biofuels trade, prod. to remain stable through 2020

Engie, Tokyo Gas to establish renewables JV in Mexico

IEA lauds Sweden's energy policies in latest report

Amazon announces three new wind power projects

EC fines GE €52 million in relation to LM Wind takeover

Engie, Tokyo Gas to establish renewables JV in Mexico

Saudi Arabia to install more solar, wind energy by 2028

France's Engie inaugurates first mini-grid in Zambia

Statkraft, redT partner for solar, energy storage in UK

Norway produces 93.6% electricity from hydro in Feb. 19

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

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

Turkey set to invest $11B in energy efficiency

Renewables, electrification can reduce 75% of emissions

Venezuela to pay $8.7B compensation to ConocoPhillips

TurkStream's Kiyikoy receiving terminal 50% completed

Turkey set to invest $11B in energy efficiency

Renewables, electrification can reduce 75% of emissions

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

UK minister resigns amid Brexit row with government

US revises up oil price forecasts for 2019

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

Gazprom increases gas production by around 18% in first 8 months of year

Turkish-Russian presidents to launch TurkStream on Wed.

Domestic and renewables add 445 MW in Turkey in 1Q19

Turkish household gas consumption down by 12.3% in 2018

EU urges UK to justify Brexit extension

EU's Tusk offers UK 'flexible extension' for Brexit

Trump says US putting $11B worth of tariffs on EU goods

Turkey set to invest $11B in energy efficiency