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Türkiye has potential for 27 GW of offshore wind by 2050, World Bank says

- "Türkiye has a really remarkably robust onshore wind supply chain," says principal renewable energy specialist at International Finance Corporation

07.11.2024 Wind

Global offshore wind capacity rises 24% in 2023, second-highest growth in offshore wind history

- By end of 2023, installed capacity in Asia and Europe totals 41 GW and 34 GW, respectively

26.06.2024 Electricity Finance

TotalEnergies reports almost $5.7 billion profit in 1Q24

- Company’s revenue for January–March period reaches $51.8 billion, compared to $58.3 billion for same quarter of 2023

26.04.2024 Oil

Norway’s Equinor reports almost $2.67 billion net loss in 1Q24

- Company’s revenue for January–March period totals $25.13 billion, compared to $29.22 billion for same quarter last year

25.04.2024 Oil Finance

Denmark announces biggest offshore wind tender in its history

New offshore wind tender mandates minimum of 6 GW capacity although developers are free to exceed this limit, potentially reaching 10 GW

22.04.2024 Wind

China discovers 100 million tons of oil reserve in South China Sea

- Exploratory well produces an average of approx. 7,680 barrels of crude oil and 0.52 million cubic feet of natural gas per day

08.03.2024 Oil

Danish energy group Orsted signs MoU for offshore wind with South Korean city

Massive 1.6 GW offshore wind farm has potential to provide renewable energy to over 1 million Korean households and reduce carbon emissions by around 4 million tonnes annually

22.02.2024 Wind

Offshore wind farm giant Orsted exits markets in Norway, Spain and Portugal

Exiting several offshore markets, Orsted says it will refocus activities in US

07.02.2024 Wind

UK raises maximum auction bid prices for renewables projects

- UK targets up to 50 gigawatts of offshore wind by 2030

16.11.2023 Renewable Finance Europe

Russian oil and gas revenues down 38% in Jan-August 2023

- Oil and natural gas revenues decline to 4.8 trillion rubles due to lower prices and sale volumes

05.09.2023 Natural Gas Oil Türkiye

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Australian union set to strike at major Chevron LNG facilities from Sept. 7

- Workers on Chevron's two facilities to commence strike for several key rights, including wages, job security, rosters, working of overcycle and training standards

29.08.2023 News from companies World Europe

Northern Star's net profit up 29% in year up to June

- Company's revenue also rises to $4.1 billion from around $3.8 billion year on year

25.08.2023 Finance World

Hywind Tampen, world's largest floating offshore wind farm officially opens in Norway

- 88-megawatt capacity wind farm expected to reduce CO2 emissions by 200,000 tons annually from key oil and gas producers in North Sea

23.08.2023 Electricity Finance

BHP's attributable profit down 58% in 1H23

- Company's revenue also drops to $53.8 billion from around $65.1 billion year on year

22.08.2023 Finance World

Rio Tinto's income declines 43% in 1H23

-Company's net income falls to $5.1 billion during first half of 2023 and sales revenue to around $26.7 billion

28.07.2023 Finance Europe

Equinor's income declines 41% in 1H23

- Company's revenue also drops to $22.9 billion from around $29.2 billion quarter on quarter, and $36.5 billion year over year

28.07.2023 Finance Europe

TotalEnergies income declines 9% in 1H23

- Company’s revenue also drops to 51.4 billion from around $58.3 billion quarter-on-quarter, and $70.4 billion year-over-year

28.07.2023 Finance World Europe

TotalEnergies, bp win $14B bid to develop offshore wind farms in Germany

- TotalEnergies and bp will build project with 3,000 megawatts and 4,000 megawatts of offshore wind power capacity, respectively in North Sea and Baltic Sea

13.07.2023 Wind Europe

Russia's April oil revenue up, exposing shortcomings in oil price cap

- Russia earns estimated €58 billion in export revenue from seaborne oil since EU import bans and imposition of price caps

24.05.2023 Oil Eurasia

Russian oil and gas revenues down by 52% in January-April 2023

- Ministry attributes revenue decline in first four months to price fall of its flagship crude Urals oil blend, drop of natural gas exports

11.05.2023 Natural Gas Oil Eurasia

US set to triple nuclear power goal by 2050

Farmers should not foot bill for climate change or green transition: Hungarian premier

In a first, Japan retrieves tiny amount of melted fuel from crippled Fukushima nuclear plant

Nuclear reactor in Japan shuts days after restart since 2011

Türkiye's daily power consumption down 1.8% on April 26

Türkiye's daily power consumption up 16.7% on May 22

Türkiye's daily power consumption increases 1.2% on May 10

Spot market electricity prices for Saturday, April 15

Spot market electricity prices for Monday, Nov. 11

Türkiye's daily power consumption down 4% on Nov. 9

Türkiye's daily power consumption down 5.36% on Nov. 2

Türkiye's daily power consumption up 12.8% on Oct. 30

Spot market natural gas prices for Tuesday, Nov. 5

Global natural gas investments to reach almost $9 trillion by 2050

Spot market natural gas prices for Thursday, Jan. 5

Turkish president announces more gas reserves found in Black Sea

Costs double as oil and gas discoveries decline in global markets

Global gas production to increase by around 32% by 2050

Spot market natural gas prices for Friday, Dec. 29

Türkiye to increase capacity of gas storage facility in Istanbul to 5.6 bcm, says energy minister

TotalEnergies and China's Sinopec sign multiyear LNG supply agreement

Türkiye's LPG production down 14.2% in August

Algerian LNG vessel to arrive in Türkiye on Oct 19

Algerian LNG vessel to arrive in Türkiye on Oct. 10

Oil production in Türkiye's eastern region breaks first record in 2024

Oil up in w/e Dec. 15 on demand optimism, central bank interest rate decisions

US crude oil inventories down 1% for week ending Dec. 8

US oil rig count up for week ending Dec. 8

US oil rig count down by 6 for week ending June 28

Oil dives as weak US inflation data dashes hopes for interest rate cuts

Oil rebounds over US plans to refill emergency stockpiles

US crude oil inventories down 1% for week ending Dec. 1

Oil prices up on expectations of supply delay from OPEC+, recession fears in US

Oil prices rise in week ending Aug.30 amid falling US inventories

US oil rig count down by 2 for week ending Aug 16

Türkiye's oil imports up 11.08% in February 2024

Türkiye has potential for 27 GW of offshore wind by 2050, World Bank says

Türkiye’s wind energy industry has potential to reach $8B in 2035

Global renewables jobs reach 16.2 million in 2023 with highest yearly rise

Wind, solar overtake EU fossil fuels in 1H24, Ember reports

QatarEnergy, TotalEnergies partner for 1.25GW solar project in Iraq

Global renewables jobs reach 16.2 million in 2023 with highest yearly rise

UK bank provides €249 million to support Turkish Kalyon Enerji's solar project

Wind, solar overtake EU fossil fuels in 1H24, Ember reports

TotalEnergies expands renewables portfolio with hydropower deals across Africa

Türkiye leads Europe with highest rise in hydropower capacity last year

Hydro provides majority of Norway's power in January

$41bn to be invested in green hydrogen and renewable energy in Egypt over 10 years

Climate crisis to push 150M more Africans into poverty by 2050, experts warn

Taiwan starts drilling of 1st deep geothermal well

Türkiye sets new record for daily power consumption with 1.34% increase on July 9

Türkiye requires new investments for development of geothermal sector

Energy giants pledge $500 million to tackle climate change

COP29 pushes for $1 trillion in climate financing for developing nations

European bank reveals Türkiye investment strategy for next 5 years

Turkish energy min. highlights importance of cooperation for renewable energy finance

World faces critical need of $2T in annual climate financing

OPEC+ agrees to extend group-wide output cuts into 2025

Libya Energy & Economic Summit 2024 to kick off in Tripoli

OPEC+ countries announce daily voluntary output cuts by 2.2 million barrels

Brazil joins OPEC+ as group confirms 3.6 million barrels per day output cut

Spot market electricity prices for Sunday, Dec. 3

ExxonMobil drills first lithium well in Arkansas in aim to become major player in EV sector

Spot market electricity prices for Thursday, June 8

High rollout of electric vehicles could earn UK drivers £6.5B more by 2035

Spot market natural gas prices for Friday, Dec. 1

Turkey's daily power consumption down 0.77% on Oct. 23

Russian Lukoil starts Chashkino gas-turbine power plant

Gazprom posts 26% loss in 1H20

UN weather agency says 2024 on track to be warmest year on record

Climate Investment Funds grant $70 million to accelerate Türkiye's renewable energy integration

Vitol to invest $550 million in clean cooking technologies in Africa

Türkiye's daily power consumption down 1.8% on April 26

Türkiye's LPG production down 25% in April 2024

Türkiye's LPG production up 15% in December 2023

Türkiye's LPG production up 6.69% in November 2023

Türkiye's LPG production down 6.3% in October

Israel continues "unlawful" approach to Palestinian natural resources

EU adopts 14th package of Russia sanctions

Suez Canal revenue drops 50% amid Red Sea tensions: Egyptian President