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26.01.2016 09:54Turkey to Add 4.9 MWp of PV
Phoenix Solar AG and its Turkish partner, Asunim Yenilenebilir Enerji Teknolojileri, have been awarded an order by the Turkish government to build four photovoltaic power plants with a total capacity of 4.9 Megawatt peak (MWp) at the İncesu Industrial25.01.2016 11:42The EC Is Looking Forward for a Past-2019 Gas Transit Dialogue with Moscow, Kiev
The European Commission is looking forward to starting a trilateral discussion with Russia and Ukraine on framing the post-2019 period in terms of natural gas transit. A new transit protocol to bring the Russian gas through Ukraine will be needed22.01.2016 10:59Azerbaijan's Oil Exports Decreased in 2015 on Lower Production
Azerbaijan saw its oil exports drop 1.6 percent in 2015 compared with 2014. This was driven by a decreased oil production, Reuters reported, citing a source at the State Customs Committee who wished to remain anonymous. Last year Azerbaijan exported20.01.2016 14:04Gazprom: South Stream Agreement Dissolved (TASS)
The agreement on the South Stream gas pipeline project has been dissolved, Gazprom reported on Wednesday, as quoted by TASS. The company’s board of directors approved the agreements concluded by Gazprom with South Stream Transport B.V. to terminate19.01.2016 16:07EU invests EUR 217 Million in Energy Infrastructure
Today Member States agreed on a Commission proposal to invest EUR 217 million in key trans-European energy infrastructure projects, mainly in Central and South Eastern Europe. In total, 15 projects were selected following a call for proposals under19.01.2016 12:31Turkey to Invest 18 Bn Liras in Electricity Infrastructure Modernisation
Poor infrastructure is to blame for recent electricity cuts across Turkey, Energy Minister Berat Albayrak has said, noting that the government would modernize over 85 percent of the infrastructure for 18 billion Turkish liras. The minister said18.01.2016 17:13Oil Drops to 27 USDper Barrel After Iran Sanctions Lifted
Oil prices fell to their lowest since 2003 on Monday, as the market prepared for an increase in Iranian exports after the lifting of sanctions against the country over the weekend, reuters reported. Worries about Iran's return to an already glutted15.01.2016 14:30Oil Fell Below 30 Dollars per Barrel
Oil prices hit fresh multi-year lows Friday amid fears of what effect Iran flooding the market with crude will have on the commodity, CNBC reported. Iran is on track to ship 1.10 million barrels a day in January, a 20 per-cent rise on December,13.01.2016 13:47BP to Cut 4000 Jobs in 2016
Oil and gas major BP plans to lay off at least 4,000 workers in its exploration and production unit worldwide by the end of the year, cutting its workforce down to 20,000, according to a memo seen by Politico. That includes a reduction in the British12.01.2016 16:49Oil Glut Drags Down Power Prices in Europe
Oil extended declines from the lowest close in more than 12 years before U.S. government data forecast to show crude supplies expanded, exacerbating a global glut. Futures fell as much as 3.2 percent in New York after dropping 5.3 percent Monday,12.01.2016 13:04Oklahoma Earthquakes Raise Calls for restrictions on Energy Firms
Earthquakes in Oklahoma in the past week, including one of the strongest ever recorded in the state, have led to calls for the governor to make changes to oil and gas drilling regulations and reduce seismic activity scientists link to the energy12.01.2016 10:55Russia Not to Renew Power Supply Contract with Ukraine
Russia has decided not to prolong its contract for power supply to Ukraine, signed in 2014. The contract expired in end-2015. A separate contract for power supply to the Moscow-annexed Crimea peninsula was penned later on. Its renewal however was
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