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Tuesday, September 13 2011 , Your time is 15:58:00
OPEC decided on May 25 to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three years.
BRUSSELS - Agence France-Presse
European Union nations have agreed to help each other meet gas shortages in a severe crisis, officials said April 27 as they seek to depend less on Russia.
PARIS - Agence France-Presse
Supply and demand in the oil market are close to matching up, the IEA said on April 13, as landmark OPEC-led production cuts are mitigated by rising U.S. supply and slipping worldwide demand growth
LONDON - Reuters
Turkey is likely to require 25 percent less gas in 2030 than forecast by state-owned pipeline operator BOTAŞ as the government promotes renewable power and domestic coal use, a study showed on April 24.
Turkey has launched a process to hold a tender for a 1,000-megawatt (MW) capacity wind power plant at the end of July.
Genel Energy, the Iraqi Kurdistan-focused oil producer co-founded by former BP boss Tony Hayward, on April 24 named Stephen Whyte to succeed the retiring Hayward in June.
PARIS - Reuters
France’s oldest nuclear power reactor will stop electricity production by April 2020, once a new generation EPR reactor under construction in Flamanville is operational, according to a decree issued in the country’s official gazette on April 9.
Western partners of gas giant Gazprom agreed on April 24 to provide half the financing for the 9.5-billion euro ($10.32 billion) Nord Stream 2 pipeline, removing a big hurdle for a Russian plan to pump more gas to Europe.
Supply security, the prioritization of national resources and a predictable market will be the centerpieces of Turkey’s new national energy strategy, Energy Minister Berat Albayrak said at a press meeting on April 6.
Turkey started its seismic energy exploration in eastern Mediterranean on April 21 in line with the government’s “National Energy and Mining Policy,” state-run Anadolu Agency has reported.
A Prime Ministry circular has called on all public institutions to cooperate and coordinate effectively to complete the Turkish Stream pipeline project in the envisaged period of time
Iran’s President Hassan Rouhani inaugurated five new phases of the South Pars gas field on april 16, the result of some $20 billion in investment, local media reported
TEL AVIV - Reuters
European and Israeli governments gave their support on April 3 to moving forward with a Mediterranean pipeline project to carry natural gas from Israel to Europe, setting a target date of 2025 for completion.