Fuels
Saipem contracted to transport, install pipeline in Sakarya Gas Field
Italian multinational oilfield services company Saipem will transport and install pipelines for Turkey's Sakarya Gas Field located in Blacksea.
The company was awarded two new offshore contracts for transportation and installation activities for a total amount of over $600 million, Saipem announced on Nov. 15.
COP26: 190 Countries have Pledged to Abandon Coal
190 countries and international organizations have committed to giving up coal, it became clear at the International Climate Conference in Glasgow.
Behind the cause are large coal users such as Poland, Vietnam and Chile.
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China is Increasing Coal Production. Calls on the Population to Stock Up on Food
China is increasing its daily coal production by more than a million tons in the context of electricity shortages and at a time when leaders from around the world are negotiating in Glasgow on an agreement on how to save our planet from global warming, AFP reported.
Fuel Prices will Rise More by the End of the Year
Fuel prices will rise by another 10 cents by the end of the year, traders predict. The upward trend in prices is due to more expensive oil on international markets.
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Price Panic Risks Derailing Western Balkans’ Energy Transition
While fossil-generated gas accounts for only 20 percent of Europe's electricity, gas-fired power plants are increasing the price of electricity, thanks to higher demand, low renewable energy supplies and the global increase in coal prices.
The Market test for the Dioriga Gas begins
The market test phase for the project of FSRU (Floating Storage and Regasification Unit), of DIORIGA GAS A.E., of the Motor Oil group, begins.
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Turkey ready to cope with greater energy demand in winter. Minister
Turkey is in a good position in terms of energy supplies compared to European countries amid the energy crisis that has exposed low stocks and skyrocketing energy prices, according to Turkey's Minister of Energy and Natural Resources Fatih Dönmez on Oct. 13.
Turkey faces no gas supply problem: Minister
Thanks to recent investments in natural gas and electricity infrastructure, Turkey will not face any energy shortage in winter, Energy and Natural Resources Minister Fatih Dönmez has said.
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UK army to deliver petrol from Monday amid fuel crisis
The British army will begin delivering petrol to fuel stations on Oct. 4 after fears over tanker driver shortages led to panic buying and forced the government to offer visa waivers to foreign truckers to plug the shortfall.
Green Requirements will Pad costs of flying with 8 percent rise by 2050
Environmental regulations aimed at cutting the carbon footprint of aviation will increase the cost of flying by around 8% by 2050, according to the European Commission.
The EU executive tabled a package of energy and climate laws in July this year, aiming to halve the EU's carbon emissions by the end of the decade before reaching net-zero by 2050.