Turkey’s third drillship arrived in Tasucu, Mersin, a coastal city in the Mediterranean region of the country on Sunday, the country’s energy minister said. Fatih Donmez said that the Turkish Petroleum Corporation took the ship into its inventory on Jan. 31 and it set off from the U.K. “We named …

The Coronavirus economic stimulus packages being drawn up by governments around the world should build-in “large scale” spending on clean energy technologies including wind, solar, green hydrogen and carbon capture and storage (CCS), says Fatih Birol, executive director of the International Energy Agency (IEA). Investment in renewables, said Birol, in …

Chairman of Iran-Iraq Joint Chamber of Commerce Yahya Al-e Es’hagh said that Iran’s export of products to neighboring Iraq is running despite some problems. He made the remarks in an interview with FNA on Sun. and added, “in spite of opening and closing Iranian and Iraqi borders repeatedly, Iran’s export …

Global oil spare production capacity could fall in April as Saudi Arabia and the UAE bring more supply to the market following the collapse of output restriction pact. “Global spare capacity will drop by 2-3 million bpd as most of the players with spare capacity will start ramping up their …

Head of the Coronavirus Control Operations HQ in Tehran said Saturday that the Iranian capital is getting ready for the next phase of battling the deadly virus this week. Alireza Zali, Head of the Coronavirus Control Operations HQ in Tehran, said the capital is about to enter the next phase …

The first commercial-scale use of high-temperature solid-oxide electrolysers (SOE) is set for a biofuel refinery in the Netherlands. SOE technology offers highly efficient green-hydrogen production — when using waste heat from nearby sources, it can produce four to six times as much H2 output per kWh as other types of …

The impact of coronavirus on global renewables markets could make 2020 the first “down year” for solar power capacity addition since the 1980s. This according to BloombergNEF, which has revised down its February global solar photovoltaic demand outlook for the year from between 121 gigawatts (GW) and 152GW to between …

In a reckless move characteristic of his leadership, Saudi Crown Prince Mohammad Bin Salman, known as MBS, spurred an oil crisis this week that cratered financial markets and could devastate American oil producers. After Saudi Arabia indicated it will massively ramp up oil production, oil prices experienced their biggest one …

American oil producers are slashing their budgets for new operations for the rest of this year, which means far fewer new rigs, a painful downturn for dozens of oil-field services companies and the certainty of layoffs, from Texas to North Dakota. Worldwide, the coronavirus pandemic has kneecapped the petroleum business, …

The storage capacity of Iran’s Offshore Oil Company, which is located on Siri Island of Hormuzgan province, in southern Iran will increase by 1 million barrels, said Ebrahim Alipour, Executor of the Iranian Offshore Oil Company’s overhaul project on the Siri Island, Trend reports citing the company’s website. According to …