Drilling is in, IHS Markit says, as resources rise
The industry drilled more wells in 2021 than 2020, IHS Markit has reported, with notable successes in high impact wells adding new resources.
Turkey
Crucial Iraq-Turkey oil pipeline knocked out by explosion sending oil prices higher
A key crude pipeline from Iraq to a Turkish port on the Mediterranean Sea was knocked out by an explosion on Tuesday, adding pressure to already tight oil markets and sending prices higher with oil extended gains in Asia from the highest close since 2014.
Wood lands contract for largest gas reserve in Turkey
Aberdeen-headquartered engineering giant Wood has won a contract working on the largest gas reserve in Turkey in the Black Sea.
Saipem lands offshore contracts totalling £446 million
Italian energy services company Saipem (IT: SPM) has landed two lucrative offshore contracts.
Guide: The polluting countries that could derail COP26 climate talks
More than 190 countries signed on the dotted line of the Paris Agreement in 2015, forming a new global consensus on the imperative to halt rising temperatures. The collective results since then haven’t been enough.
TPAO spuds exploration well in Black Sea
Turkey’s TPAO has begun drilling the Amasra-1 well, on the North Sakarya field.
Geopolitics threaten to derail East Med local development plans
Despite discussion around East Mediterranean’s gas having a global impact, it is locally that will be the most important, speakers at a recent event said.
Saudi, Qatar rulers embrace at Gulf summit as borders reopen
Qatar’s ruler landed in Saudi Arabia on Tuesday to a warm embrace from host Crown Prince Mohammed bin Salman, hours after their nations re-established travel ties and eased a longstanding regional dispute.
Sonelgaz, Gecol sign power deal
Algeria’s Sonelgaz has signed a memorandum of understanding (MoU) with Libyan power producer Gecol.
Turkey calls for Mediterranean gas exploration talks as EU considers sanctions
President Recep Tayyip Erdogan has called for negotiations over gas exploration rights for Turkey in the eastern Mediterranean as EU leaders consider sanctions.
Oil companies on track to discover 10billion barrels in 2020 despite pandemic – Rystad
Oil companies are on track to discover 10 billion barrels this year, despite the coronavirus pandemic temporarily halting exploration activity this spring, according to Rystad Energy.
TPAO spuds follow-up Black Sea well
Turkey’s TPAO has begun drilling the Türkali-1 well, the first deepwater exploration in the country’s waters.
Greece seeks halt to EU-Turkey customs union after vessel carries out seismic survey in disputed waters
Greece is stepping up diplomatic efforts to mobilize European Union partners against Turkey, as Ankara continues its energy prospecting in contested waters of the eastern Mediterranean.
Turkey boosts Tuna gas find
Turkey has increased the amount of gas it believes to lie in the Tuna discovery by 85 billion cubic metres.
EU Warns that ties with Turkey are at a ‘watershed moment’
European Union foreign-policy chief Josep Borrell said EU relations with Turkey are at a crossroads as the bloc presses Ankara to halt controversial energy exploration in the eastern Mediterranean.
Turkey maintains Med stance with seismic move
Turkey’s Oruç Reis seismic ship has returned to port to resupply, the country’s energy ministry has said.
Greece and Turkey willing to enter talks on sea dispute
After weeks of tensions in the eastern Mediterranean, Greece and Turkey have signalled a willingness to start talks aimed at resolving a long-standing sea dispute tied to potentially lucrative offshore gas deposits.
NOC calls on UK investment
Libya’s National Oil Corp. (NOC) has pitched for new investment in the country’s oil and gas sector, even while reporting new security breaches at the Sharara oilfield.
Germany to push Greece and Turkey to resume talks on energy clash
German Foreign Minister Heiko Maas urged Greece and Turkey to restart talks over their competing claims to economic sovereignty in contested waters of the eastern Mediterranean as he visits the NATO allies on Tuesday.
Turkey announces major gas discovery
President Recep Tayyip Erdogan has announced the discovery of the largest ever gas find in Turkey off the Black Sea coast.
All eyes on Erdogan as reports mount of major gas discovery in Turkey
Speculation has mounted that President Recep Tayyip Erdogan will announce details of a major gas discovery in the Black Sea in Turkey when he speaks later Friday, after vowing to deliver news ushering in a “new era.”
Turkey confronts EU with new energy survey off Cyprus
Turkey has dispatched a drilling ship to an area off the southwestern coast of Cyprus, in a move that could fuel territorial disputes with EU member states in the eastern Mediterranean.
Greece welcomes French intervention in Eastern Mediterranean
Greece's prime minister has warmly thanked France for boosting its military presence in the eastern Mediterranean.
Turkey resumes East Med exploration
Turkey has issued a new navigational warning – navtex – on waters also claimed by Greece.
Egypt, Greece deal riles Turkey in East Med
Egypt and Greece have signed an agreement on how to divide territorial waters, a move swiftly condemned by Turkey.