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.
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 are on track to discover 10 billion barrels this year, despite the coronavirus pandemic temporarily halting exploration activity this spring, according to Rystad Energy.
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.
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.
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.
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.
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.
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 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.
The Syrian Ministry of Foreign Affairs and Expatriates has condemned “in the strongest terms” a reported deal between a US oil company and the Syrian Democratic Forces (SDF).
Turkey’s Ministry of Foreign Affairs has warned that any attempts by General Khalifa Haftar to target its interests in Libya would have “severe consequences”.
IGI Poseidon has invited companies to submit plans for the offshore parts of the proposed EastMed gas pipeline, which will run from the southeast Mediterranean into Europe via Greece and Cyprus.
The Libyan National Army’s (LNA) decision to halt exports from a number of ports brings more pressure to bear on the Tripoli-based Government of National Accord (GNA) but does little to upset the international oil market.