The East Medโs export problem
โItโs a matter of cost,โ DNVโs Mediterranean manager Andrea Spessa said. โThis pipeline is the best solution to transport energy from one country to another in this range.โ
โItโs a matter of cost,โ DNVโs Mediterranean manager Andrea Spessa said. โThis pipeline is the best solution to transport energy from one country to another in this range.โ
The BTC pipeline carries about 1 million bpd, of which 400,000 bpd comes from Kurdistan.
Turkeyโs TPAO has added another 58 billion cubic metres of gas to its holdings with a discovery at the Caycuma-1 well.
Libyaโs Tripoli-based government has recalled its ambassador to Greece, among widening political tensions.
Workers appear to have caught a glimpse of a North Sea oil rig being broken up at a yard in Turkey.
Trillion Energy Internationalโs Uranus rig has arrived on site for drilling offshore Turkey, with the aim of bringing on new gas production by the end of October.
Saipemโs Castoro 10 has crossed through the Dardanelles to begin work laying pipelines for Turkeyโs Sakarya field, aiming for first gas in the first quarter of 2023.
The industry drilled more wells in 2021 than 2020, IHS Markit has reported, with notable successes in high impact wells adding new resources.
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.
Aberdeen-headquartered engineering giant Wood has won a contract working on the largest gas reserve in Turkey in the Black Sea.
Italian energy services company Saipem (IT: SPM) has landed two lucrative offshore contracts.
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 havenโt been enough.
Turkeyโs TPAO has begun drilling the Amasra-1 well, on the North Sakarya field.
Despite discussion around East Mediterraneanโs gas having a global impact, it is locally that will be the most important, speakers at a recent event said.
Qatarโs 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.
Algeriaโs Sonelgaz has signed a memorandum of understanding (MoU) with Libyan power producer Gecol.
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.
Turkeyโs TPAO has begun drilling the Tรผrkali-1 well, the first deepwater exploration in the countryโs 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 has increased the amount of gas it believes to lie in the Tuna discovery by 85 billion cubic metres.
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.
Turkeyโs Oruรง Reis seismic ship has returned to port to resupply, the countryโs energy ministry has said.
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.
Libyaโs National Oil Corp. (NOC) has pitched for new investment in the countryโs oil and gas sector, even while reporting new security breaches at the Sharara oilfield.