The East Med’s export problem
“It’s a matter of cost,” DNV’s Mediterranean manager Andrea Spessa said. “This pipeline is the best solution to transport energy from one country to another in this range.”
Turkey
Deadly Turkish earthquake disrupts oil exports
The BTC pipeline carries about 1 million bpd, of which 400,000 bpd comes from Kurdistan.
TPAO adds more gas with Black Sea’s Caycuma find
Turkey’s TPAO has added another 58 billion cubic metres of gas to its holdings with a discovery at the Caycuma-1 well.
Tripoli takes Greece to task over minister who wouldn’t budge
Libya’s Tripoli-based government has recalled its ambassador to Greece, among widening political tensions.
Spotted? Workers catch glimpse of North Sea rig being broken up in Turkey
Workers appear to have caught a glimpse of a North Sea oil rig being broken up at a yard in Turkey.
Trillion lines up spud for Turkish gas bonanza
Trillion Energy International’s Uranus rig has arrived on site for drilling offshore Turkey, with the aim of bringing on new gas production by the end of October.
Castoro 10 arrives in Black Sea as Sakarya aims for 2023
Saipem’s Castoro 10 has crossed through the Dardanelles to begin work laying pipelines for Turkey’s Sakarya field, aiming for first gas in the first quarter of 2023.
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.
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.