Turkey's blockade of ships that has hemmed in an Eni vessel bound for drilling off the coast of Cyprus is a diplomatic issue that cannot be solved by the company, said Eni's CEO today.
Iraq said Turkey agreed to deal exclusively with its central government over exports of Kurdish crude oil, a step that could disrupt shipments from the independence-seeking Kurd region.
Cemre Shipyard in Turkey has held a launching ceremony for a service operation vessel ordered by Esvagt and chartered by MHI Vestas Offshore Wind.
The flow of Iranian gas to Turkey has been suspended after an explosion hit a pipeline.
Saudi Aramco’s chief has said a new “road map” is needed to help smooth the transition from fossil fuels to green energy.
Iranian and Iraqi oil ministers are not expected to attend informal talks between OPEC and non-OPEC producers in Turkey.
Talks have resumed between Russia and Turkey on the price of gas, according to reports.
Turkey has granted Russian energy firm Gazprom permits for the revived TurkStream project.
Recep Tayyip Erdogan says Turkey and Russia can rebuild their damaged ties and make the two countries even closer after talks with Vladimir Putin.
Turkish President Recep Tayyip Erdogan has arrived in Russia for talks with Vladimir Putin aimed at repairing ties shattered by the downing of a Russian warplane along the Syrian border last year.
Oil declined following a failed coup in Turkey as shipments continued through the vital conduit from Russia and Iraq to the Mediterranean Sea.
Oil is flowing unhindered through Turkey’s pipelines and waterways, one of the world’s largest energy trading corridors, after a coup attempt against President Recep Tayyip Erdogan failed.
Israeli Prime Minister Benjamin Netanyahu has said his nation’s agreement with Turkey to normalise ties will have immense implications for the Israeli economy.
Socar has said it is interested in buying OMV's Turkish subsidary, according to reports.
Statoil has entered a binding letter agreement into two exploration licenses in the Thrace region in the European north-western part of Turkey.
A documentary film crew from Russia Today (RT) claimed to have uncovered evidence of the alleged links between Turkey and its oil trade links with Islamic State (IS).
Illegal oil and weapons are still managing to flow across the Syrian-Turkish border is said to be continuing despite targeted attacks on Islamic State (ISIS), according to reports.
Turkey’s state oil company will press ahead with plans for an initial public offering as soon as next year, but only if oil prices return to at least $60 a barrel from near $30 now, said chief executive Besim Sisman today.
OMV is said to be seeking a buyer for its Turkish unit Petrol Ofisi in line with its strategy of focusing on upstream and integrated downstream businesses.
Israel’s defence minister has alleged ISIS (Islamic State) has been funded with “Turkish money”. Moshe Ya’alon made the claim as he said the Turkish government was not pulling its weight in the fight against the network.
The Russian defence ministry has claimed the US has turned a “blind eye” to oil allegedly being trafficked from Syria across the border to Turkey. In a statement the ministry claimed the oil being moved was from areas under the control of Islamic State.
Russia’s deputy defence minister has accused the Turkish president and his family of personally benefiting from the illegal oil trade with Islamic State militants.
Russia has been accused of trying to “cover up” its infringement of Turkish airspace with “unfounded” claims that Turkey is illegally importing oil from the Islamic State (IS) group in Syria.
Vladimir Putin has ordered state-of-the-art air defence missile systems to be deployed at a Russian air base in Syria following the downing of a Russian warplane by Turkey.
Oil jumped after Turkey shot down a Russian warplane near the border with Syria, fanning concern that conflict in the region may intensify.