(World Oil) – Turkey said it wants to help increase oil and natural gas production in Syria, the latest step in Ankara’s overtures for deeper involvement in the reconstruction of the war-torn country. Turkish authorities are also working on ways to meet Syria’s electricity needs after more than a decade of conflict damaged the country’s infrastructure, Turkish Energy Minister Alparslan
(World Oil) – TDI-Brooks has successfully completed its fifth geotechnical investigation for DenAr Ocean Engineering S.A. The RV Nautilus was dispatched to the Black Sea from the U.S. East Coast to facilitate this operation. The geotechnical aspect of the investigation included 49 Gravity Cone Penetrometer Tests (gCPTs), 50 Jumbo Piston Corers (JPCs), 48 Cone Penetration Tests (CPTs), and 41 BCs.
Oil Price Russia is seeing months of delays in payments for its oil exports as banks in its major trader partners, including China, the UAE, and Turkey, are now scrutinizing transactions wary of the tighter U.S. sanctions, numerous unnamed sources with knowledge of the matter have told Reuters. Russian oil firms are struggling to collect the payments for their exports on
World Oil (Bloomberg) –Turkey threatened to block any unauthorized search for gas and oil in its economic exclusive zone in the eastern Mediterranean after Cyprus awarded hydrocarbon exploration and drilling rights in its offshore block 5 to a venture of Exxon Mobil and Qatar Petroleum. A part of the license area in question violates Turkey’s continental shelf in the eastern
CNBC Saudi Arabia has reinstated diplomatic relations with Qatar, more than three years after Riyadh and several Arab countries severed ties with Doha. Kuwait, a mediator for both sides, announced that Saudi Arabia is reopening its airspace, sea and land borders with Qatar. Qatar’s emir, Sheikh Tamim bin Hamad al-Thani, arrived in Saudi Arabia on Tuesday for the first time
Reuters ANKARA – Turkish President Tayyip Erdogan said on Wednesday he will announce the total size of gas reserves found in the country’s largest-ever discovery when he visits a drill ship in the Black Sea on Saturday. In August, Erdogan hailed the discovery of a 320 billion cubic metre (bcm) (11.3 trillion cubic feet) Black Sea field about 100 nautical
Reuters ISTANBUL – The presidents of Turkey and Russia on Wednesday formally launched the TurkStream pipeline which will carry Russian natural gas to southern Europe through Turkey, part of Moscow’s efforts to reduce shipments via Ukraine. The pipeline project, stretching 930 km (580 miles) across the Black Sea, reinforces strong energy ties between Moscow and Ankara, which have also increased
Houston Chronicle Cyprus President Nicos Anastasiades, Greek Prime Minister Kyriakos Mitsotakis and Israeli Prime Minister Benjamin Netanyahu attended in Athens Thursday the signing ceremony for the accord to construct the Eastern Mediterranean natural gas pipeline. The 1,900-kilometer (1,181 miles) link will connect recently discovered, and to-be-found, gas fields in the eastern Mediterranean basin with European markets through Cyprus, Greece and
Valeura Announces Start of Deep Appraisal Drilling, Further Increase to Turkish Gas Prices
TransAtlantic Petroleum Ltd. (ticker: TAT) recorded a net loss in 2017 of $23.9 million, or $(0.50) per share. For Q4 2017, the company had a net loss of $4 million, or $(0.09) per share. The company’s wellhead production from continuing operations was 1.2 MMBOE in 2017, as compared to 1.8 MMBOE in 2016. Drilling continues Southeastern Turkey Selmo: In January
Turkey threatens to cut off oil from Black Sea ports As tensions continue to rise following Turkey’s decision to shoot down a Russian fighter jet November 24, the oil trade has become a target in an exchange of blows. Russian President Vladimir Putin accused Turkey of shooting down Russia’s jet in order to protect an ISIS oil trade route earlier
303 mile pipeline expansion in Azerbaijan is the first leg of a 1,993 mile journey to southern Europe Construction or preliminary work has begun on three pipelines designed to flow natural gas supplies from Azerbaijan to consumers in Turkey, Bulgaria, Greece and Italy, according to the Energy Information Administration (EIA). The South Caucasus Pipeline Expansion (SCPX) is proposed to take
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