A Turkish drilling ship has discovered a big natural gas reserve in the Black Sea.
President Recep Tayyip Erdogan told reporters that the drilling ship Fatih, which has been operating in the area since July, had found 320bn cu m (11,300 cu ft) of gas.
He said the Turkish Black Sea...
Germany Targets African Energy as an investment opportunity, particularly in clean energy and digitalization technology companies.
In a webinar hosted by the African Energy Chamber (www.EnergyChamber.org) and Germany Africa Business Forum (GABF), speakers pointed out that Africa has recently shifted to the forefront of Germany’s foreign policy and development...
The US shale production decline is likely to continue, despite a bounce back in demand since April, the height of the COVID-19 pandemic.
The U.S. rig count is at its lowest since 2005; only 176 oil rigs are currently active nation-wide. Drilling permits in July dropped to their lowest level...
Is Turkey drilling offshore Cyprus on insider data? The Cypriot government thinks Turkey got insider info on blocks off Cyprus' southern coast.
Cypriot Government Spokesperson Kyriacos Koushos, who spoke to Greece’s Hellenic Broadcasting Corporation ERT this week, charged Ankara with having “somehow” obtained information regarding Block 8, which lies north...
The Hellenic (Greek) Hydrocarbon Resources Management (HHRM) department reports that seismic studies of Crete's offshore predict major reserves located to the south.
”The team of HHRM completed the processing of seismic data to accurately map the geometric structures in the marine areas of central Ionian and south of Crete,” the...
Gazprom Neft continues to champion the digital transformation of the oil and gas industry by agreeing a joint venture with ICS Holding to develop digital products for not only the Russian energy market but globally as well.
The development strategy for the new joint venture is aimed at addressing...
Syria invites Russian oil companies to explore in the Eastern Mediterranean Sea. Syria’s parliament has approved contracts for oil exploration with two Russian companies in an effort to boost production hit by more than eight years of war and Western sanctions.
Meanwhile, Lebanon is preparing for its first-ever maritime oil...
Gas plagues Permian shale and the result is less drilling and lower profits for explorers at a time when investors are demanding better returns.
Natural gas has long been a nuisance in the Permian, where a massive glut weighs on prices, with crude producers sometimes having to pay to get...
Wärtsilä LNG propulsion and storeage systems will power four new next-generation short-sea cargo vessels under construction at the WuHu Shipyard in China.
Wijnne & Barends Chartering based in the Netherlands, an affiliate of the Dutch Spliethoff Group ordered the vessels and placed the contract with Wärtsilä in December.
The ships will...
