Black Sea News

Romania: Carlyle-backed Black Sea Oil & Gas Says Taxes Hinder Higher Gas Output

Feb 21, 2023

Black Sea Oil & Gas (BSOG), controlled by private equity firm Carlyle Group is prevented from increasing gas production at its offshore project due to higher taxes and regulation, its chief executive said on Tuesday. BSOG launched Romania's…

OMV Petrom Sticks to 2B Euros Cost for Offshore Gas Project - CEO

Feb 21, 2023

Romanian oil and gas group OMV Petrom is sticking for now to a price estimate of 2 billion euros net for its pending Black Sea offshore gas project, although it is reassessing the costs, its chief executive said on Tuesday. 'We're working through…

Turkey Postpones Gas Hub Summit to March 22 after Earthquake

Feb 10, 2023

Turkey has postponed a natural gas summit due to be held on February 14-15 until March 22, an energy official said on Friday, after a major earthquake hit its southeastern region. Setting up a gas hub in Turkey was first proposed by Russia's…

OMV Petrom's Neptun Deep Gas Project 'Closer than ever', CEO says

Feb 02, 2023

Romanian oil and gas group OMV Petrom is 'closer than ever' to starting construction of its Neptun Deep gas project, its chief executive said on Thursday of the Black Sea resources she says are key to the country's energy security. The company…

Offshore Winds BLOWing in Bulgaria

Jan 27, 2023

Under an EU-backed scheme, Bulgaria will see a 5 MW floating wind turbine demonstrator installed off its coast in the Black Sea within the next two years, as part of the Black Sea Floating Offshore Wind (BLOW) project. The project, which will see the turbine connected to an offshore gas platform…

Turkey's Black Sea Gas Find Now Amounts to 710 bcm - Erdogan

Dec 27, 2022

The total volume of natural gas Turkey has discovered in the Black Sea now amounts to 710 billion cubic meters (bcm) after a new field was located and a previous find was revised higher, President Tayyip Erdogan said on Monday. Speaking after a cabinet meeting…

Romania: OMV Petrom, Romgaz Step Closer to Black Sea Gas Extraction

Dec 14, 2022

Romanian gas producers OMV Petrom and state-owned Romgaz filed paperwork on Tuesday that edged them closer to the extraction of a long-awaited deepwater gas field in the Black Sea, Petrom said.The two companies jointly own the Neptun Deep offshore project…

Trillion Energy Brings Online Akcakoca-3 Well Offshore Turkey

Nov 28, 2022

Canadian oil and gas company Trillion Energy said Monday that its Akcakoca-3 well at the SASB gas field in the Black Sea offshore Turkey was producing at 3.3 MMcf/d into the gas salesline.The company also said that it had repositioned the drilling rig to drill the West Akcakoca-1  well…

Turkey's Black Sea Gas Field to Go Online in 2023, Erdogan Says

Nov 17, 2022

Turkey's Black Sea gas field is on track to go online next year as promised and work has sped up to connect it to the national infrastructure, President Tayyip Erdogan said on Saturday.Addressing a natural gas pipeline opening in the northern Kastamonu province…

TDI-Brooks Wraps Geotechnical Project at Black Sea Gas Pipeline Project

Nov 11, 2022

Marine survey specialist TDI-Brooks said Thursday it had completed a third geotechnical support project for Turkey's DenAr Ocean Engineering,for Phase 2 of the TPOTC Sakarya gas field pipeline route investigation and site survey project in the Black Sea…

Russia Says Several Arrested in Foiled Attack on TurkStream Pipeline

Oct 13, 2022

The Kremlin said on Thursday that several people had been arrested during a foiled attack on the TurkStream gas pipeline on Russian territory, Interfax news agency reported. Russia has said it is stepping up security on the TurkStream pipeline…

Turkey: Trillion Energy to Start Drilling at Black Sea Gas Field in September

Aug 22, 2022

Trillion Energy International, an oil and gas company focused on the Turkish section of the Black Sea, said Monday that the Uranus jack-up drilling rig was being prepared to move to its SASB natural gas field. Once at the location the rig will be used for a multi-well drilling program…

Trillion Energy Says Black Sea Drilling Program Fully Funded

Jul 07, 2022

Black Sea-focused oil and gas company Trillion Energy International said this week that its 49% cost share for the Black Sea drilling program was fully funded, as the company completed capital raises totaling CDN$ 40.4 Million (USD$32million) year-to-date…

Black Sea Gas Platform Launched Offshore Romania Despite War Risks

Jun 28, 2022

A new Black Sea offshore gas platform was officially launched off Romania on Tuesday and plans to extract gas despite risks posed by war in Ukraine, including mines detected in waters nearby.The project by Black Sea Oil & Gas (BSOG), controlled by U…

Ukraine Attacks Crimean Offshore Platform for Second Time

Jun 27, 2022

Ukrainian forces have attacked a drilling platform in the Black Sea owned by a Crimean oil and gas company, Tass news agency cited local officials as saying on Sunday, the second strike in a week.The platform is operated by Chernomorneftegaz…

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