Turkey's national oil and gas company TPAO has taken delivery of its new, seventh generation drillship, the Cobalt Explorer, acquired from the South Korean shipbuilder Daewoo Shipbuilding Marine and Engineering.The acquisition of the Cobalt Explorer has expanded TPAO's drillship fleet to four units…
Turkey will provide tax cuts to support a 145.1 billion lira ($9.9 billion) Turkish Petroleum (TPAO) project to develop the natural gas field it discovered in the Black Sea, the country's Official Gazette said on Wednesday.Natural gas was discovered…
Consulting and engineering firm Wood said it has been appointed by Turkish Petroleum (TP) as the integrated project management partner for the Sakarya Gas Field Development Project, located 150km off the coast of Turkey in the Black Sea.As Turkey’s largest gas reserve…
Saipem, an Italian energy industry construction and installation services provider, has secured two new offshore contracts in Australia and Turkey totaling more than $600 million for transportation and installation activities.In Australia, Chevron…
Subsea 7 has confirmed the award of a major contract by Turkish Petroleum for the Sakarya field development offshore Turkey in the Black Sea. Subsea 7 defines a major contract as being one where Subsea 7’s share of revenue is over USD 750 million…
Turkey will carry on exploring for oil and gas in the eastern Mediterranean, Turkish President Tayyip Erdogan said on Friday in comments that may revive tensions with the European Union and Greece amid attempts to repair their frayed ties.Turkey…
Turkey has shared data on its Black Sea discovery with U.S. energy majors Chevron and Exxon Mobil ahead of possible cooperation in extracting the gas, a Turkish official with knowledge of the matter told Reuters.Ankara has so far insisted it…
French oil and gas giant TotalEnergies (formerly Total) has been crowned the upstream industry’s most-admired explorer for the second year in a row. The accolade is awarded as part of Wood Mackenzie’s annual Exploration Survey. The award ceremony…
Turkey has discovered 135 billion cubic meters of additional natural gas in the southern Black Sea, President Tayyip Erdogan said on Friday, raising the total discovery in the region to 540 billion cubic meters.Last year, Turkey's drillship…
Turkish President Tayyip Erdogan said late on Tuesday he would announce 'good news' regarding natural gas reserves in the Black Sea on Friday.In one of the world's biggest finds last year, Turkey said it discovered 405 billion cubic meters of natural gas in the Black Sea's Sakarya field…
Norwegian energy intelligence group Rystad Energy has said that oil and gas exploration activity in 2020 has been resilient, despite concerns that Covid-19 could drive down discovered volumes to their lowest levels in decades.'Found resources…
Turkey began drilling at a second borehole in a Black Sea natural gas field where it made its largest-ever discovery earlier this year, Energy Minister Fatih Donmez said on Thursday.In one of the world’s biggest finds this year, Turkey said…
Turkey may cooperate with foreign firms to bring online its giant gas find in the Black Sea, made in August this year.As reported by Reuters, the country's energy minister Fatih Donmez said on Thursday that Turkey would operate the gas field…
Turkey has raised the estimated reserves in a gas field off its Black Sea coast to 405 billion cubic meters after finding an additional 85 billion cubic meters, President Tayyip Erdogan said on Saturday.Erdogan said in August the field contained 320 billion cubic meters of gas…
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 drillship in the Black Sea on Saturday.In August, Erdogan hailed the discovery of a 320 billion cubic meter (bcm) (11…
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