Turkey has begun a new phase in oil and gas production off the eastern shores of the African continent: the exploration and drilling vessel Çağrı Bey has been sent to the shores of Somalia, where it will begin exploration of oil and natural gas reserves in this region.
Turkey signed a deal with Chevron Corp. on Thursday to jointly explore for oil and gas around the world, the country’s energy ministry said.
Turkey’s state energy company is in talks with Chevron Corp to jointly explore for oil and gas, according to a Turkish official familiar with the discussions.
Turkey’s state energy company is in talks with Chevron to jointly explore for oil and gas, according to a Turkish official familiar with the discussions.
Russia’s liquefied natural gas cargoes could be redirected to Turkey and Asia if the European Union makes a plan to ban Russian LNG official, Patrick Pouyanne, the chief executive of French oil and gas supermajor TotalEnergies, says.
Subsea7 has landed a major1 contract with the Turkish Petroleum Offshore Technology Center (TP-OTC). The project was awarded for the development of phase 3 of the Sakarya field development in the Black Sea, offshore Türkiye.
There has been much excitement in recent days among those who know nothing much worth knowing about the issue that the long-running ban on oil sales from the Kurdistan Region of Iraq (KRI) to Turkey may be lifted soon. Supposedly, the government of the Erbil-based semi-autonomous region of Kurdistan (the KRG) and the Baghdad-based Federal Government of Iraq (FGI) have agreed on a new mechanism for oil exports from the Kurdistan Region to the Turkish port of Ceyhan.
Libya’s eastern parliament is poised to let Turkey explore for energy in the North African nation’s waters, according to people familiar with the matter, in what would be a dramatic about-face that’s the latest sign of warming ties between Ankara and the region.
The potential renegotiation is the latest step in the saga that started in March 2023, when Turkey closed the link after an arbitration court ordered the country to pay Iraq $1.5 billion over unauthorized exports. Numerous attempts to restart shipments have since failed – including due to disagreements between Iraq, its semi-autonomous Kurdistan region and companies operating in the area.
The original agreement, first inked in 1973, concerns the pipeline carrying oil from the semi-autonomous Iraqi region of Kurdistan to the Turkish port of Ceyhan on the Mediterranean. Flows along the Kirkuk-Ceyhan pipeline, which has a capacity for 1.6 million barrels daily, have now been suspended for two years amid a financial dispute between Ankara and Baghdad.