News
February 03, 2026
Tenaris has secured new contracts supporting Phase 3 development of Türkiye’s Sakarya gas project, one of the Black Sea’s most technically demanding ultra-deepwater fields. The awards advance drilling, flow assurance and production infrastructure as the project moves toward scaled offshore gas output in water depths exceeding 2,000 m.
News
January 20, 2026
Turkey’s state oil company is in talks with Chevron on potential joint oil and gas exploration, signaling Ankara’s push to expand upstream production and reduce reliance on energy imports. Discussions could involve seismic studies and drilling as U.S.–Turkey energy ties continue to warm.
News
January 16, 2026
Chevron has taken a final investment decision to expand production at the Leviathan natural gas field offshore Israel, boosting gas supply to regional markets including Israel, Egypt and Jordan later this decade.
News
January 09, 2026
TotalEnergies and partners Eni and QatarEnergy have signed an agreement with Lebanon to enter the Block 8 offshore exploration permit, with plans for new 3D seismic acquisition.
News
December 10, 2025
INA has confirmed new offshore gas reserves in Croatia’s Northern Adriatic after early production testing delivered 120,000 cu m/day from a new development well. The project marks the start of a broader offshore drilling campaign planned through 2026.
News
November 18, 2025
Turkey’s state energy company TPAO plans to issue as much as $4 billion in Islamic debt to accelerate oil and gas production growth, including Black Sea gas expansion and Southeast Turkey unconventional development. The debut sukuk will also support international projects in Libya, Oman, Pakistan and more.
News
October 22, 2025
Dutch emission-reduction technology innovator Value Maritime has appointed MIE Group Ltd as its new commercial agent in Cyprus, reinforcing its commitment to expanding across the Mediterranean region.
News
October 15, 2025
Valeura Energy and partner Pinnacle Turkey have signed a joint venture agreement with Transatlantic Petroleum to explore and develop deep gas formations in Türkiye’s Thrace basin. The partnership will begin with the re-entry and testing of the Devepinar-1 well, targeting commercial potential in the Kesan formation.
News
September 11, 2025
Chevron, in partnership with Helleniq Energy, has submitted a bid to explore four offshore gas blocks in Greece near Crete and the Peloponnese. The move aligns with Greece’s strategy to expand domestic gas resources and support Europe’s shift away from Russian energy.
News
September 11, 2025
Baker Hughes has secured a major award from Turkish Petroleum (TPAO) and TP-OTC to deliver subsea production systems and intelligent completions for the Sakarya Gas Field Phase 3 in the Black Sea, enhancing Turkiye’s domestic energy production.
News
September 09, 2025
bp has signed an MoU with the Egyptian government for a five-well drilling program to boost natural gas production. The agreement comes as bp plans to increase production to 2.3-2.5 million boed in 2030 with the capacity to increase production out to 2035.
News
August 27, 2025
Subsea7 has landed a major contract with the Turkish Petroleum Offshore Technology Center (TP-OTC) for the development of phase 3 of the Sakarya field development in the Black Sea, offshore Türkiye.
News
August 21, 2025
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 sign of warming ties between Ankara and the region.
News
August 08, 2025
Egypt will boost its contracted purchases of natural gas from Israel’s Leviathan field under a new agreement starting next year, deepening the country’s dependence on imports of the fuel for the long haul.
News
June 25, 2025
Israel ordered the resumption of production at its biggest natural gas field following a truce in hostilities with Iran, setting the stage for higher exports to Egypt. Chevron is working to resume regular production within a few hours, sources said.
News
June 24, 2025
The latest price slump brings the market back to where it was before Israel attacked Iran on June 12. Traders are now refocusing on a looming surplus later in the year, with a supply surge from producers both inside and outside the OPEC+ alliance set to outpace growth in demand.
News
June 24, 2025
Trump administration officials considered a range of options in case of a major oil supply disruption in the Middle East ahead of the U.S. strikes on Iran and President Donald Trump’s ceasefire declaration, according to people familiar with the matter.
News
June 20, 2025
Brent crude oil futures remain capped below the $80/bbl mark, as the crisis enters its second week with no clear resolution in sight, Rystad Energy analysts stated. The U.S. has signaled a potential two-week window for possible military action, while still leaving room for diplomacy.
News
June 13, 2025
The unfolding Middle East crisis extended to Iran’s energy infrastructure as Israel launched an attack on a giant gas field in the Persian Gulf. The attack heightens the risk to oil infrastructure in Iran, OPEC’s third-biggest producer, and to shipments from elsewhere in the region.
News
May 19, 2025
Turkey has discovered 75 billion cubic meters of natural gas worth $30 billion dollars in the Black Sea, according to President Recep Tayyip Erdogan. Erdogan said the discovery was made after 49 days of drilling at the Goktepe 3 field.
News
March 17, 2025
Azerbaijan is set to sign agreements to explore for natural gas in Israeli waters, highlighting a key strategic alliance between the two countries amid turbulence in the region. A consortium of Azeri state company Socar, bp Plc and Israel’s NewMed Energy LP will get the right to explore in one offshore block.
