Melrose Resources Plc Company
20.06.2025
Melrose Resources Plc is an integrated oil and gas pipeline contractor that has been fulfilling the energy industry’s construction, maintenance and repair needs since 1971. With more than 700 employees, our work has taken us from the Atlantic Coast to beyond the Rocky Mountains, and from South Texas to Maryland. Our first customer in 1971,…
BP’s $2.9B Azerbaijan investment fuels gas production expansion
10.06.2025
BP, leading the consortium that owns the Shah Deniz gas field in the Azeri Caspian Sea, announced a $2.9 billion investment decision on Tuesday to increase the project’s production capacity. In a strategic realignment, the British oil giant is pivoting from renewable energy to increased oil and gas production. This includes operations in Azerbaijan, a…
Turkey secures rights to 90 percent of oil and gas output in Somalia deal, document shows
05.05.2025
Levent Kenez/Stockholm The full text of a wide-ranging hydrocarbons agreement between Turkey and Somalia has been made public following its submission to the Turkish Parliament for ratification on April 22. The release of the document has offered the first detailed insight into the scope, terms and strategic intentions behind Ankara’s deepening energy and defense partnership…
Turkey Expands Oil And Gas Exploration Agreements
Turkey’s energy ambitions grow with new deals in Libya and Iraq while seeking to bolster regional gas supplies. Turkey is gearing up to sign agreements for oil and gas exploration in Libya and Iraq, alongside other nations such as Bulgaria, Azerbaijan, and Turkmenistan. This initiative comes as Turkey aims to bolster its energy production, which…
Bulgaria signs Black Sea oil, gas exploration deal with energy giant Shell
According to agreement terms, Shell will conduct surveys in Block 1-26 Khan Tervel, which covers approximately 4,000 square kilometers of country’s exclusive economic zone in Black Sea, says state-run media Ahmet Gençtürk |16.04.2025 – Update : 16.04.2025 ATHENS Bulgaria has signed an agreement with international energy giant Shell to explore oil and gas in the…
Turkey eyes regional energy expansion as Black Sea gas output rises
The new Sakarya field accounted for about 6.6 percent of Turkey’s 53 bcm gas consumption last year, calculations show. GIRESUN, Turkey Turkey’s daily natural gas production at its flagship Sakarya field in the Black Sea has reached around 9.5 million cubic metres, Energy Minister Alparslan Bayraktar said, as the country ramps up its energy ambitions…
Turkey eyes direct Turkmen gas supply via Caspian pipeline within five years: Erdoğan
Turkish President Recep Tayyip Erdoğan has reaffirmed his commitment to the long-discussed Trans-Caspian Gas Pipeline project, announcing that Turkey will begin importing natural gas directly from Turkmenistan via a subsea pipeline across the Caspian Sea within five years. Speaking at the Natural Resources Summit in Istanbul, Erdoğan highlighted the strategic importance of diversifying Turkey’s energy…
MOL, Turkish Petroleum enter E&P collaboration
22.10.2024
MOL Group and Turkish Petroleum Corp. (TPAO) in Istanbul have signed a memorandum of understanding (MoU) to collaborate in the exploration and production of hydrocarbons in Turkey and potentially other regions. These include the Caspian, North Africa, Middle East, eastern and central Europe. Under the MoU, they will jointly deploy their technical and commercial knowledge,…
Hungary and Turkey to extend partnership on gas supply
Hungary has imported 275 million cubic metres of gas from Turkey this year and the two countries have now agreed to continue the partnership, announced Péter Szijjártó, Hungary’s Minister of Foreign Affairs and Trade. The Minister said the construction of the TurkStream natural gas pipeline has been “the most important step” taken in the last…
Azerbaijan’s GL Group acquires 25% stake in a gas development project in Turkey
GL Group, the first privately owned group of energy companies in Azerbaijan, has acquired a 25% equity stake in Gazelle Energy, a Canadian company, which holds 100% ownership and is the Operator of the Thrace Basin Block F17-b4 license in northwest Turkey, reported the Azer News. This block, spanning 145 sq km, is a tight…
