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…
Bilfinger develops cooperation with Black Sea Oil & Gas in Romania under framework agreement
09.08.2024
Bilfinger, the leading global industrial services provider, has won a series of engineering projects under the universal framework agreement that has been closed with Black Sea Oil & Gas company. It is the first new offshore gas development project in the Black Sea built in over 30 years that managed to extract gas from the…
Bulgaria seeks partner for Black Sea exploration
Large Khan Tervel block lies near gas-rich Turkish waters Updated 21 June 2024, 01:15 Bulgarian authorities plan to open a tender for a large exploration area in the Black Sea known as Block 1-26, or Khan Tervel. The planned tender was initially announced in Sofia in August 2023, but detailed terms for potential bidders and…
