Türkiye’s state firms to invest $22.7B in 2026, led by energy sector
21.10.2025
Türkiye’s state-owned enterprises (SOEs), their subsidiaries, and companies under privatization are set to invest ₺679.4 billion ($22.7 billion) in 2026, according to a presidential decree published in the Official Gazette. The decision covers 22 companies, including major energy, transport, and industrial enterprises, under what will be the largest collective public investment drive since 2018, with a…
Energy milestone: Türkiye clears way to export Black Sea gas as LNG
Türkiye has recently officially cleared the legal path for exporting natural gas from its Black Sea fields as liquefied natural gas (LNG) following a regulatory change by the Energy Market Regulatory Authority (EPDK). The amendment to the Natural Gas Market Law formally defines gas liquefaction and allows production from the Sakarya field to be converted and…
Registration is open
07.08.2025
Registration is ongoing for the 4th International Congress and Exhibition “Turkey and Black Sea Oil and Gas”! The event will take place on December 10-11 in Ankara, Turkey. This year, we’ve revamped the program: new formats will make the congress even more productive and enriching, enhancing knowledge and experience sharing! Here’s what you can expect:…
Another exploration well on duo’s drilling agenda in Black Sea
26.06.2025
Southeastern Europe’s integrated energy player OMV Petrom and NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, have set their sights on drilling a second exploration well at a block in the Black Sea off the coast of Bulgaria. Transocean Barents rig is on drilling duty with OMV Petrom in Romanian Black Sea; Source: OMV…
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…
