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08.04.2026
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…
08.04.2026
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…
08.04.2026
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!…
08.04.2026
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…
08.04.2026
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.…
08.04.2026
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…
08.04.2026
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…
08.04.2026
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…