WorldOil Turkey announces significant new Black Sea natural gas discovery Turkish President Recep Tayyip Erdogan announced that state energy company Tpao has found 135 billion cubic meters of gas at the Amasra-1 offshore well, bringing the total amount of deposits discovered in the Black Sea over the past year to 540 billion cubic meters. Turkey expected to announce new Black Sea natural gas discoveries Turkey has discovered further deposits of natural gas in the Black Sea, according to people familiar with the matter, and is likely to make an announcement soon. Energean proposes $500MM carbon storage facility in northern Greece The project would be the first of its kind in the Mediterranean, Energean CEO Matthaios Rigas said at a conference Wednesday. Turkish Petroleum mulls partnerships for multi-billion Black Sea gas project Turkey’s state-owned oil and gas company is considering partnerships and plans to raise funding this year to carry out work on the biggest natural gas discovery in the Black Sea, according to people with knowledge of the matter. Turkey and Greece to meet over Mediterranean energy disputes The announcement comes just weeks after the European Union pledged to expand the number of Turkish officials sanctioned over the country’s energy exploration in the disputed waters of the eastern Mediterranean Sea. Egypt taps Exxon, Chevron for billion-dollar offshore exploration program This deal, plus more to be announced, target drilling 23 wells in nine regions in the Mediterranean and three regions in the Red Sea, with a minimum total investment seen at $1.4 billion. Croatia preps for first U.S. LNG cargo, reducing Russian dependence The LNG vessel Tristar Ruby, which loaded at the Cove Point plant in Maryland, is headed for Croatia’s terminal on the Adriatic island of Krk, according to ship-tracking data on Bloomberg. The ship is scheduled to arrive on Jan. 1, the expected start date of the terminal. Putin bets Turkey will strain EU and NATO relations in his favor From Azerbaijan to Syria to Libya, Erdogan’s drive to rebuild Turkey’s influence as a regional power has forced Russia to roll back its ambitions. Even as Erdogan increasingly positions himself as a check on the Kremlin’s geopolitical reach, Putin has nothing but warm words for his Black Sea neighbor in public. Turkey challenges EU’s “strategic blindness” over Mediterranean sanctions In February, the EU imposed asset freezes and travel bans on two employees of Turkish Petroleum Corp. in response to Turkey’s natural-gas gas hunt off Cyprus. A Cypriot proposal to include Turkish entities and add individuals to that blacklist has been held up since June. Turkey pauses Mediterranean oil search on further EU sanctions threat The gesture is part of a broader series of moves meant to improve the atmospherics before EU leaders sit down on Dec. 10 to discuss a response to Turkish maritime activities in waters also claimed by bloc members Cyprus and Greece.