Eastern Mediterranean ///

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.

Greece wearies of Turkey’s provocative energy hunt in disputed waters

European leaders in October called on Ankara to abstain from unilateral hydrocarbon exploration in disputed waters, saying it’s in breach of international law. Turkey nonetheless resumed the surveys, making any negotiation with Greece on delimitation of sea borders even more problematic.

Turkey wants to keep EU ties, despite sanction threat over offshore drilling

Turkish Cypriots and Cyprus have been at loggerheads over offshore gas reserves in disputed waters. Cyprus has been pushing other EU states to expand a blacklist against Turkey over its natural-gas exploration in the eastern Mediterranean. Other governments including Germany were wary of provoking Turkey.

Turkish offshore gas deal with Libya upsets Mediterranean boundaries

Turkey and Libya officially approved a contentious maritime deal that may fuel an energy showdown in the gas-rich waters of the eastern Mediterranean, where both countries are at odds with Greece.

EU to cut flow of funds to Turkey as drilling spat heats up

The European Union is poised to freeze most high-level contacts with Turkey and cut the flow of funds to the country, while holding back for now on sanctions that could target Turkish companies involved in offshore drilling in the eastern Mediterranean.

Cyprus ghost town becomes pawn in drilling dispute with Turkey

A ghost town in Cyprus’s Turkish-controlled north has become the latest pawn in the conflict surrounding Turkey’s drilling for natural gas off the island’s shore.

Turkey mulls deployment of Russian missile near gas exploration zone

Turkey is considering deploying a Russian missile-defense system along the country’s southern coast, near where its warships are accompanying vessels exploring for energy, according to four people with knowledge of the deliberations.

Israel agrees to U.S.-mediated maritime talks with Lebanon

Israel is willing to enter U.S.-mediated talks with Lebanon on setting a maritime border, the Energy Ministry said today.

Investor group to place $10 billion bet on East Med gas

An investor group is planning a major shakeup of the Eastern Mediterranean natural gas industry in a bid to unlock sales stymied by the political and industrial complexities of the region.

Energean reports >1 Tcfg discovery at Karish North

Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce that the Karish North exploration well has made a significant gas discovery.

Energean has completed extended reach well in Greece

Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce successful completion of drilling operations of the extended reach well, EA-H3.

Energean commences drilling campaign in Israel

Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, has announced that it has commenced its 2019 drilling program in Israel.

ExxonMobil makes 5 Tcf natural gas discovery offshore Cyprus

ExxonMobil has said it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well.

Croatia's Krpan touts new bidding rounds as means to boost output

During the recent North American Prospect Expo (NAPE) held in Houston, the president of the Croatian Hydrocarbon Agency (CHA), Marijan Krpan, visited with World Oil about the steps his government is taking, to improve the country’s oil and gas production. Key among these are two new licensing rounds, one to close in June 2019, and the other to finish in September 2019.

Lukoil's 2018 proved reserves totaled 101%

Lukoil (hereinafter the company) announces the results of the reserves assessment and independent audit as of Dec. 31, 2018.