Black Sea

Markets , International , Midstream

Russian, Kazakh Crude Exports Hit by CPC Terminal Repairs

The largest oil supplier via CPC, Chevron-led Tengizchevroil (TCO), said its loadings via the route were “currently uninterrupted.” TCO lowered output on its Tengiz oil field in August due to planned maintenance, which is scheduled to finish in September.

August 23, 2022

Crude Oil , International , Pipelines

Europe Braces for More Cuts in Russian Oil and Gas Exports

Caspian Pipeline Consortium (CPC), which handles about 1% of global oil and whose largest shareholder is Russian pipeline firm Transneft, said exports from two of its three mooring points at a Black Sea terminal had been suspended.

August 22, 2022

Private Equity , Exploration & Production , International

Black Sea Gas Platform Launched Offshore Romania Despite War Risks

The project by Black Sea Oil & Gas (BSOG), controlled by U.S. private equity firm Carlyle Group LP, is Romania’s first offshore Black Sea development in three decades.

June 29, 2022

Highlights , Shale Plays

Best of This Week’s Drilling Activity Highlights (Oct. 15, 2021)

Several Wolfcamp Shale discoveries by Pioneer in the Midland Basin and Devon in the Delaware, plus Marcellus well completions by the recently merged Coterra Energy and a giant gas find in the Black Sea top this week’s oil and gas drilling activity highlights from around the world.

October 15, 2021

Field Development , Subsea

Schlumberger Wins Contract for Development of Turkey’s Largest Gas Field

The Sakarya offshore greenfield represents the largest gas reserve ever discovered in Turkey. The subsea development will be located approximately 100 nautical miles into the Black Sea.

October 15, 2021

Field Development

Turkey Turns to US Firms amid Plans for Black Sea Gas Extraction

If the gas can be commercially extracted, the discovery could transform Turkey’s dependence on Russia, Iran and Azerbaijan for energy.

June 11, 2021

Discoveries , Natural Gas

Turkey Discovers 135 Bcm Additional Natural Gas in Black Sea

Turkey has discovered 135 billion cubic meters (Bcm) of additional natural gas in the southern Black Sea, President Tayyip Erdogan said on June 4, raising the total discovery in the region to 540 Bcm.

June 4, 2021

Drilling

Schlumberger Introduces High-Definition LWD Service MagniSphere

MagniSphere service delivers real-time reservoir evaluation data to improve drilling performance and optimize well placement for maximized production

November 12, 2020

Investment , Deepwater

OMV Again Postpones Decision On Black Sea Offshore Investment

The exploration of the Black Sea Neptun block is a joint venture between OMV’s Romanian subsidiary Petrom and U.S. major Exxon Mobil Corp., and includes the first deepwater exploration well in Romanian waters.

March 13, 2020

Shelf , Deepwater , Energy Transition , Subsea

Leading Offshore Into A Changing Future

OTC kicks off today in Houston and its chairman sees another 50 years of success for offshore energy.

May 6, 2019