Black Sea


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

Logistics , Subsea

Shell Awards Bourbon Integrated Logistics Contracts In Bulgaria

Bourbon Marine & Logistics has been awarded by Shell its first integrated logistics contract for the support of its exploration campaign in Black Sea, Bulgaria, in partnership with Bulgarian operator Bon Marine on March 28.

March 28, 2019

Field Development , Deepwater

Turkey Set To Begin Oil And Gas Drilling Off Cyprus

Turkey and the internationally recognized Greek Cypriot government have overlapping claims of jurisdiction for offshore oil and gas research in the eastern Mediterranean, a region thought to be rich in natural gas.

February 21, 2019

Discoveries , Technology

Total Starts Drilling Third Well For Gas, Oil Off Bulgarian Coast

French oil giant Total (NYSE: TOT) and its partners Austria’s OMV and Spain’s Repsol have started drilling a third well in a block off the Bulgarian coast in the Black Sea, Total’s Bulgarian business said on Nov. 7.

November 7, 2018

Acquisitions & Divestitures , Exploration & Production , Technology , Lease Sales

Shell Reportedly In Talks To Sell GoM Field For $1.3 Billion

The deal with Focus Oil could value Shell's stake in the Caesar Tonga Field in the Gulf of Mexico at about $1.3 billion, the report said.

September 21, 2018


Russia’s Gazprom Says Sea Portion Of TurkStream First Line Completed

Gazprom, which plans to complete the pipeline in 2019, said in a statement that 1,161 km of pipe had been laid since it began construction last year.

April 30, 2018


Black Sea Oil & Gas To Start Gas Production Offshore Romania In 2019

The Romanian company, controlled by private equity firm Carlyle Group LP, discovered two wells holding an estimated 10 billion cubic meters of gas in 2008 some 120 km offshore, where it has rights over the XIII Pelican and XV Midia Shallow blocks.

May 24, 2017

Exploration & Production

Black Sea Offers Untapped Potential

Turkey has estimated that the Black Sea holds recoverable reserves of 10 Bbbl of crude oil and 2 Tcm (70.6 Tcf) of natural gas and operators are making progress, slow some might say, toward exploiting this potential that a few years ago was touted by some analysts as the “new North Sea.”

April 20, 2017