Petroleum industry

The FSRU with a capacity of 153.500 sq.m. LNG will be connected to the national natural gas network of Greece with a 28 km long pipeline

International oilfield services company Schlumberger announced on Oct. 15 a significant contract award by the Turkish Petroleum Corporation (TPAO or TP) for the engineering, procurement, construction and installation (EPCI) of end-to-end production solutions for the Sakarya Gas Field, Turkey's largest gas reserve.

Environmentalists criticized Mexico's state-owned oil company on July 3 after a gas leak at an underwater pipeline unleashed a subaquatic fireball that appeared to boil the waters of the Gulf of Mexico.

The increasing exploration and drilling efforts for new wells after Turkey's Fatih drillship discovered 405 billion cubic meters (bcm) of natural gas in the Black Sea is about to bear fruits with further gas volumes.

Turkish President Recep Tayyip Erdoğan will announce the recent developments in the field, which is expected to be about a new gas discovery.

Colonial Pipeline began to slowly restart the nation's largest fuel pipeline network on Wednesday after a ransomware attack shut the line, triggering fuel shortages and panic buying in the southeastern United States.

Turkey's first floating LNG storage and gasification vessel (FSRU) "Ertuğrul Gazi" is registered to the Turkish International Ship Registry on March 3.

According to the social media account of the Ministry of Transport and Infrastructure's General Directorate of Maritime Affairs, Ertuğrul Gazi flew the Turkish flag.

They send the floating drilling rig Yavuz to the region – New provocations by Erdogan

An oil and gas exploration platform in the Black Sea. Photo: EPA-EFE/VASSIL DONEV

A consortium of Italy's Eni and Russia's Novatek plans on March 25 to start exploratory oil and gas drilling offshore from Montenegro under a concession contract signed in 2016.

The cost of the most popular gasoline A95 will up and its price is expected to reach BGN 2 per liter, forecast owners of small gas stations, bTV reported.

Fuel prices have jumped by BGN 0,17-0,18 per liter wholesale and by 0,10-0,12 in retail network.

The International Energy Agency (IEA) has lowered its oil demand forecasts by the end of the current year and 2021 as a result of lower air fuel consumption due to the lower number of air passengers as a result of the second wave of coronavirus pandemic.