Gas standoff in East Mediterranean as Turkey confronts Eni drillship

Tensions between Turkey and Cyprus over ownership of offshore hydrocarbon resources in the Mediterranean flared up…

Future of Chabahar and Farzad B high on agenda for Rouhani visit to India

Progress on the upgrade of the Iranian port of Chabahar and delays over the awarding of…

Exxon’s Black Sea hopes dashed

The Trump administration has rejected Exxon Mobil’s  application for a waiver from sanctions imposed on Russia after…

Exxon in bid to resume Russian JV

Exxon Mobil has applied to the Treasury Department for a waiver from US sanctions on Russia in…

Eni sells Zohr stake to Rosneft and gives Qatar a foothold in the Med

Just weeks after snapping up the Russian government’s stake in Bashneft for around $5bn and days…

Total wins race to sign first energy deal with Iran since end of sanctions

France’s Total this week became the first western energy company to sign a major deal with Tehran…

Russian Minister passes Turkish Stream buck back to Brussels

Russia will only agree to build a European extension to its Turkish Stream pipeline once it…

Baku extends Absheron deadline in price tussle with Total

Azerbaijan has  agreed to give France’s Total more time to submit its  development plans for the first phase…

Minister hails ‘new chapter’ as Lukoil buys stake in Norwegian oil licence

Lukoil subsidiary Lukoil Overseas North Shelf , has acquired a 20% stake in the first Norwegian oil…

Tehran to raise $1.2bn in South Pars bonds to pay for future development

South Pars bonds: Iran’s oil ministry was today due to issue $1.7bn in bonds, $1.2bn  of which will…

BP Azerbaijan announces plans to drill off Absheron peninsula

BP Azerbaijan is planning  to start exploratory drilling on  in the shallow waters of the Absheron peninsula…

Rosneft subsidiary starts drilling at Vietnam’s offshore fields

Vietnam’s offshore  fields: Rosneft Vietnam has started drilling exploration wells in the Nam Con Son Basin…

Rouhani and Aliyev pave way for Caspian Sea cooperation

Caspian Sea cooperation: During a meeting with his Azeri counterpart Ilham Aliyev in Tehran yesterday, Iran’s President Rouhani…

Kish Island gas field operational next year, refinery to be financed by FDI

Iran expects to start recovering gas from its Kish Island gas field in the Persian Gulf…

Total close to deal over next-generation rig for Absheron field in Caspian Sea

France’s Total company and Azerbaijan’s state-run SOCAR are close to completing negotiations on the completion and delivery of…

Shah Deniz 2 on course for 2018 – BP

The massive Shah Deniz 2 gas project in Azerbaijan’s sector of the Caspian Sea is now…

Ineos buys up Fridman’s North Sea fields

The Swiss chemical company Ineos has acquired the 11 oil and gas fields in the UK’s North Sea waters that Russian…

Russia ‘too slow’ to find new sources of offshore technology

Offshore technology: Russia was ‘too slow’ to find alternative supplies of equipment for offshore oil production…

Eni discovers ‘supergiant’ gas field off Egypt

The Italian energy company Eni has discovered a “super giant” natural gas field off the Mediterranean coast of…

Turkmen gas exports to Europe move up Caspian agenda

Turkmen gas exports to Europe: Foreign ministers from Azerbaijan, Turkmenistan and Turkey today resolved to trilaterally…

Bulgaria to develop Khan Asparuh oil field in Black Sea

Bulgaria is to begin developing the Khan Asparuh oil field in its Black  Sea waters next…

Iran earmarks $1.4bn for development of Kish gas field

Iran has earmarked $1.4bn for  the development of the Kish gas field to the south of Kish Island…

Eni secures joint subsoil use rights for Isatay block in Caspian Sea

Kazakhstan’s  KazMunayGas (KMG) has announced that it has transferred 50% of subsoil use rights of the Isatay…

Sanctions force Rosneft to postpone drilling of second Kara Sea oil well

Western sanctions are likely to force Russian state oil producer Rosneft to postpone drilling a second well…