Turkish vessel to begin deep-sea drilling in Black Sea - DAILY SABAH

19.3.2017

The seismic detection vessel "Barbaros Hayrettin Paşa," belonging to the Turkish Petroleum Corporation, has started to conduct deep-sea drilling and seismic exploration of oil and natural gas resources in Samsun, Ordu and Giresun in the Black Sea.

The Turkish Petroleum Corporation, which is a subsidiary of the Ministry of Energy and Natural Resources, has begun natural gas and oil exploration in the Black Sea. The ship Barbaros Hayrettin Paşa which anchored in the Samsun Port harbor on Saturday and received logistic support, started to conduct research on Samsun, Ordu and Giresun offshore. Moreover, onboard the vessel, which will conduct research for three months in the region, are 44 crew members, including mostly researchers.

Exxon eyes Israel after Cyprus win - GLOBES

9 Mar, 2017 14:09
Nati Yefet

After winning a Cypriot government tender, Exxon Mobile has expressed interest in bidding for Israeli natural gas tenders.
Minister of National Infrastructure, Energy and Water Resources Yuval Steinitz met last week with senior executives from Exxon Mobil and Royal Dutch Shell during his visit to the US. The minister's associates say that while Royal Dutch Shell will probably not take part in the new tender for oil and gas exploration licenses in Israeli waters, the Exxon Mobil executives came equipped with a great deal of relevant information, and expressed interest in the tender.

Energy diversification top priority for Turkey, Minister Albayrak says - DAILY SABAH / ANADOLU AGENCY

AA Photo

HOUSTON, TX, 8 March 2018

Turkey's main goal in the energy sector is diversification, Energy Minister Berat Albayrak told a U.S. conference Tuesday.

"More than half of our electricity generation is from gas," he told the IHS CERAWeek energy conference in Houston, Texas. "This can't be sustainable, so we changed this strategy.

"We are aiming to diversify our natural gas portfolio in the following years."

The last 15 years have seen Turkey's GDP rise from $200 billion to more than $800 billion, while public debt to GDP ratio shrunk from 80 percent in 2002 to around 30 percent today.

"You have to invest in energy to meet this growth and your growth targets," Albayrak said.