•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    ExxonMobil continues talks with Turkey over shale gas exploration

    ExxonMobil is in talks with state-run Turkish Petroleum Corp. (TPAO) over a venture to explore for shale gas in the country's southeast and northwest regions, Reuters reports.

    Exxon held talks with TPAO in 2012 to discuss a partnership in shale, but the negotiations were inconclusive. According to Reuters, talks have since advanced and are now likely to result in an agreement.

    Exxon is reportedly interested in onshore opportunities in the southeast, and in the Thrace Basin in northwestern Turkey.

    Investors from the US, Europe, and Canada are also interested in Turkey's shale gas and oil, and Turkish officials may hold talks with potential investors in October.

    Estimates of Turkey's shale gas reserves vary wildly. One energy official said data from some international bodies suggested Turkey could have a massive 20 trillion cubic meters (cbm) of total reserves. Another industry expert said proven reserves so far stood at just 6-7 billion cbm.

    Reuters noted that Royal Dutch Shell is drilling for shale gas in the region around the southeastern city of Diyarbakir, and Canadian firm TransAtlantic Petroleum is also active in the region.

     

    Related Articles

    Oilfield equipment rental market worth $53.7B by 2019

    09/02/2014 The market study "Oilfield Equipment Rental Market by Drilling Equipment (Drill Pipe, Drill Collars, Heavy-Wate, Drill Subs), Pressure & Flow Control Equipment (BOP, Valves & Manifolds...

    Transformational technology

    08/11/2014

    Unconventional resources have transformed the North American oil and gas industry and have enabled the United States to get closer than ever to energy self-sufficiency.

    Embattled Brent

    08/11/2014

    Uneasy is the head that wears the crown. This phrase - famously penned by William Shakespeare for the play Henry IV - is surprisingly relevant when discussing today's crude oil markets.

    Shale advances in several countries

    07/18/2014 By 2019, tight oil supply outside the United States could reach 650,000 barrels per day, including 390,000 b/d from Canada, 100,000 b/d from Russia, and 90,000 b/d from Argentina, according to a ne...

    Permian gearing up for increased output

    07/18/2014

    The use of horizontal rigs and hydraulic fracturing technology has revived the Permian Basin.

    More Oil & Gas Financial Articles

    Oilfield equipment rental market worth $53.7B by 2019

    Tue, Sep 2, 2014

    The market study "Oilfield Equipment Rental Market by Drilling Equipment (Drill Pipe, Drill Collars, Heavy-Wate, Drill Subs), Pressure & Flow Control Equipment (BOP, Valves & Manifolds), Fishing Equipment and Other Equipment – Global Trends and Forecasts to 2019" published by MarketsandMarkets, defines and segments the market with regional forecast and segment revenue estimates through to 2019.

    Transformational technology

    Mon, Aug 11, 2014

    Unconventional resources have transformed the North American oil and gas industry and have enabled the United States to get closer than ever to energy self-sufficiency.

    Embattled Brent

    Mon, Aug 11, 2014

    Uneasy is the head that wears the crown. This phrase - famously penned by William Shakespeare for the play Henry IV - is surprisingly relevant when discussing today's crude oil markets.

    Shale advances in several countries

    Fri, Jul 18, 2014

    By 2019, tight oil supply outside the United States could reach 650,000 barrels per day, including 390,000 b/d from Canada, 100,000 b/d from Russia, and 90,000 b/d from Argentina, according to a new report from the International Energy Agency dated June 17.

    Permian gearing up for increased output

    Fri, Jul 18, 2014

    The use of horizontal rigs and hydraulic fracturing technology has revived the Permian Basin.

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ