The Turkish Minister of Energy and Natural Resources of Turkey, in a post on Twitter, referred to the new Abdulhamit drilling rig and the work it is carrying out. “With the sweat of our engineers and the prayers of our nation, our ship will be lucky and its drilling will be fruitful,” wrote Fatih Donmez […]
Tag: drilling
Turkish threats, Greek readiness and unacceptable revisionism
Even if the Turkish Mass Media claim that Greece is imprisoned in the confines of its own paranoid microcosm and unnecessarily and illogically considers Turkey to be a threat; What the Turkish side wants to call Greek chimeras is a reality. And they show the practices of the Turkish president Recep Tayyip Erdogan himself, but […]
What are the messages from the ‘Abdulhamit Khan’ ship?
By Kostas Raptis The spectacular staging of the departure of Turkey’s fourth, largest and most powerful floating drilling rig, named “Abdulhamit Khan”, from the port of Tasuçu, Mersina, was worthy of a Tayyip Erdogan: with an aerial inspection of the Turkish head of state and finally a helicopter visit. The first mission of “Abdulhamit Khan”, […]
US: Shale oil companies not increasing production
US shale oil companies continue to show little sign of responding to high global prices with more output, only now it’s not just their focus on rewarding shareholders that’s holding them back, but also their preoccupation with cost overruns. As Bloomberg reports, combined oil and gas production forecasts from a dozen companies that reported second-quarter […]
US oil drilling rig in operation increases for 4 consecutive weeks: Baker Hughes
The number of US oil and gas drilling rigs in operation for the week up to 9th, announced by energy service company Baker Hughes, has increased for the first time since June 2018 for the fourth straight week. Producers have resumed drilling after crude oil prices have been hovering around $ 40 a barrel for […]