Discovery & DevelopmentTurkey’s Abdülhamid Han drillship has begun operations at the Amasra-4 well, aiming to expand the country's Black Sea natural gas production, which has already reached 8 mcm/day. Turkey’s domestic natural gas output, coupled with international partnerships in Iraq, Russia, and Azerbaijan (40,000 bpd combined), is reducing its import dependency, now down to 85%. Impact Oil & Gas has sold a stake in Namibia’s offshore blocks 2912 and 2913B to TotalEnergies, receiving $99M to cover pre-2024 costs. Coterra Energy (CTRA) announced $3.95B in acquisitions of assets from Avant Natural Resources and Franklin Mountain Energy, marking its first deals since the 2021 Cabot-Cimarex merger. The deals are expected to close in Q1 2025, reinforcing Coterra's shift toward oil-heavy operations amid low natural gas prices.

Source: Libya Today November 15, 2024 14:31 UTC