Calamos Supports Greece

drilling

Greece, Cyprus on Edge as Turkey Plans New Drilling in the Med

Turkey has announced new drilling in the Eastern Mediterranean with the newly-inaugurated Abdulhamid Han drillship set to sail in the coming days. “Its new mission is planned to be in the Mediterranean,” said the director general of the Turkish Oil...

Greece Sets 2023 as Make or Break Year for Natural Gas Exploration

Greece said on Tuesday that by 2023, it will be known whether it has natural gas reserves that are economically viable to extract, as the country tries to cut its reliance on Russian energy. Prime Minister Kyriakos Mitsotakis, who met...

Erdogan Reportedly Tells German Chancellor Merkel “We Are Starting Drilling”

Responding to Thursday's signing of a maritime agreement between Greece and Egypt delineating the EEZ's of each nation, Turkish President Recep Tayyip Erdogan is reported to have told German Chancellor Angela Merkel that his nation would again recommence drilling...

Greece Open to Dialogue with Turkey But Not "At Gunpoint"

Greece is open to a dialogue with Turkey but not under threats, the country’s Foreign Minister Nikos Dendias reiterated on Wednesday. Speaking on state broadcaster ERT, Dendias criticized Turkey for issuing “threats and deadlines,” adding that dialogue cannot be held...

Turkey Backs Down From Conflict with Greece (For Now)

Turkey announced on Tuesday that it will “put on hold for a while” energy-exploration operations in the eastern Mediterranean Sea that have raised tensions with Greece and Cyprus. Presidential spokesperson Ibrahim Kalin, revealed that Erdogan said “let's follow a constructive...

Did Germany's Merkel Stop a Military Conflict Between Greece and Turkey?

German Chancellor Angela Merkel was instrumental in preventing a military confrontation between Greece and Turkey on Tuesday evening, according to German media reports. According to the newspaper Bild, Navy ships and fighter jets from both countries were on standby, after Ankara's...

Greece Responds to Turkey's Plans by Issuing Counter-Navtex in East Med

Greece and Cyprus issued a counter-Navtex on Wednesday in answer to Turkey’s issuance of a similar alert for an area which lays within Greece’s Exclusive Economic Zone (EEZ) and is set to last until August 2. The Navigation Telex by...

Turkey Plans New Drillings Off Cyprus, Fueling Mediterranean Tensions

Turkey issued a new notice for its continued gas exploration and drillling inside the Cypriot Exclusive Economic Zone (EEZ) on Wednesday, further fueling tensions in the Eastern Mediterranean. The Navigational Telex (Navtex) covers the area southwest of the island for...

Greece, US Back Drilling Off Crete; Call for Respect for International Law

Greek and American officials hailed the partnership between oil giants ExxonMobil of the US, Total of France and Hellenic Petroleum in two offshore exploration licenses off Crete during a Monday teleconference. "Both sides welcomed the participation of ExxonMobil in partnership...

Erdogan Ratchets Up Rhetoric Against Greece; Hagia Sophia Decision on July 2

Turkish President Recep Tayyip Erdogan on Monday warned Greece to stop issuing empty threats over his country's planned oil and gas drilling operations in the eastern Mediterranean, which Athens says violates Greek sovereignty. In an interview with Turkey's TRT channel,...