Calamos Supports Greece

drilling

Turkish Drilling Ship "Fatih" Begins Operation Off Cyprus, Flaunting EU Warnings

The Turkish oil-and-gas drilling ship Fatih has started its operations off the coast of northeastern Cyprus, Turkish vice president Fuat Oktay said on Friday, despite warnings from European Union for Ankara to stand down. On Monday, the EU Foreign Affairs...

France, Cyprus Joint Naval Exercises Seen as Message to Turkey

France and Cyprus are conducting naval maneuvers off the coast of Cyprus as the east Mediterranean island nation is embroiled in a tense dispute with Turkey over offshore gas drilling. Two French frigates heading to Syria plan to take part...

Greece's Defense Minister Says France Sending Frigate Off Cyprus

Greek Defence Minister, Nikos Panagiotopoulos, said on Friday that a French frigate would arrive shortly in block 7 of Cyprus’ Exclusive Economic Zone (EEZ) where French energy giant Total holds a concession with Italy’s Eni. Eni CEO Claudio Descalzi said...

''I Don't Want to Provoke War'' Italian Oil Company Chief Says on Cyprus Drilling

Claudio Descalzi, the Chief Executive of Italy's ENI oil company said on Thursday that he does not want to be the cause of war because of his company's activities off the coast of Cyprus. Speaking at a conference which took...

Greece to Allow Drilling for Oil, Gas at More than 30 Underwater Sites

More than 30 areas believed to be ripe for hydrocarbon exploration have been identified in the Ionian Sea and the sea area west and south of Crete, the Athens-Macedonian News Agency (AMNA) reports. The map showing the various sites was...

Greek Parliament Ratifies Concessions for Offshore Drilling in Ionian Sea and Crete

The Greek Parliament on Thursday ratified four concessions allowing the exploratory drilling and extraction of hydrocarbons in regions of the Ionian Sea as well as the waters west of Crete. Lawmakers approved the legislation for the ratification of the agreement...

Cyprus Warns of “Severe Escalation” as Turkish Drillship Violates its Rights

Cyprus on Friday said Turkey’s action in sending a drill ship to the southwest coast of the island and within its exclusive economic zone (EEZ) was a “severe escalation”. The Yavuz drill ship, escorted by two Turkish frigates, has stopped...

Oil and Gas Contracts for Ionian Sea, Crete Now Before Greek Parliament

The proposed contracts for hydrocarbon exploration in four areas of the Mediterranean off Crete and the Ionian islands were brought before the Greek parliament on Wednesday for discussion and ratification. The contracts include the area designated as "Ionio," with rights...

Turkey Reserves New Area Off Cyprus for Oil Drilling

Turkey issued a new Navigational Telex (Navtex) on Thursday night, making it known that they are reserving a maritime area in Cyprus’ exclusive economic zone (EEZ) for additional oil drilling operations. The new Navtex particularly concerns the movements of the...

Turkey Sends Aircraft, Frigates, and Submarines to Shadow Drillships Off Cyprus (video)

Turkey has recently increased its navy buildup in the eastern Mediterranean Sea off Cyprus, and Turkish drilling vessels are currently operating in the company of Naval Forces Command elements. Turkey's Naval Forces Command is providing full protection to the drilling...