Valeura hit by market turbulence
The Turkish shale gas developer sees its appraisal programme results cause ripples amid nervous oil and gas investor sentiment
Turkey-focused Canadian independent Valeura Energy has had a busy second half of 2019, announcing the results of no less than five production tests on its unconventional gas assets in the Thrace basin. Unsurprisingly, investors have closely scrutinised the results. A majority of the tests—four at the Inali-1 well and a fifth at Devepinar-1—were positive. The exception was the fourth Inanli-1 result, which was more disappointing. Yet it was this latter set of findings that had a substantial impact on the share price. This begs the question of whether, in an environment where ESG and energy transition issues are racing up the investment agenda, oil and gas investors’ antennae are more sensitiv
Also in this section
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
3 March 2026
The killing of Iran’s Supreme Leader Ayatollah Khamenei in US–Israeli strikes marks the most serious escalation in the region in decades and a bigger potential threat to the oil market than the start of the Russia-Ukraine crisis
