Caspian Sea News


Kazakhstan Set for Notable Oil Output Cut During Kashagan Maintenance

Sep 09, 2024

Kazakhstan's energy ministry said on Friday it expects a significant reduction in oil production during planned maintenance at its giant Kashagan oilfield in October.The ministry said Kazakhstan reaffirmed its commitment to the OPEC+ agreement…

Saipem Hooks BP’s Job in Caspain Sea Off Azerbaijan

Jul 12, 2024

Italian offshore energy services firm Saipem has signed a framework agreement with BP for the delivery subsea services at the Shah Deniz and Azeri-Chirag-Gunashli fields, offshore Azerbaijan.The contract with BP was signed by Saipem, in consortium with BOS Shelf and BOS Shelf International FZCO…

BP Suspends Production at Azerbaijani Platform for Maintenance Works

Apr 29, 2024

BP, as the operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development in the Caspian Sea, has kicked off planned maintenance (turnaround - TAR) works on the Deepwater Gunashli platform.In accordance with the plan, production from…

BP Starts Oil Production at Major New Platform Offshore Azerbaijan

Apr 17, 2024

BP, as the operator of the Azeri-Chirag-Gunashli (ACG) project, has started oil production from the new Azeri Central East (ACE) platform as part of the ACG field development in the Azerbaijan sector of the Caspian Sea.The ACE platform is the…

Oil Spill Spotted Near Kazakh Oil Field in Caspian Sea

Apr 02, 2024

An ecological organization in Kazakhstan said on Tuesday that a large oil spill had been captured by satellite imagery in the northern Caspian Sea near Kazakhstan's giant Kashagan oil field.Galina Chernova of the Globus environmental organization posted on Facebook that a slick of around 7 sq km (2…

BP Launches Its ‘Largest-Ever’ Seismic Program at Azerbaijan Oil Field

Jan 24, 2024

BP has started a new four-dimensional (4D) high-definition ocean bottom node seismic program on its Azeri-Chirag-Deepwater Gunashli (ACG) oil field in the Caspian Sea, offshore Azerbaijan.This is the largest-ever seismic acquisition commitment made by BP globally by all its aspects – area size…

West Azeri Platform Marks 1 Billion Barrels Milestone

Dec 29, 2023

West Azeri platform, located in the Caspian Sea at Azeri-Chirag-Gunashli (ACG) oil field, has achieved 1 billion barrels total production.The announcement was made by BP, which is the operator of ACG oil field, on behalf of its partners SOCAR…

Serbia Signs Gas Supply Deal with Azerbaijan

Nov 15, 2023

Serbia signed a deal with Azerbaijan to purchase 400 million cubic meters of natural gas per year from 2024, Azerbaijan's energy ministry said on Tuesday.Serbia, which is almost fully dependent on Russian gas supplies, has long planned to purchase…

Turan Drilling & Engineering Bags $300M Offshore Contract in Azerbaijan

Oct 10, 2023

Turan Drilling & Engineering has secured a contract extension with a value of $300 million, for the provision of offshore drilling operations and maintenance services in Azerbaijan.The two-year extension, effective from April 2024, will see the company…

Why the Volatile South Caucasus is Important for Oil and Gas supplies

Sep 22, 2023

Azerbaijan is trying to take back control of Nagorno-Karabakh, a breakaway territory controlled by ethnic Armenians, in the latest escalation of a decades-old conflict. Developments over Karabakh could alter the geopolitical balance in the South Caucasus…

Caspian Sea Gas Project Absheron Officially Inaugurated

Sep 01, 2023

An official inauguration ceremony was held this week for the Absheron gas field, located in the Caspian Sea, offshore Azerbaijan.To remind, the first development phase of the field, owned by TotalEnergies and Socar and, as of recently, ADNOC…

BP Installs Massive 19,600-tonne Topsides Unit on Caspian Sea Jacket

Aug 15, 2023

Oil major BP has completed the installation of the 19,600-tonne topsides of the $6 billion Azeri Central East (ACE) project platform onto a jacket in the Caspian Sea, offshore Azerbaijan.Constructed by Azfen in the Bayil fabrication yard, the…

UAE's ADNOC to Take 30% Stake in Caspian Sea Field

Aug 04, 2023

Abu Dhabi National Oil Company (ADNOC) has agreed to acquire a 30% stake in the TotalEnergies-operated Absheron gas and condensate field in the Caspian Sea, for an undisclosed fee.Upon completion of the transaction, ADNOC will own a 30% stake in Absheron…

Azerbaijan Oil Output Declines 8% to 15.2 mln metric Tons in Jan-June

Jul 12, 2023

Azerbaijan's oil output was at 15.2 million metric tons between January and June, country's, energy minister Parviz Shahbazov said on Wednesday on Twitter, a decline of 8% from the year-earlier period.Production of oil in Azerbaijan has been…

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