U.S. oil giant Chevron has sold its stake in the BP-operated offshore oil fields in the Caspian Sea in Azerbaijan to Hungary's MOL for $1,57 billion.More specifically, Chevron sold its non-operating interests in the Azeri-Chirag-Deepwater Gunashli…
The Russian oil company Lukoil is pressing ahead with the development of the Valery Grayfer field in the Caspian Sea. The company on Friday said it had launched the jacket of the living quarters platform from the yard to the Caspian Sea.The…
BP-operated Azerbaijan International Operating Co. (AIOC) has awarded Worley a contract for engineering, procurement and construction services as part of a gas lift project. Under the contract, ASX-listed oilfield services firm Worley will provide engineering…