Azerbaijan News

 

SOCAR Wants to Power Offshore Oil Rigs with Floating Wind. Signs Pact with Technip Energies

Jul 15, 2021

Azerbaijan's national oil company SOCAR has signed a cooperation agreement with energy services firm Technip Energies for a floating wind pilot project.SOCAR said the two firms would study sustainability measures in the offshore upstream activities, including CO2 emission reduction, improvement of power efficiency, and associated optimization in the total cost of ownership.'The cooperation agreement…

Azerbaijan: Shah Deniz Gas Field Nears Plateau as Deep-water Flank Brought Online

Jul 06, 2021

Azeri Shah Deniz giant offshore field is set to near its plateau gas production goal by starting up the East South deep-water flank, project leader BP said on Tuesday.The giant Shah Deniz gas project in the Caspian sea, split into two phases…

Report: SOCAR Says Platforms Safe after Fire Offshore

Jul 05, 2021

Azerbaijan’s state energy company, SOCAR, said on Sunday its offshore gas platforms in the Caspian Sea were safe after media reports of a large fire in the area.Videos and photos published online showed smoke rising above the sea off the coast…

Can the Caspian Still Compete for Upstream Capital?

Jun 28, 2021

The Caspian region – home to 6 million barrels of oil equivalent per day of liquids and gas production – has been near the forefront of the global energy sector since the 19th century. It is core to most of the majors and has a resource base that should be primed for longevity…

Petrofac, SOCAR JV Net $25M Deal to Support BP's Azeri Central East Project

Jun 24, 2021

Oilfield services firm Petrofac, in a joint venture with Azerbaijan's SOCAR, has won a contract to support BP's Azeri Central East (ACE) project, in the Caspian Sea, offshore Azerbaijan.Under the contract valued at about  $25 million, the Petrofac…

Azerbaijan Starts Gas Exports to Europe

Jan 04, 2021

Azerbaijan has started commercial natural gas supplies to Europe via the Trans Adriatic Pipeline (TAP), the energy ministry said on Thursday, beginning its push into the lucrative energy market dominated by Russia.The project has the backing…

Azerbaijan Pressing Ahead with Gas Pipeline Extension, Despite War

Nov 06, 2020

Azerbaijan will press ahead with plans to feed natural gas into an extended pipeline network to southern Europe, a senior official said, even as conflict rages for a sixth week in the enclave of Nagorno-Karabakh.Elshad Nassirov, vice-president of Azeri national energy company SOCAR…

Turkey Raises Size Estimate of Giant Black Sea Gas Find

Oct 19, 2020

Turkey has raised the estimated reserves in a gas field off its Black Sea coast to 405 billion cubic meters after finding an additional 85 billion cubic meters, President Tayyip Erdogan said on Saturday.Erdogan said in August the field contained 320 billion cubic meters of gas…

BP to Start Shipping Gas from Azerbaijan to Europe by Year-end

Oct 14, 2020

Oil major BP has confirmed plans to start shipping natural gas from Azerbaijan to Europe by the end of the year, as concerns about the military conflict over the Nagorno-Karabakh region have heightened.Armenia and Azerbaijan have been involved…

JDR to Link Two Azeri Platforms with Fiber Optic Power Cable

Sep 29, 2020

Subsea cable supplier JDR has won a contract with BP to manufacture and supply a 5.5km 33kV fiber optic power cable and a steel tube subsea isolation valve (SSIV) umbilical, for a platform project, offshore Azerbaijan.The 33 kV fiber optic power…

Azerbaijan: Socar Says Oil & Gas Facilities Unaffected by Conflict

Sep 29, 2020

Azeri state energy company SOCAR said on Tuesday the country's oil and gas infrastructure was safe thanks to measures taken by the army over military conflict in the region of Nagorno-Karabakh.The worst spate of fighting between Armenia and…

Oil Prices Drop as Demand Worries Counter U.S. Stimulus Hopes

Sep 29, 2020

Oil prices dropped on Tuesday, paring gains from the previous session, as persistent demand concerns due to the coronavirus pandemic outweighed hopes generated by a new U.S. stimulus package that lawmakers are struggling to agree.More than 1…

With U.S. LNG and Black Sea Find as Bargaining Chips, Turkey Seeks Better Gas Terms from Current Suppliers

Sep 10, 2020

Turkey expects gas suppliers to offer more competitive pricing and flexibility if they want to renew long-term contracts totaling 16 billion cubic meters a year, a senior energy ministry official said.More than a quarter of Turkey's long-term gas contracts expire next year…

Turkish Giant Offshore Gas Find 'Transformational', Woodmac Says

Aug 21, 2020

'Our Fatih drillship discovered 320 billion cubic meters of natural gas reserves, thanks to the drilling in the Tuna-1 well [...]. There is no stopping and resting for us until we become a net exporter in energy,' the Turkish president Recep Tayyip Erdogan tweeted on Friday…

Caspian Drilling & Engineering Firm Wins More BP Work. Hires 71 Workers

Aug 19, 2020

Turan Drilling & Engineering, a Caspian region focused joint venture between KCA Deutag and SOCAR AQS Company, has employed 71 new workers to support the newly awarded contract by BP.Following a $500 million contract award last year, Turan Drilling…

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