Azerbaijan News

 

BP Produced 20.4 mln Tonnes of Oil in Azerbaijan in 2022 - Ministry

Jan 13, 2023

BP produced 20.4 million tonnes of oil in Azerbaijan in 2022, the energy ministry said on Friday.Gas production from the Azeri-Chirag-Guneshli (ACG) field totaled 13.4 billion cubic meters (bcm), the energy ministry said, while 25.2 bcm was produced from the Shah Deniz gas project…

Turkey's Black Sea Gas Find Now Amounts to 710 bcm - Erdogan

Dec 27, 2022

The total volume of natural gas Turkey has discovered in the Black Sea now amounts to 710 billion cubic meters (bcm) after a new field was located and a previous find was revised higher, President Tayyip Erdogan said on Monday. Speaking after a cabinet meeting…

16,000t Jacket Completed for Azeri Offshore Platform Project

Dec 14, 2022

Oil major BP said Tuesday that the jacket of the Azeri Central East (ACE) platform built at the Heydar Aliyev Baku Deepwater Jackets Factory (BDJF) was ready for load-out to sail away to its permanent location in the ACG contract area in the Caspian Sea…

Italy Expands Adriatic Drilling Rights to Boost Gas Output, Lower Price

Nov 07, 2022

Italy's new government will expand concessions to drill for gas in the Adriatic, Prime Minister Giorgia Meloni said on Friday, in a drive to double Rome's output to 6 billion cubic meters per year and lower energy prices for firms.The measure…

Equinor's EVP Exploration and Production International to Resign

Oct 10, 2022

Al Cook, Equinor's executive vice president for Exploration and Production International, has informed the Norwegian energy giant that he will resign to become CEO of a company outside the energy industry.'To secure a good hand over to his successor…

BP Azerbaijan Suspends Output at Shah Deniz Field's Alpha Platform

Aug 16, 2022

BP Azerbaijan said on Monday that production at its Alpha platform at the Shah Deniz gas field had been suspended on Aug. 14 for 14 days for planned maintenance.The company said last month that the suspension was due this quarter.(Reuters - Reporting by Nailia Bagirova…

Vattenfall Taps Aberdeen-based Engineering Firm for Offshore Wind Service Work

Aug 09, 2022

Aberdeen-based PD&MS Group has won a three-year operations and maintenance (O&M) contract with Vattenfall to support its offshore wind farms in Europe.The contract, of an undisclosed sum, will see the engineering, procurement, construction and commissioning (EPCC) specialist providing support…

EU Eyes Increased Imports of Azeri Gas in Pivot Away from Russia

Jul 15, 2022

The European Commission has proposed to EU countries a deal with Azerbaijan to increase imports of natural gas and support the expansion of a pipeline to do this, according to a draft document seen by Reuters.The draft memorandum of understanding…

Serbia Plans to Buys Azeri Gas to Diversify Supply

Jul 12, 2022

Serbia, which is fully dependent on Russian gas supplies, plans to purchase gas from Azerbaijan in 2023 when it expects an interconnector to Bulgaria's pipeline to be completed, Serbia's energy minister said on Tuesday.'We are currently talking…

Masdar Wants to Develop 10GW of Wind, Solar, Hydrogen Projects in Azerbaijan

Jun 07, 2022

Abu Dhabi-based Masdar has signed agreements with the Ministry of Energy of the Republic of Azerbaijan to develop clean and renewable energy projects in the country with a combined confirmed capacity of 4,000 megawatts (MW) as an exclusive concession…

Oil Output at Azerbaijan's ACG stood at 5 mln t in Q1

May 05, 2022

Oil output at the BP-led Azeri–Chirag–Gunashli project in Azerbaijan amounted to 5 million tonnes in the first quarter of 2022, BP BP.L said on Thursday.BP also said the Shah Deniz field produced more than 6 billion standard cubic meters (bscm)…

Brent Crude Tops $112. Tanker Owners "Are Having a Ball"

Mar 02, 2022

Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows confusion and panic among global crude oil traders, shipping firms and importers.The…

Lukoil Increases Stake in Shah Deniz Offshore Gas Field in Azerbaijan

Feb 18, 2022

Russian oil company Lukoil has completed the acquisition of a 9.99% interest from Malaysia's Petronas in the Shah-Deniz gas field in Azerbaijan.The transaction value amounted to $1.45 billion, Lukoil said Friday.Following the completion of the deal…

Lukoil to Buy 9.99% in Shah Deniz and Not 15.5% as Partners Exercise Pre-emptive Rights

Dec 13, 2021

Russian oil firm Lukoil will acquire a 9.99% percent in the Shah Deniz offshore gas field in the Azerbaijan sector of the Caspian Sea from Malaysia's Petronas and not 15.5% as agreed originally in October, as other partners in the field, BP and Socar…

Iran, Turkmenistan, Azerbaijan in Gas Swap Deal

Nov 29, 2021

Iran, Turkmenistan, and Azerbaijan have signed a gas swap deal for up to 2 billion cubic meters (bcm) per year, Iranian state news agency IRNA reported on Sunday.Under the swap deal, Iran will receive gas from Turkmenistan and deliver an equivalent amount to Azerbaijan at the Astara border…

Current News

BOEM Looks to Open 80 million Acres for Oil and Gas Lease Sale

BOEM Looks to Open 80 million

Libya, Turkey Sign MoU To Conduct Offshore Geophysical Study

Libya, Turkey Sign MoU To Cond

Japanese Firm Joins Floating Wind Demo off Spain

Japanese Firm Joins Floating W

SLB OneSubsea Gets Work on Northern Lights CCS Project Expansion

SLB OneSubsea Gets Work on Nor

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine