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'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…
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 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…
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…
38 high-impact exploration wells were drilled in the first half of 2022, similar to the same period in 2021 when 39 wells completed, says industry analysts Westwood Global Energy Group. The 38 wells resulted in 13 potentially commercial discoveries at a 34% commercial success rate…
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, 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…
José Eduardo dos Santos, who ruled Angola for nearly four decades, winning a brutal civil war and overseeing an oil-fuelled boom that did little to alleviate poverty, died on Friday. He was 79 years old.The presidency said Dos Santos died at the Barcelona Teknon clinic…
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 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)…
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…
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…
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, 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…
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