Azerbaijan News

 

Socar continues search for missing workers

Dec 07, 2015

A search for missing oil workers continues in the Caspian Sea following a fire offshore Azerbaijan that started last week, on 4 December. Socar's West Azeri plaform. Image from Socar's Facebook…

OE15: Opportunities in Azerbaijan

Sep 08, 2015

Azerbaijan represents around $17billion of bidding opportunities for UK oil and gas companies, according to UK Trade and Investment (UKTI). At the government department’s Azerbaijan market briefing yesterday, the agency said skills developed…

SOCAR-AQS, Archer, Nobel form JV in Azerbaijan

Jun 12, 2015

SOCAR-AQS signed a joint venture (JV) agreement with Archer Assets UK and Nobel Oil Services to establish Oğuz Drilling, a new platform drilling company in Azerbaijan, with a focus on the Caspian Sea. With support from SOCAR-AQS, Archer and Nobel Oil Services…

Statoil completes sale of Shah Deniz share

Apr 30, 2015

On 30 April 2015, Statoil completed their sale of 15.5% share in Shah Deniz to PETRONAS, announced previously on 13 October 2014. The sale involved the transfer of Statoil’s 15.5% participating interest in the Shah Deniz production sharing agreement…

Blue Water, Baku Shipyard ink contract

Apr 28, 2015

Blue Water Shipping signed a contract with Baku Shipyard covering the transport of two hull sections from Singapore to the newly established Baku Shipyard in Azerbaijan. 

 Map from Blue Water…

BP, SOCAR to explore Caspian Sea

Dec 22, 2014

BP and the state oil company of the Republic of Azerbaijan, SOCAR signed a production sharing agreement (PSA) for the exploration and development of the potential prospects in the shallow water area around the Absheron Peninsula located in the Azerbaijan sector of the Caspian Sea…

Keppel lands Kraken and Shah Deniz jobs

Jul 01, 2014

Keppel Offshore & Marine subsidiaries Keppel Shipyard and Keppel Singmarine Pte have secured contracts worth a total of S$368 million for North Sea and Caspian Sea projects. Keppel Shipyard has won the contract for the conversion…

Saipem wins Caucasus E&C contracts

May 28, 2014

Saipem has been awarded a new engineering and construction contract in the Caucasus region and some new drilling contracts in the Middle East, for a total value of about US$750 million. In the E&C onshore sector, Saipem has been awarded by the Shah Deniz consortium…

PD&MS secures BP Caspian contract

Jan 14, 2014

PD&MS Energy has secured a three year contract to provide platform engineering services and upgrades for BP-operated projects in the Azerbaijan-Georgia-Turkey region (AGT). The Aberdeen-based firm has options to extend the contract by an additional five years…

Azerbaijan's SOCAR forms JV with Fugro

Dec 23, 2013

Fugro has reached agreement with The State Oil Company of the Azerbaijan Republic (SOCAR) to form a new Joint Venture for the performance of bathymetric, geophysical and geotechnical surveys, the provision of autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs)…

Baku shipyard JV opens

Sep 20, 2013

A new shipbuilding yard, jointly developed by Keppel Offshore & Marine, Azerbaijan’s state oil firm SOCAR and Azerbaijan Investment Company (AIC), was officially opened this morning, September 20.  Baku Shipyard is a 62ha yard, in Baku…

Statoil and SOCAR sign memorandum of understanding

May 15, 2013

Statoil and SOCAR signed a memorandum of understanding (MoU) to jointly explore and develop the Zafar-Mashal structures in the Azerbaijani sector of the Caspian Sea. The MoU defines the framework within which the companies will explore the opportunities…

Statoil to explore Caspian with SOCAR

Apr 08, 2013

Statoil and SOCAR took a step forward in strengthening their cooperation by signing a memorandum of understanding (MoU) to jointly explore and develop the Zafar-Mashal structures in the Azerbaijani sector of the Caspian Sea. The agreement was signed in Baku…

Gordon Birrell new regional president of BP

Dec 07, 2012

Gordon Birrell BP head of safety and operational risk for Azerbaijan, Georgia and Turkey, is replacing Rashid Javanshir as regional president. Javanshir, who had run BP’s AGT operations since 2009, returns to London as SVP for strategy and integration.

Shah Deniz 2 raises Caspian profile

May 01, 2012

The land-locked Caspian Sea returned to offshore industry centre-stage last month with BP’s confirmation that front end engineering and design had begun for stage two of the huge Shah Deniz gas field development. Terry Knott reports.The Shah Deniz consortium…

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