Azerbaijan has signed a new deal with Turkey to supply gas from its giant offshore Shah Deniz I field, Azerbaijan's energy minister Parviz Shahbazov told Reuters on Thursday.Azerbaijan halted gas supplies from Shah Deniz I to Turkey in April after the contract expired…
Russian oil and gas company Lukoil has agreed to acquire a 15.5% stake in the Shah Deniz offshore gas field in the Azerbaijan sector of the Caspian Sea from Malaysia's Petronas.Lukoil said the value of the transaction was $2.25 billion, with the completion is subject to certain conditions precedent…
Russian oil firm Lukoil has agreed to acquire a stake in a BP-operated offshore project in the Azerbaijan part of the Caspian Sea.Lukoil will take a 25% stake from BP, which will retain a 25% stake and remain the operator of the project called…
British oil company BP will suspend its Chirag platform in Azerbaijan on Sept. 23 for planned maintenance that will last for 25 days, BP Azerbaijan said on Thursday.The oil major uses the Chirag platform to produce oil at the Azeri-Chirag-Guneshli (ACG) fields in the Caspian Sea…
Toronto-listed SNC-Lavalin has completed the closing of the sale of its Resources Oil & Gas business on August 15, following receipt of Saudi Arabian regulatory approval.SNC-Lavalin previously said that it had closed the sale of a substantial portion of its Resources Oil & Gas business on July 29…
Bluewater-backed energy services firm Kent, formerly known as Kentech, has completed the acquisition of the majority of SNC-Lavalin’s oil and gas division, with a minority portion to follow at a later date. 'The Company now harnesses the strength…
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