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.But the landlocked region risks facing an upstream investment crisis in the 2020s. This could shape the strength of hydrocarbon-dependent economies like Azerbaijan and Kazakhstan for decades to come…
Dubai-based Dragon Oil signed a $1 billion deal to renew its production partnership in Turkmenistan with state-owned Turkmen Oil for 10 years after the current contract expires in May 2025, the United Arab Emirates state news agency WAM said on Monday…
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…
Offshore helicopter operator Bristow has said it has successfully repatriated offshore workers in the oil and gas industry with suspected cases of the novel coronavirus – COVID-19 – using three specially-configured former search and rescue aircraft…
Khazar Exploration and Production Company (KEPCO), a subsidiary of National Iranian Oil Company (NIOC) which handles exploration operation in the Caspian Sea region in northern Iran, has announced the start of two major projects within areas run by the company…
GAC Marine’s branch in Turkmenistan has been awarded two contracts by Petronas Carigali, a subsidiary of Petronas, to provide marine services for its development of the Garagol Deniz West (GDW) oil field.The service provider of full marine transportation…
How did global oil and gas exploration fare in 2017? It depends on who you ask. Photo from Maersk Drilling. Rystad Energy reported today (21 December) that 2017 was another record low year…
Caspian Sea focused Dragon Oil has awarded a US$100 million contract to offshore support vessel (OSV) firm Topaz Energy and Marine for use of six vessels. Dragon Oil is the upstream oil and gas subsidiary of Emirates National Oil Company (ENOC)…
Vallianz Holdings secured long-term charter contracts for four vessels valued at up to US$115 million in total in the Middle East, Egypt, and Turkmenistan. The contracts mark Vallianz’s entry into two new markets in the Middle East and Central Asia…
Rystad Energy’s new report claims that there is hope in the oilfield service industry despite the current downturn, with an expected US$30 billion growth to be seen in the next two years. Closed and abandoned service markets as well as…
Getting to grips with the condition of older assets can be a difficult task. Stefano Copello outlines RINA’s approach to revitalization. The re-used jacket of the Nenè platform, owned by Eni Congo…
A deadline between western nations and Iran over the country's nuclear activities in a move which could open the country to international oil firms has once again been delayed. A deal, which would see sanctions lifted on the oil and gas rich nation…
The UK government is giving Dea UK and partner LetterOne three to six months for a further change of control for UK North Sea petroleum licenses or they will be revoked. RWE Breagh installation…
The landscape of risk will continue to change in 2015 for the offshore upstream sector. While new risks are expected to appear, many will remain familiar and consistent with recent years. Some of the biggest concerns are also likely to be eclipsed by potential opportunities…
No end in sight for giant conventional discoveries Despite the developments in unconventionals over recent years, giant conventional oil and gas fields continue to be discovered around the world. Over the past 10 years, eight of the top…
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