Tuesday, March 31, 2020

Shah Deniz News

SOCAR Petrofac JV Wins BP Contract

(Photo: Petrofac)

Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured a Project Management Services contract to support BP’s operations…

EIA: Azerbaijan Surges in Natural Gas

Graphics: U.S. Energy Information Administration

Azerbaijan is an important supplier of crude oil and natural gas in the Caspian Sea region, particularly to European markets, the US Energy Information Administration said in…

Azerbaijan's Jan-Aug Oil Exports via Turkey Pipeline Down

© Roger Asbury / Adobe Stock

Azeri oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey declined by 0.8 percent to 22.288 million tonnes in the first eight months of this year versus the same period in 2017, the Sta

BP Says its Azeri Oil Output Rises

BP said on Wednesday that oil output at its projects in Azerbaijan rose to 596,000 barrels per day (bpd) in the first half of 2018 from 585,000 bpd a year earlier.In the first six months of 2018, the company produce

Fraser to Head DNV GL’s Noble Denton Marine Services

Neil Jamieson Fraser (Photo: DNV GL)

DNV GL has appointed Neil Jamieson Fraser as its new head of Noble Denton marine services in the UK and West Africa. The role will focus on marine warranty, marine advisory/assurance…

BP Plans No Azeri Platform Shutdowns in 2018

Photo: BP

British oil major BP, which operates a number of oil and gas fields in Azerbaijan, plans no maintenance shutdowns of platforms there this year and intends to advance with new projects…

EIB Approves $1.85 Bln Loan to TAP Gas Pipline

The European Investment Bank on Tuesday approved a 1.5 billion euro ($1.85bln) loan for the Trans-Adriatic Pipeline (TAP) to bring new gas supplies to Europe and reduce dependence on Russia…

$500 Mln Loan Approved for TANAP Gas Pipeline Project

The board of the European Bank for Reconstruction and Development (EBRD) has approved a $500 million loan for the Trans-Anatolian Natural Gas Pipeline (TANAP), the largest part…

BP, SOCAR to Ink Caspian Sea Exploration Deal

Azeri state energy company SOCAR plans to sign a production-sharing agreement with BP to jointly explore prospects in a new block, D-230, in the North Absheron basin of the Caspian Sea before the end of 2017…

BP Halts Work at Azeri Shah Deniz Platform

Oil major BP has stopped work on its platform at the Azeri Shah Deniz gas field for about 14 days due to maintenance works, effective from Aug. 14, the company said on Tuesday.

BP Appoints Heads of production, Drilling

BP has reshuffled its exploration and production division as the oil company readies for the biggest jump in output in its history. The British firm is launching a record number…

BP says 2016 Oil Output at Azeri Projects Down

Oil output at BP-led oilfields in Azerbaijan in 2016 edged down to 630,000 barrels per day (bpd) from 634,000 bpd a year ago, BP-Azerbaijan said on Tuesday. Natural gas production…

Gazprom eyes Rival TAP Pipeline

TAP aims to reduce EU dependence on Russian gas, but Gazprom could gain access via open auction. Gazprom's bid to tap into a pipeline meant to wean Europe off Russian gas threatens…

Global Crane Contracts Give EnerMech $105m Lift

EnerMech Mechanical Handling Services Director John Morrison (Photo: EnerMech)

EnerMech’s cranes and lifting division has benefited from a £85 million-plus ($105m)  uplift to its order book with a series of contract wins, extensions and renewals. The Aberdeen…

BP, Azerbaijan's SOCAR Outline Caspian Sea Exploration Deal

BP and Azerbaijan's state oil company SOCAR announced on Wednesday they had signed a memorandum of understanding (MoU) to jointly explore prospects in a new block, D230, in…

Greece, Partners Sign off Trans-Adriatic Pipeline to Widen Gas Supply

Five countries in south-east Europe formally signed off on the construction of a pipeline which will transport Caspian gas to European markets in an attempt to ease their reliance on Russia.

Shah Deniz Partners Award Subsea Installation Deal

Shah Deniz Stage 2, or Full Field Development (FFD) is a giant project that will add a further 16 billion cubic meters per year (bcma) of gas production to the approximately 9 bcma produced by Shah Deniz courtesy Saipem Contracting Netherlands

The Shah Deniz consortium today announced the award of a $1.5 billion contract for the transport and installation of the deeper water subsea production systems for Shah Deniz Stage 2 to the BOS Shelf LLC…

Topaz to Supply 14 Vessels for BP in Azerbaijan

Photo: Topaz Energy and Marine

Offshore support vessel company Topaz Energy and Marine informs it has secured 14 offshore support vessel contracts with BP Exploration (Caspian Sea) Limited. Under the terms of the agreement…

Topaz, BP Ink 14 Offshore Ship Contract

The PSV Caspian Server Courtesy TOPAZ

Topaz Energy and Marine, a leading offshore support vessel company, has secured 14 offshore support vessel contracts with BP Exploration (Caspian Sea) Limited ("BP"). Under the terms of the agreement…

Saipem Faces Falling Margins and New Rivals

Italian oil contractor Saipem faces new challenges after raising 3.5 billion euro ($3.8 bln) to stay afloat, as rising competition in its lucrative pipe-laying business threatens margins and orders.