Browsing Tag
Azerbaijan
23 posts
Absheron gas project gets final investment decision with 2029 production target
TotalEnergies, SOCAR and XRG have sanctioned Absheron’s full-field expansion, targeting 6 bcm annual gas output and first production in 2029.
Emerson wins BP automation contract for $2.9bn Shah Deniz Compression build
Emerson wins integrated control and safety scope on BP's $2.9bn Shah Deniz Compression platform, extending an automation role that already spans a decade.
Gran Tierra sells South American oil assets for $1.33bn to eliminate debt
Gran Tierra’s $1.33 billion asset sale could eliminate debt and fund buybacks while shifting its future to Canada and Azerbaijan.
SOCAR buys ITOCHU’s 3.65% stake in Azerbaijan’s Azeri-Chirag-Gunashli field
SOCAR bought ITOCHU's 3.65% stake in Azerbaijan's Azeri-Chirag-Gunashli oil field on 3 August, one plank of a wider ITOCHU pivot to buybacks and aviation.
EU opens market to Armenian exports as Russia tightens economic pressure on Yerevan
Russia is closing markets to Armenian goods. The European Union is answering with tariff relief, funding and access to 450 million consumers.
Absheron gas and condensate field: Azerbaijan’s Caspian giant moving toward full field development
Absheron is an offshore gas and condensate field in Azerbaijan's Caspian Sea sector, operated by TotalEnergies, SOCAR, and XRG. Phase 2 FID targets July 2026.
Anglo Asian Mining (AIM: AAZ) hits record copper production in 2025 despite Demirli delay
Anglo Asian Mining posts record copper output and net cash in 2025. Find out how this multi-asset shift sets the stage for its 2030 mid-tier growth plan.
BP commits $2.9bn to Shah Deniz Phase 3, to expand solar and gas projects in Azerbaijan
BP ramps up Azerbaijan strategy with $2.9B Shah Deniz project, solar terminal link, and Caspian exploration deals. Find out what this means for investors.
Apollo to invest $1bn in BP’s TANAP gas pipeline stake
Apollo invests $1 billion in BP’s TANAP gas pipeline stake, strengthening its energy infrastructure portfolio while BP unlocks capital. Learn more about the deal.
Why developing nations are rejecting the $300bn COP29 climate deal
The recently concluded COP29 summit in Baku, Azerbaijan, saw a landmark decision to allocate $300 billion annually to…