Tag: Caspian Sea

bp launches oil production from Azeri Central East platform in Caspian Sea

businessnewstoday- April 17, 2024

bp, as the operator of the Azeri-Chirag-Gunashli (ACG) project, has announced the commencement of oil production from the Azeri Central East (ACE) platform, marking a ... Read More

Moscow’s wake-up call: Is the Russian capital under siege?

businessnewstoday- August 7, 2023

Chaos erupted in the skies above Moscow as a Ukrainian drone threatened the safety of the city's second-largest airport. On Sunday, Vnukovo airport became the ... Read More

Absheron Gas Field : ADNOC, SOCAR, and TotalEnergies announce strategic transaction

businessnewstoday- August 5, 2023

The Abu Dhabi National Oil Company (ADNOC) is set to acquire a 30% equity stake in the producing Absheron gas and condensate field located in ... Read More

TotalEnergies, SOCAR commence production from Absheron field in Caspian Sea

businessnewstoday- July 11, 2023

TotalEnergies and its partner, the State Oil Company of the Republic of Azerbaijan (SOCAR), have announced the commencement of production from the first phase of ... Read More

Shah Deniz compression project : SOCAR-KBR wins contract for unmanned compression platform

businessnewstoday- November 19, 2022

KBR said that SOCAR-KBR, the company’s joint venture (JV) with SOCAR, has won a contract pertaining to the Shah Deniz compression project, offshore Azerbaijan. The ... Read More

Greece-Bulgaria Interconnection gas pipeline : IGI Poseidon begins commercial operation

BNT Reporter- October 3, 2022

IGI Poseidon, through its subsidiary ICGB AD, has commenced commercial operation of the Greece-Bulgaria Interconnection gas pipeline (IGB) to diversify gas supply in the South-East ... Read More

Shah-Deniz gas project : Lukoil wraps up $1.45bn deal to increase stake by 10%

businessnewstoday- February 21, 2022

PJSC Lukoil has wrapped up the previously announced $1.45 billion acquisition of an additional 9.99% stake in the Shah-Deniz gas project, offshore Azerbaijan from Petronas. ... Read More

Shah Deniz gas project : Lukoil to increase stake in $2.25bn deal

businessnewstoday- October 10, 2021

Lukoil signed a deal worth $2.25 billion with Malaysian oil and gas company Petronas for acquiring an additional stake of 15.5% in the Shah Deniz ... Read More