Results 43 articles shown
BP, Azerbaijan's SOCAR To Sign Caspian Sea Exploration Deal In 2017
Thursday, October 12, 2017 SOCAR plans to sign a production-sharing agreement with BP to jointly explore prospects in a new block.
Kazakh Energy Officials Fired Over Gasoline Shortages
Tuesday, October 10, 2017 Kazakh Prime Minister Bakytzhan Sagintayev fires two senior energy officials after the Central Asia's biggest oil exporter reported fuel shortages on the domestic market.
Turkey Warns Iraq Kurds It Can 'Close the Valves' on Oil Exports
Monday, September 25, 2017 Turkey can choose to 'close the valves' on oil exports from Iraq's Kurdish region through the Turkish port of Ceyhan, President Recep Tayyip Erdogan warned as Kurds voted.
Turkey-Based Palmali Lodges $2B Claim Against Lukoil's Litasco
Monday, September 18, 2017 Palmali says it lodged a claim with the English High Court worth almost $2 billion against Litasco.
Azerbaijan's Jan-Aug Oil Exports Via Turkey Pipeline Fall 10%
Friday, September 08, 2017 Azeri oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey fell by 9.7% year on year.
Azerbaijan's SOCAR To Boost Its Share In New Deal With BP On Oil Fields
Friday, September 08, 2017 SOCAR is expected to increase its share in a new production sharing agreement with oil major BP for development of the country's biggest oilfields, two industry sources say.
Azerbaijan's Oil Shipments Via Russia Jump To 818,664 Tonnes In Jan-July
Tuesday, August 01, 2017 Azerbaijan's oil shipments via Russia jumped to 818,664 tonnes in January-July this year from 559,065 tonnes in the same period last year, SOCAR says.
KMG Switches from Urals Supplies to Romanian Refineries as Prices Rise
Tuesday, July 11, 2017 Kazakh state oil company Kazmunaigaz reportedly plans to replace expensive Urals crude with cheaper Mediterranean grades for its refineries in Romania.
Azeri State Oil Company SOCAR Says Returned To Profit Last Year
Friday, July 07, 2017 SOCAR made a net profit of 350 million manats ($206 million) last year.
ATR Opens New Base in Kazakhstan, Creates Jobs
Tuesday, June 20, 2017 Energy services firm ATR opens a new base in Kazakhstan as it looks to capitalize on recent business growth in the region.
Grassroots Kazakhstan Base Oil Project Goes to CB&I
Monday, June 12, 2017 TOO Hill Resources (HILL) has awarded CB&I a contract for the license and engineering of a grassroots lube base oil plant in Shymkent, Kazakhstan.
SDL Nobel Places 'Huge Importance' on Upskilling its Workforce
Tuesday, June 06, 2017 Oilfield services provider SDL Nobel says it places 'huge importance' on the upskilling of its workforce, following the completion of a training course carried out by Mltech.
BP To Sign Azerbaijan Oilfield Extension Deal At End Of June
Wednesday, May 31, 2017 BP expects to sign a contract at the end of June extending its production sharing deal for Azerbaijan's biggest oilfields until 2050.
Caspian Oil Pipeline Eyes Massive Expansion Thanks to New Oilfields
Friday, May 12, 2017 The Caspian oil pipeline will boost its capacity this year by some 47 percent thanks to new oilfields in the region including the giant Kashagan deposit in Kazakhstan, the director general of the consortium that owns it said on Friday.
Wood Group Aims to Maximize Regional Job Opportunities with New Kazakh Deal
Wednesday, May 10, 2017 Wood Group says it aims to maximize regional employment opportunities following the award of a new framework agreement in Kazakhstan.
BP Says Caspian Gas Pipeline's Georgia Section Ready by Mid-2018
Monday, May 01, 2017 BP plans to complete by mid-2018 the Georgian section of a $40-billion strategic pipeline bringing Caspian gas from Azerbaijan into Europe, the British energy company's country manager for Georgia said.
Azeri Absheron Gas Field Could Start Production At End-2019
Tuesday, April 25, 2017 Natural gas production at Azerbaijan's Absheron field in the Caspian Sea could begin in late 2019 or early 2020.
Reformer At Ukraine's State-Run Naftogaz Resigns From Board
Friday, April 14, 2017 A key reformer at Ukraine's Naftogaz announces her resignation on from the state-run firm's supervisory board.
Kazakhstan's Oil Output In Feb Exceeds Level Agreed With OPEC
Monday, March 13, 2017 Kazakhstan's oil production in February exceeded its agreed limit under an OPEC-led deal to cut output and support prices, official Kazakh data shows,
Azerbaijan Cuts Oil Output To 776,400 Bpd In Feb
Monday, March 06, 2017 Azerbaijan cut oil production to 776,400 barrels per day in February, sticking to its pledge to reduce output as part of a global deal.
Roxi, Baverstock Looking to Merge Eragon Interests
Monday, February 27, 2017 Roxi Petroleum plc will shortly be posting a circular to shareholders regarding a proposed merger in respect of the company's Eragon assets.
Azerbaijan, Future Gas Supplier To Europe, Faces Shortfall At Home
Friday, February 24, 2017 Azerbaijan is on track to send gas to western Europe by the end of the decade, but is having to import supplies to use at home.
Turkey 'Must' Raise Domestic Energy Production To Above 50% This Year
Wednesday, February 22, 2017 Turkey must increase its energy production from domestic sources to above 50% this year and above two thirds within a decade, Energy Minister Berat Albayrak says.
Kazakhstan, Shell-Eni Group Continue Talks Over Tax Dispute
Thursday, January 26, 2017 Kazakhstan agrees to continue talks about a tax dispute with the Karachaganak consortium of oil majors led by Shell and Eni despite beginning arbitration proceedings.
Azerbaijan Cuts Oil Output To 789,000 Bpd In January
Wednesday, January 25, 2017 Azerbaijan reduces its oil production as part of a deal between OPEC and non-OPEC oil producers.
Azerbaijan's SOCAR Sees H2 2016 Net Profit At $298 MM
Tuesday, January 17, 2017 Azeri state oil company SOCAR expects net profit of around 550 million manat ($298 million) for the second half of 2016.
Technip Secures Services Contract from Socar GPC
Wednesday, January 04, 2017 Technip secures a contract from Socar GPC for the development of the process and engineering design of all process units included in a new gas and petrochemical plant, located in Garadagh, Azerbaijan.
Turkey Should Prioritise LNG Investments To Balance Energy Trade
Friday, December 23, 2016 Turkey needs to prioritise liquified natural gas (LNG) investments for a healthier balance of its natural gas trade, President Tayyip Erdogan said on Friday.
SOCAR, AIOC Agree to Develop ACG Field
Friday, December 23, 2016 SOCAR and AIOC sign a letter of intent for the future development of the Azeri-Chirag-Gunashli (ACG) field, in the Azerbaijan sector of the Caspian Sea.
Ten Oilfield Workers Missing In Caspian Sea
Thursday, December 15, 2016 At least 10 oilfield workers are missing after part of an oil platform collapsed in the Caspian Sea.
BP Says Aims To Slow Oil Output Decline In Azerbaijan
Thursday, December 15, 2016 BP will do everything possible to slow a natural decline in crude output at its oil fields in Azerbaijan, BP Regional President for Azerbaijan Gordon Birrell said on Thursday.
Kazakhstan Says May Offer To Freeze Its Output At Vienna Talks
Friday, December 09, 2016 Kazakhstan may offer to freeze its oil output at last month's level at the talks between OPEC and non-OPEC producers in Vienna, Kazakh Energy Minister Kanat Bozumbayev said on Friday.
Azerbaijan's $35B Oil Fund Pledges To Improve Transparency
Friday, December 02, 2016 SOFAZ is committed to keep improving transparency, its executive director said, in order to meet a key international benchmark that would make the country more attractive to foreign investors.
Azerbaijan Energy Minister: No Plan To Increase Oil Output In 2017
Thursday, December 01, 2016 Azerbaijan has no intention of increasing crude oil output in 2017, Energy Minister Natig Aliyev said on Thursday.
IRNA: NIOC Helicopter Crashes in Caspian Sea
Monday, November 28, 2016 A helicopter working for the National Iranian Oil Company (NIOC) crashed in the Caspian Sea early Sunday, killing all five passengers on-board, according to Iran's Islamic Republic News Agency (IRNA).
Azerbaijan Signals OPEC Wants Big Cuts From Non-OPEC Producers
Thursday, November 24, 2016 OPEC may ask oil producers outside the cartel to make big cuts in output.
Lukoil Flows Oil from V. Filanovsky Field in Caspian Sea
Thursday, November 24, 2016 Lukoil flows oil from a third well at the offshore Vladimir Filanovsky field in the Caspian Sea.
Total, SOCAR Sign Absheron Development Agreement
Tuesday, November 22, 2016 Total and SOCAR sign an agreement establishing the contractual and commercial terms for a first phase of production from the Absheron gas and condensate field, located in the Caspian Sea.
Kazakhstan's Giant Kashagan Oil Field Begins Commercial Output
Monday, November 21, 2016 Kazakhstan's giant Kashagan oil field starts commercial output, a milestone for the repeatedly delayed $55 billion project.
BP Says Jan-Sept Oil Output At Azeri Projects Up To 644,000 Bpd
Friday, November 18, 2016 Oil output from BP-led oilfields in Azerbaijan rose in the first 3 quarters of 2016 to 644,000 barrels per day.
Lukoil Raises $500M to Finance Gissar Project in Uzbekistan
Wednesday, November 16, 2016 Lukoil raises $500 million to finance the development of the Gissar group's gas condensate fields in Uzbekistan.
Kazakhstan's Kashagan Produces 201,000 Tons Of Oil In October
Monday, November 14, 2016 Kazakhstan's Kashagan oil field produced about 201,000 tons of oil in October, its first full month of operation, data from the Energy Ministry's analytical center showed.
Roxi Hits Oil in Kazakhstan's Deep Well A6
Friday, October 28, 2016 Roxi Petroleum plc announced Friday that it has hit oil in Deep Well A6, located in Kazakhstan's BNG Contract Area.