Regional News: Caspian/Central Asia

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Roxi to Complete Galaz Contract Area Stake Sale to Xinjiang Zhundong Soon
Thursday, May 21, 2015 Roxi Petroleum expects to close the sale of its stake in the Galaz Contract Area by end of this month.

BP Suspends West Azeri Platform for Planned Maintenance
Thursday, May 21, 2015 UK oil major BP suspends operations at West Azeri, one of its platforms in the Caspian Sea, for planned maintenance.

Turkmenistan Eyes $3B Investment In Its Caspian Oil, Gas In 2015
Wednesday, May 20, 2015 Turkmenistan expects foreign companies to invest more than $3 billion in projects on its part of the Caspian Sea shelf this year, a Turkmen government official says.

Azerbaijan Lines 20,000 PSI Drill Bit to Test Caspian New Frontiers
Wednesday, May 20, 2015 Caspian Drilling Co. is poised to undertake 20,000 pound per square inch blow-out-preventer drilling with its newbuild semisub to be delivered by Keppel FELS in 2016.

Tethys Sees Lower 1Q Revenues, Boosts Production
Monday, May 18, 2015 Tethys Petroleum see revenues fall as its boosts production by nine percent during the first quarter of 2015.

BP to Suspend Operations at Caspian Sea Platform
Tuesday, May 12, 2015 UK oil major BP suspends operations at one of its platforms in the Caspian Sea for planned maintenance, according to a spokesperson.

EBRD To Extend Loan For Azerbaijan's Biggest Gas Project
Friday, May 08, 2015 The European Bank for Reconstruction and Development (EBRD) will extend a syndicated loan for Azerbaijan's biggest gas project, Shah Deniz II, EBRD President Suma Chakrabarti says.

Azeri SOCAR Assumes Statoil's Pipeline Project Operating Rights
Friday, May 01, 2015 Statoil hands over its commercial operating rights over the gas-carrying South Caucasus Pipeline project to Azeri state energy firm SOCAR.

Energy Ministry Terminates Block VIb PSC in Georgia
Thursday, April 30, 2015 The Ministry of Energy terminates the production sharing contract over Block VIb in Georgia.