Caspian/Central Asia News


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Oil, Gas Majors to Boost Renewable Spend
Friday, January 12, 2018 Oil and gas majors will continue to strengthen investment into renewable energy and low carbon technology through 2018.

Oil Crosses $70 Threshold in London as Worldwide Glut Dwindles
Thursday, January 11, 2018 Oil briefly topped $70 a barrel in London for the first time in three years.

OPEC's Oil Cuts Claim a Victim as Supertanker Earnings Crash
Tuesday, January 09, 2018 OPEC's strategy to end a worldwide crude glut is causing havoc for a vital link in the oil industry's supply chain.

OPEC's Cheer Over 2018 Oil Rally Tinged By Shale Worries
Tuesday, January 09, 2018 Oil's price rally this year to its highest since May 2015 may seem a source of glee for OPEC.

Investors Sense Opportunities In Big Oil - But Mind The Gap
Friday, January 05, 2018 Investors are gaining confidence - up to a point - that 2018 will be the year of oil stocks.

Rig Trends: Offshore Rig Fleet Poised for Comeback, but More Time is Needed
Thursday, January 04, 2018 Most of the 2018 indicators are positive, and should they shake out as predicted, the second-half of next year could finally be the start of a true recovery.

Why I Returned to the Oilfield...
Thursday, January 04, 2018 Oil and gas workers detail their journeys exiting - and coming back - to the industry.

Global Exploration Sector May Soon Return to Profit
Thursday, January 04, 2018 There are early signs that the global exploration sector may soon return to profit.

Oil, Gas Outlook: M&A, Asset Development Key to Future Growth
Wednesday, January 03, 2018 Argo Consulting's Alan Free discusses where the silver lining may be for oil and gas in 2018.

What to Watch for in the Downstream in 2018
Tuesday, January 02, 2018 Expert panel offers 2018 outlook for refining, petchems, LNG and more.

2018 Outlook: Survey Reveals Industry's Outlook on Oil Prices, Jobs
Tuesday, January 02, 2018 Rigzone readers share their outlooks on some of the most pertinent issues affecting the oil and gas industry.

Moody's Sees Oil Prices At $40-$60 Per Barrel This Year
Tuesday, January 02, 2018 Moody's Investors Service expects oil prices in the range of $40 to $60 per barrel in 2018.

Top 5 Articles by Rigzone Staff in 2017
Friday, December 29, 2017 Rigzone reveals some of its most-read articles written by staff in 2017.

Top Rigzone-Staff Picks for 2017
Thursday, December 28, 2017 Rigzone's editors highlight articles they've particularly enjoyed writing in 2017.

Five Oil Signals to Watch as 2018 Pits OPEC Against Shale
Thursday, December 28, 2017 Oil traders are going to have their work cut out for them in 2018.

The 2017 Downstream Countdown: 10 to 6
Thursday, December 28, 2017 Find out which countries were vying for the top LNG exporter spot in 2017.

The 2017 Downstream Countdown: 15 to 11
Wednesday, December 27, 2017 Here's a recap of the top downstream articles on Rigzone in 2017, starting with numbers 15 through 11.

What Has Made 2017 Memorable in the Downstream?
Friday, December 22, 2017 They're not stand-up comics, but these folks know a thing or two about downstream highlights.

GMG Launches New Oil & Gas Services Business Unit
Friday, December 22, 2017 Engineering services company Global Marine Group launches Global Offshore, a new business unit that will deliver trenching and power cable laying services to the oil and gas sector.

Global Conventional Discoveries Hit Record Low
Friday, December 22, 2017 Global conventional discoveries hit a record low in 2017, coming in at less than seven billion barrels of oil equivalent.

The 2017 Downstream Countdown: The Final Five
Thursday, December 21, 2017 Presenting, Rigzone's top five downstream articles for the past year.

Rigzone Survey Finds Downstream Hiring Hot Spots for 2017, 2018
Thursday, December 21, 2017 Survey participants also reveal where jobs should be most plentiful in the downstream next year.

BLOG: Wrapping Up a Year of Oil Price Predictions
Thursday, December 21, 2017 Volatility is the name of the game for oil prices, and in this end-of-year wrap-up, Rigzone shows the ups and downs that were present in this year’s predictions.

CB&I Gets Go-ahead for Kazakhstan Petchem Project
Monday, December 11, 2017 KPI gives CB&I full notice to proceed for project management services.

Giant Gas Tanker Sails to Turkey to Prevent Repeat of Shortage
Wednesday, October 25, 2017 Turkey is getting a giant helper to avoid last December's gas shortages.

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.

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