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$6B Project with Up to 8,000 New Jobs Sanctioned
Friday, April 19, 2019 The steering committee for the offshore Azerbaijan ACG field has sanctioned the next stage of the development.
Russia, Iran, And 3 Others Agree Caspian Status, But Not Borders
Monday, August 13, 2018 Iran and 4 ex-Soviet nations, including Russia, agree in principle how to divide up the potentially huge oil and gas resources of the Caspian Sea.
Signing of Convention on Legal Status of Caspian Sea a 'Landmark Event'
Friday, August 10, 2018 The signing of a convention on the legal status of the Caspian Sea is a 'landmark event' for Iran, Azerbaijan, Russia, Kazakhstan and Turkmenistan, says Verisk Maplecroft's Camilla Hagelund.
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.
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.
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.
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.
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.
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).
Kazakhstan Says Awaiting Answers From Oil Firms In Karachaganak Dispute
Wednesday, September 14, 2016 Kazakhstan's government and energy companies developing the Karachaganak gas condensate field are still in talks about the Central Asian nation's financial claim against the consortium.
Big Oil's $45B Of New Projects Signal Spending Revival
Friday, July 08, 2016 Two projects worth $45 billion announced this month show the world's largest oil companies are regaining the confidence to make big investments, emboldened by rising crude prices and low costs that promise to trigger more expansion ahead.
Chevron Deadline Nears For $40B Bet On Next Decade's Oil
Friday, July 01, 2016 Chevron Corp. may shortly give a green light to the most expensive oil project in the world this year as the industry digs out from the worst slump in a generation.
Oil's Recovery Under Threat as Tankers Run in Circles Off China
Tuesday, May 24, 2016
Lukoil: Kazakhstan Files $1.6B Claim Against BG-Eni Venture
Tuesday, April 05, 2016 Kazakhstan files a $1.6 billion claim against a group led by BG Group Plc and Eni SpA which is developing the Karachaganak gas condensate field.
Kazakhstan Replaces Energy Minister As Oil Output Falls
Friday, March 25, 2016 Kazakhstan names Kanat Bozumbayev, a former head of the country's power grid, as its new energy minister.
Eastern Mediterranean Gas: Challenges and Opportunities
Thursday, January 14, 2016 The Eastern Mediterranean region provides a rare bright spot for the sanctioning of gas projects, including fast-track developments.
Azerbaijan Says 29 Missing after Oil Platform Fire Feared Dead
Sunday, December 06, 2015 Azerbaijan state energy company SOCAR says 29 workers, who have been missing after an oil platform fire in the Caspian Sea, are feared dead.
Kazakh Fund Signs Loan For Up To $1.5B To Buy Stake In Kashagan Oilfield
Tuesday, October 27, 2015 Samruk-Kazyna signed a 5-year syndicated loan worth up to $1.5B to help it buy a stake in the Kashagan oilfield from KazMunaiGas.
Caspian Conference: TANAP Key to Delivering Energy Security to Europe
Wednesday, June 03, 2015 Rigzone hears energy officials from Azerbaijan and Turkey discuss the energy security significance of the Trans-Anatolian Pipeline at a conference in Baku.
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.
Huge Oilfields to Boost Kazakhstan's Crude Output from 2017
Wednesday, February 25, 2015 Kazakhstan's currently stagnant oil production is forecast to rise from 2017 after the Central Asian nation's huge Kashagan oilfield restarts output and the Tengiz project is expanded, a senior energy official says.
BP Cuts 255 Jobs In Azerbaijan, Remains Committed To Region
Tuesday, January 27, 2015 BP cuts 255 jobs, or around 8% of its workforce in Azerbaijan as it trims costs in response to the "challenging market environment".
Turkish Cypriot Negotiator Urges Suspension Of Gas Drilling
Tuesday, January 27, 2015 Greek and Turkish Cypriots should agree to suspend the search for offshore natural gas until they have hammered out a settlement in talks, Ergun Olgun says.
Turkish Vessel To Continue Work Off Cyprus, Deepening Standoff
Tuesday, January 06, 2015 A Turkish research vessel will continue searching for oil and gas off Cyprus, Turkish Cypriot authorities say, extending a simmering standoff between rival sides.
Ukraine Says Chevron Plans To Pull Out Of $10B Shale Gas Deal
Monday, December 15, 2014 Chevron plans to withdraw from a $10 billion shale gas deal with Kiev, a senior Ukrainian presidential official says.
Iran Oil Minister Says No Oil-for-Goods Talks with Moscow
Wednesday, December 10, 2014 Iran's oil minister denies Tehran and Moscow are close to an agreement on an oil-for-goods swap.
Knowledge Transfer: A Process Engineer's Story
Monday, December 01, 2014 Rigzone catches up with Vugar Novruzov, an Azerbaijani who works as a process engineer for BP in Baku, to find out how skills he learned abroad are being put to good use in his home country.
Turkmenistan: Pipe Dreams Turning Real
Tuesday, November 18, 2014 Being a landlocked country, Turkmenistan has focused on exporting gas to willing customers through ambitious pipeline networks – with many more in the offing.
Three Azeri Workers Die In Offshore Platform Accident
Thursday, October 23, 2014 Three workers were killed and one is still missing after an accident at one of the offshore oil and gas platforms in the Caspian Sea, SOCAR says.
New Pipelines To Cost Kashagan Oil Project Up To $3.6B
Friday, October 10, 2014 Kashagan will have to spend another up to $3.6B to replace leaking oil and gas pipelines, which also could delay the restart of production, the Kazakh energy ministry said.
Cyprus President Suspends Peace Talks
Tuesday, October 07, 2014 Cyprus' president suspends talks on reunifying the ethnically divided island in response to Turkish plans to search for oil and gas in waters.
Cyprus: Turkey Gas Search Could Hurt Peace Talks
Monday, October 06, 2014 Cyprus warns that plans by Turkey to search for oil and gas in waters where it has already licensed companies to drill could derail reunification talks on the ethnically split island.
Kazakhstan Creates Giant Energy Ministry As Economy Falters
Wednesday, August 06, 2014 Kazakhstan's President Nursultan Nazarbayev appoints Vladimir Shkolnik, the head of national uranium company Kazatomprom, as head of a reorganized energy ministry.
Malaysian-French Engineering for Petronas Projects
Friday, June 27, 2014 A Malaysian-French strategic partnership is taking on deepwater engineering challenges in Malaysia after it established a foothold in Turkmenistan with a shipyard in the Caspian Sea.
Kashagan Group In Talks With Government Over Oilfield's Future
Friday, June 13, 2014 Members of the international consortium developing Kashagan and the central Asian state's government will discuss changes to the contract that governs the project.
SOCAR: Total, E.ON Plan to Withdraw from TAP Gas Pipeline Project
Tuesday, June 03, 2014 Total and E.On plan to withdraw from the Trans Adriatic Gas Pipeline project, according to Azeri state energy company SOCAR.
Turkey's TPAO Signs $1.5B Deal To Buy Total's Stake In Azeri Gas Project
Friday, May 30, 2014 TPAO signs a $1.5B deal to acquire Total's 10% stake in Azerbaijan's Shah Deniz gas project.
KOC to Increase Production to Aid in Project Kuwait
Monday, April 28, 2014 Kuwait hopes to increase production capacity to 4 million barrels per day through several concentrated efforts.
Total Says No Oil Output Expected from Kashagan This Year
Tuesday, April 22, 2014 Total says no oil production was to be expected from the troubled Kashagan project in Kazakhstan this year and it was not likely to yield much next year either.
Kazakhstan Disappointed Over Kashagan Setback, But Signals Breather
Thursday, April 17, 2014 Kazakhstan's oil and gas minister says he was disappointed over the slow development of the giant Kashagan oilfield, but sees no legal reasons to put pressure on the consortium.
Kazakhstan Sues Foreign Oil Majors Over Flailing Kashagan
Friday, March 07, 2014 Kazakhstan is suing foreign oil majors developing Kashagan, a tactic similar to those that secured the government large stakes in two other multinational energy projects on its territory.
Crippled Kashagan Oil Project a Bureaucratic 'Nightmare'
Thursday, January 02, 2014 Giant Kazakh oilfield Kashagan, which was brought to a halt by leaks shortly after start-up last year, is grappling with a bureaucratic "nightmare" on top of its engineering troubles as it strives for commercial production in 2014.
BP, Statoil Move Ahead with Shah Deniz Stage Two
Tuesday, December 17, 2013 BP and its partners decide to go ahead with the Stage Two development of the Shah Deniz gas field, offshore Azerbaijan.
The Sour Gas Eating Kashagan Oil Profits
Friday, November 15, 2013 Robot "pig" set to be used to find out why the biggest new oilfield in decades is crippled.
Industry Sources: Kashagan Oil Flows Seen Delayed Until Spring
Monday, November 11, 2013 Oil is unlikely to flow from Kazakhstan's Kashagan oilfield until spring 2014.
China Buys into Giant Kazakh Oilfield for $5B
Monday, September 09, 2013 Chinese President Xi Jinping strikes a deal with Kazakhstan giving China a stake in its giant Kashagan oil project.
Russia in Talks to Ship Oil via Azeri Pipeline
Monday, August 19, 2013 Russia wants to reverse an oil pipeline to ship Russian oil to Europe via Turkey after years of it being used to ship oil from Azerbaijan to Europe via Russia.
Turkey Plays Big in Kurdistan's Energy Game
Thursday, August 15, 2013 Turkey has quietly built up a large presence in Kurdistan's oil and gas industry, teaming up with US major ExxonMobil.
Sources: Rosneft to Sign Oil and Gas Deal with Azerbaijan
Tuesday, August 13, 2013 Rosneft will sign a cooperation agreement with Azerbaijan, industry sources say, the first step towards increasing its presence in a country Europe hopes will help meet its energy demand.
Kashagan Inches Closer to Production
Wednesday, July 17, 2013 The much-delayed Kashagan field is eying production start-up in the near future.