SOCAR commissions gas well in Caspian Sea Energy
2016-02-29 19:30:05
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By Maksim Tsurkov – Trend: SOCAR (State Oil Company of the Republic of Azerbaijan) will additionally produce around 32.85 mcm of gas and 5,480 tons of condensate annually by commissioning a well at the Guneshli offshore field after overhaul, the company
SOCAR AQS drilling new well in Caspian Sea Energy
- 2016-02-29 23:07:56
- 1035
By Maksim Tsurkov – Trend: Azerbaijan’s SOCAR-AQS drilling has started drilling a new well at the Western Absheron field in the Azerbaijani sector of the Caspian Sea, the company told Trend Feb. 15. “The drilling of the horizontal
BP to select areas for drilling in shallow waters of Caspian Sea Energy
- 2016-02-29 23:14:48
- 1059
BP Azerbaijan, which is the operator of the Shallow Water Absheron Peninsula (SWAP) Contract Area, has published the report on the Environmental and Socio-Economic Impact Assessment (ESIA) of the 3D seismic survey within the contract area. The 3D seismic
New oil well commissioned at oldest field in Caspian Sea Energy
- 2016-03-01 17:55:00
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By Maksim Tsurkov - Trend: Azerbaijani State Oil Company (SOCAR) will produce nearly 11,000 tons of oil and over 5.8 million cubic meters (mcm) of gas annually by putting into operation a new well on Oil Rocks offshore field,
U.S. Says Putin's Plans for New Gas Links Are Politically Driven Political and military events
- 2016-03-04 14:27:25
- 1066
Russian plans to build new gas pipelines to Europe are politically motivated with little economic logic, a senior U.S. official said. President Vladimir Putin has proposed new links to Europe via the Baltic and Black Sea that would bypass an existing transit corridor
Azerbaijan won’t increase oil output Energy
- 2016-03-06 21:43:39
- 1096
Trend: Azerbaijan intends to keep the oil production in 2016 at the 2015 level, head of the State Oil Company of Azerbaijan (SOCAR), Rovnag Abdullayev said in an interview with ANS TV channel. He noted that the projects for increasing the production
Azeri SOCAR says construction of TAP to begin in May Energy
- 2016-03-07 22:03:17
- 829
Construction works for the Trans-Adriatic pipeline (TAP) are planned to begin in May, SOCAR President Rovnag Abdullayev told ANS TV on Sunday. The construction work on the TAP had been expected to start in March but the date
Once more on the Trans-Caspian Gas Pipeline Energy
- 2016-03-08 22:51:08
- 1246
Diplomatic attention has intensified on the project of the Trans-Caspian Gas Pipeline (TCGP) while both obstacles to and incentives for its realization increase. Turkmenistan's commitment to the project may be inferred from the finally completed construction of its East-West Pipeline
SOFAZ announces investment volume for new rig construction Energy
- 2016-03-10 00:03:11
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By Maksim Tsurkov - Trend: Some $696.1 million has been allocated since the beginning of construction to finance the construction of a new generation drilling rig in Azerbaijan, the State Oil Fund of Azerbaijan (SOFAZ) told Trend. "Some $287.6 million has been
US company extends loan agreement in Azerbaijan Investment
- 2016-03-10 00:05:52
- 904
By Maksim Tsurkov – Trend: The US company Greenfields Petroleum for the third time has prolonged the loan agreement on the allocation of funds to develop the Bahar-Gum Deniz block of Azerbaijani oil and gas fields in the Caspian Sea and
Georgian FM: No need to buy more gas from Gazprom Energy
- 2016-03-10 00:11:42
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Trend: The Georgian government aims at ensuring stable and uninterrupted gas supply, Mikheil Janelidze, Georgian foreign minister, said. Janelidze made this statement following the negotiations and the agreement with SOCAR (State Oil Company of Azerbaijan). The gas supply was problematic after the recent
Greenfields Petroleum extends loan agreement for Azerbaijani oil project Energy
- 2016-03-10 00:24:06
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By Gulgiz Dadashova Greenfields Petroleum Corporation, engaged in development and production of proven oil and gas reserves mainly in Azerbaijan has announced about prolonging the loan agreement stipulating funding of the development of the Bahar-Gum Deniz block of Azerbaijani
Azerbaijan’s SOCAR reviving Iran deals Energy
- 2016-03-10 14:59:27
- 1475
Azerbaijan’s state oil firm SOCAR says it is looking to revive trade with Iran as the two neighbors are strengthening relations after the lifting of sanctions on the Islamic Republic. Azeri President Ilham Aliyev arrived in Tehran on Tuesday to
President Margvelashvili: Georgia-Azerbaijan partnership determining many other countries’ future (interview) Political and military events
- 2016-03-11 14:02:07
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By Vagif Sharifov, Anakhanum Khidayatova – Trend: Trend Agency has had an exclusive interview with the President of Georgia Giorgi Margvelashvili, who earlier arrived in Baku, the capital of Azerbaijan, to take part in the Fourth Global Baku Forum. The interview with
The Political Consequences Of Iran And Azerbaijan’s Energy Agreements Political and military events
- 2016-03-11 14:14:01
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On February 23, Azerbaijani President Ilham Aliyev visited Tehran, where he met with his Iranian counterpart, Hassan Rouhani. Notably, the two presidents signed 11 memoranda of understanding (MoU) across several areas of cooperation, including energy, the economy and transport (IRNA,
SOCAR selects Honeywell UOP Technology to modernize its Baku Oil Refinery Energy
- 2016-03-16 00:23:38
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Trend: Azerbaijan’s state oil company SOCAR will use a suite of Honeywell UOP technologies to modernize its oil refinery in Baku, to produce high-quality gasoline that meets stricter emission standards, Honeywell (HON) reported. Honeywell is a Fortune 100 diversified technology and manufacturing
Greenfields Petroleum to buy out share in Bahar Energy Ltd. Energy
- 2016-03-16 20:37:31
- 1017
By Gulgiz Dadashova Greenfields Petroleum Corporation, engaged in development and production of proven oil and gas reserves mainly in Azerbaijan, has inked a deal to purchase a 66-percent stake in the Bahar Energy Limited Operating Company, a source in the country’s
SOCAR inks deal with Canada’s Zenith Energy Energy
- 2016-03-18 00:56:04
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By Azad Hasanli - Trend: Azerbaijan’s state oil company SOCAR and Zenith Aran Oil Company, a subsidiary of Canada’s Zenith Energy, signed March 16 an agreement on production sharing, restoration, development and exploration at the block that includes Muradkhanli, Jafarli and
SOCAR drilling new well at Oil Rocks offshore field Energy
- 2016-03-29 17:05:22
- 1111
Trend: Azerbaijan’s state oil company SOCAR will produce about 3,650 tons of oil annually through commissioning of a new well being drilled at the Oil Rocks offshore field in the Caspian Sea. The well’s projected depth is 1,860 meters and its daily
SOCAR commissions well in Caspian Sea Energy
- 2016-03-30 02:10:12
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Trend: Azerbaijan’s state oil company SOCAR will additionally produce over 6,900 tons of oil and 6.2 million cubic meters of gas a day thanks to the commissioning of a well at the offshore Oil Rocks field after the well has been
Albanian President: "I am optimistic about timely implementation of TAP" Energy
- 2016-03-31 01:43:49
- 904
AZERTAC "I am optimistic about timely implementation of Trans Adriatic Pipeline (TAP)," Albanian President Bujar Nishani told journalists. "TAP, a 878km gas pipeline that will transport 10bn cubic metres of Azerbaijani gas from the Greek-Turkish border to Italy through Albania, is a
SOCAR expects to resolve DESFA issue by late 2016 Energy
- 2016-04-01 00:31:41
- 813
Trend: The acquisition issue of 66 percent stake of Greece gas distribution network operator - DESFA by the State Oil Company of Azerbaijan Republic (SOCAR) and sale of 17 percent share to European companies can be solved by late 2016, the
SOCAR: SGC project shareholders plan to raise extra $2B Energy
- 2016-04-02 20:36:18
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Trend: Shareholders of the Southern Gas Corridor (SGC) project plan to raise additional $2 billion from international finance institutions to fund the project, Rovnag Abdullayev, president of Azerbaijan’s state oil company SOCAR, told reporters April 2. Abdullayev said the funds are planned
SOCAR hopes major oil contract to be prolonged soon Energy
- 2016-04-02 20:39:11
- 725
Trend: Azerbaijan’s state oil company SOCAR continues talks with its partners on signing a contract to continue the development of Azeri-Chirag-Guneshli (ACG) block of oil and gas fields and hopes for speedy solution of this issue, says SOCAR President Rovnag Abdullayev. An
SOCAR attracts additional funds from IBA Energy
- 2016-04-06 23:35:34
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SOCAR, the state energy company of Azerbaijan attracts 200 million manats ($131.7 million) from the International Bank of Azerbaijan (IBA) for 2016. The funds that SOCAR will get is the next tranche of loans allocated for the drilling works in the
Int'l Caspian Oil&Gas; Expo scheduled for June Energy
- 2016-04-12 23:54:56
- 1006
Int'l Caspian Oil&Gas Expo scheduled for June Caspian Oil&Gas 2016, the 23rd international exhibition and conference, the largest energy sector event in the Caspian region, will take place from 1-4 June 2016 at Baku Expo Center. As a recognised international platform
SOCAR launches new oil well Energy
- 2016-04-20 08:04:35
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SOCAR launches new oil well State Oil Company of Azerbaijan (SOCAR) will increase the production level to more than 11.3 million tonnes of oil per year due to commissioning of new oil well in Oil Rocks offshore field, the
First TAP pipes arrive in Albania Energy
- 2016-04-20 23:01:14
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First TAP pipes arrive in Albania The Trans Adriatic Pipeline AG (TAP) announced the arrival of the first steel line pipes and machinery for the construction of the Albanian section of the pipeline. The occasion was marked by a ceremony in
Baku Higher Oil School to organize int’l conference Energy
- 2016-04-21 19:29:59
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Baku Higher Oil School to organize int’l conference On 25-28 April, 2016, BHOS and UK-based Confidence Capital company with the support of SOCAR will jointly organize international practical conference on 'Caspian Basin and Central Asia: Trade, Logistics, Oil Processing and
Azerbaijan's nimble gas plans Energy
- 2016-04-25 19:14:38
- 987
Azerbaijan's nimble gas plans Azerbaijan, a key energy player in Eurasia, today is completely successful country both in terms of production and in terms of transportation of energy resources, and the country is committed to make great strides to boost
Azerbaijan may discover additional gas condensate reserves Energy
- 2016-04-25 19:24:51
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Azerbaijan may discover additional gas condensate reserves Azerbaijan has all opportunities for discovering additional gas condensate reserves at its fields in the Caspian Sea, said Natig Aliyev, Azerbaijani energy minister. The minister made the remarks Apr. 25 at the SOCAR International
Kazakhstan plans to enter top 10 oil exporters Energy
- 2016-04-26 19:34:25
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Kazakhstan plans to enter top 10 oil exporters Kazakhstan plans to produce 77 million tons of oil in 2016, Deputy Director General of the Information Oil and Gas Center of Energy Ministry of Kazakhstan Askar Kenzhekhanov said. He made the remarks
BP with partners invest $58B in Azerbaijan Energy
- 2016-04-26 19:41:57
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BP with partners invest $58B in Azerbaijan The British BP company and partners have invested $58 billion in Azerbaijan's projects over the period of its activity. The statement came from Bakhtiyar Aslanbayli, BP's regional vice president, said Apr. 25, Trend reports. He
Kazakhstan eyes entering top-10 for oil production Energy
- 2016-04-28 12:14:25
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Energy-rich Kazakhstan, which enjoys 30 billion barrels of proved crude oil reserves (as of January 2014, according to the Oil & Gas Journal), expects to enter the top 10 oil exporters by 2020 through producing 130 million tons of oil
Azerbaijan is sure all its oil terminals’ capacity to be in demand Energy
- 2016-04-28 16:45:41
- 1078
All oil terminals with a total capacity of more than 1.5 million cubic meters, Azerbaijan has at disposal both in the Caspian Sea and the Black Sea, are in demand for transshipment of crude oil and petroleum products. Kamran Mammadzadeh, deputy
SOCAR commissions new platform in Caspian Sea Energy
- 2016-05-02 23:07:02
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SOCAR commissions new platform in Caspian Sea Azerbaijan's state oil company SOCAR completed the construction of the new deep-water platform #6 at the Bulla Deniz gas field in the Caspian Sea and commissioned it, reads a SOCAR message issued May
Azerbaijani SOCAR-AQS starts drilling new well in Caspian Sea Energy
- 2016-05-05 11:13:07
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Azerbaijani SOCAR-AQS starts drilling new well in Caspian Sea The customer of the drilling work is Azneft production association of Azerbaijan's state oil company SOCAR. Azerbaijan's SOCAR-AQS LLC has started drilling a new well at the Western Absheron field
SOCAR to purchase gas from Russia Energy
- 2016-05-12 14:18:38
- 1035
SOCAR to purchase gas from Russia Natural resource rich Azerbaijan decided to purchase gas from neighboring Russia in order to maintain oil production. Azerbaijan's state-owned energy company SOCAR submitted a proposal to Russian Gazprom to purchase from 3 to 5 billion
Southern Gas Corridor to attract about 7B dollar Energy
- 2016-05-12 14:26:13
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Southern Gas Corridor to attract about $7B The Southern Gas Corridor project, designed to supply Caspian gas to Europe, intends to attract investments worth $7 billion. The remark was made by Rovnag Abdullayev, President of Azerbaijan's state-owned energy company SOCAR on
Dutch logistics company eyeing Azerbaijani market Investment
- 2016-05-16 19:41:18
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Dutch logistics company eyeing Azerbaijani market The Dutch logistics service company Royal Wagenborg is considering the possibility of entering the Azerbaijani market, Fabio Giurato, director of the company's branch in Kazakhstan, said in an exclusive interview with Trend May 16. Giurato
Total Seeks Help with Absheron Sales: Ministry Source Energy
- 2016-05-17 13:31:23
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Total Seeks Help with Absheron Sales: Ministry Source French major Total wants the Azerbaijani government to help it with the sale of gas from its giant Absheron field in the Caspian Sea, according to a source at the Azerbaijani energy
Azersu OJSC explains reasons for increase of water tariffs Environment
- 2016-05-17 13:41:13
- 1235
Azersu OJSC explains reasons for increase of water tariffs Azersu OJSC has commented on increase of water supply and sewerage tariffs. Head of Azersu’s press service Anar Jabrayilli told APA-Economics that the OJSC carried out a lot of works recent times
Socar and Uzbekneftegaz join forces in Uzbekistan Energy
- 2016-05-19 01:09:48
- 1068
Socar and Uzbekneftegaz join forces in Uzbekistan Socar and Uzbekneftegaz join forces in Uzbekistan Azerbaijan state-run energy company Socar has signed a memorandum for cooperation and joint activity with its Uzbek counterpart Uzbekneftegaz, the national holding company. The two entities have agreed to
Greek Pipeline Breakthrough To Challenge Russian Gas Dominance Energy
- 2016-05-21 13:18:14
- 1099
Greek Pipeline Breakthrough To Challenge Russian Gas Dominance After years of debate, political jockeying and acrimony, a major pipeline project to bring natural gas to Southern Europe has broken ground. The Trans-Adriatic Pipeline (TAP) will connect the Caspian Sea to European
Baku to the future Political and military events
- 2016-05-21 13:30:52
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Baku to the future NEXT month around two dozen Formula One racecars will speed through the gleaming centre of Baku, the capital of Azerbaijan. They will zoom along the shore of the oil-rich Caspian Sea, past five-star hotels and
BP, SOCAR strike deal to explore block in Caspian Sea Energy
- 2016-05-24 22:03:45
- 1023
BP, SOCAR strike deal to explore block in Caspian Sea BP and Azerbaijan's state oil company SOCAR signed a memorandum of understanding (MOU) to jointly explore potential prospects in the block D230 in the North Absheron Basin in the Azerbaijan
SOCAR commissions prolific gas well in Caspian Sea Energy
- 2016-05-24 22:12:24
- 683
SOCAR commissions prolific gas well in Caspian Sea Azerbaijan's state oil company SOCAR will additionally produce 43.8 million cubic meters of gas and more than 20,000 tons of oil per year as it has put into operation a new well
President Aliyev: Azerbaijan on verge of realizing energy project of global importance Energy
- 2016-05-25 16:28:25
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President Aliyev: Azerbaijan on verge of realizing energy project of global importance Energy-rich Azerbaijan and its core partner in major energy projects British BP are eager to continue this successful cooperation for many more decades in a move that will
Azerbaijan’s SOCAR drilling new well in Caspian Sea Energy
- 2016-05-27 14:17:58
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Azerbaijan’s SOCAR drilling new well in Caspian Sea The Integrated Drilling Trust of Azerbaijan's State Oil Company (SOCAR) has started to drill a new well at the Bulla Deniz offshore field, read a message posted on SOCAR's website. The well #78
BP and its partners lower a little Azeri oil daily production against last year Energy
- 2016-05-27 14:28:53
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BP and its partners lower a little Azeri oil daily production against last year The Azerbaijan International Operating Company (AIOC), which develops oilfield block Azeri-Chirag-Gunashli in the Azerbaijan sector of the Caspian Sea, decreased
President Ilham Aliyev attended the opening of Caspian Oil & Gas Exhibition 2016 Energy
- 2016-06-04 14:09:43
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President Ilham Aliyev attended the opening of Caspian Oil & Gas Exhibition 2016 President of the Republic of Azerbaijan Ilham Aliyev has attended the opening of the 23rd International Caspian Oil & Gas Exhibition and Conference and the 6th
SOCAR produces first 1bcm of gas from Umid field Energy
- 2016-06-04 15:04:37
- 795
SOCAR produces first 1bcm of gas from Umid field Almost one billion cubic meters of gas has been produced since the beginning of development (2011) of the largest gas field Umid in the Azerbaijani sector of the Caspian Sea, said
SOCAR reveals oil output from ACG Energy
- 2016-06-04 15:16:01
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SOCAR reveals oil output from ACG Nearly 400 million tons of Azeri Light oil and more than 120 billion cubic meters of associated gas has been produced in Azeri-Chirag-Guneshli (ACG) block of fields in Azerbaijan during less than 20 years. The
SOCAR working to increase own oil, gas production Energy
- 2016-06-06 12:16:22
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SOCAR working to increase own oil, gas production Azerbaijan's state oil company SOCAR plans to build nine infrastructural bases for drilling of 81 oil and gas wells in the Azerbaijani sector of the Caspian Sea in 2016-2017 as part of
Caspian Overview: China Eyes Growth in Azerbaijan Energy
- 2016-06-08 09:41:19
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Caspian Overview: China Eyes Growth in Azerbaijan China has held negotiations with Azerbaijan’s state oil company (Socar) over a $17bn downstream project twice in the last two months, this time leading to a memorandum of understanding. China National Petroleum Corp (CNPC) has
Greek Ministry of Environment and Energy ıssues ınstallation permit for TAP Environment
- 2016-06-09 10:43:10
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Greek Ministry of Environment and Energy ıssues ınstallation permit for TAP The Greek Ministry of Environment and Energy has announced that it has granted Trans Adriatic Pipeline (TAP) its Installation Permit for Greece. Together with the Installation Act, secured
Azerbaijan is knocking on Europe’s doors, and does so strongly Political and military events
- 2016-06-13 12:50:28
- 797
Azerbaijan is knocking on Europe’s doors, and does so strongly Azerbaijan is enhancing its role in improving the energy security of Europe and strengthening its position in the European energy markets. Azerbaijan hosted the 23rd International Oil and Gas Exhibition titled
Georgia Plans for Energy Overhaul Energy
- 2016-06-13 12:57:16
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Georgia Plans for Energy Overhaul Georgia is looking to win formal approval to join Europe's Energy community this October, making the country a more competitive location and partner for energy projects, the Georgian government said June 9. In a wide-ranging presentation, which
Total Seeks Better Terms for Baku’s No 2 Field Energy
- 2016-06-14 11:08:53
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Total Seeks Better Terms for Baku’s No 2 Field Azerbaijan has extended the deadline for French major Total to submit the development plan for the first phase of the country’s second biggest gas field, Absheron, which contains 350bn m3 of gas
Caspian Overview: Azerbaijan Talks with Gazprom Energy
- 2016-06-17 11:46:52
- 980
Caspian Overview: Azerbaijan Talks with Gazprom Azerbaijan’s energy monpoly Socar produced 5.4% less gas in the first five months of the year than in the same period of 2015. Output stood at 2.65bn m3, according to Socar’s latest figures, of
Azerbaijan’s SOCAR commissions new well in Caspian Sea Energy
- 2016-06-22 13:32:11
- 1207
Azerbaijan’s SOCAR commissions new well in Caspian Sea Azerbaijan’s state oil company SOCAR will additionally produce 3.65 million cubic meters of gas and 32,850 tons of oil per year as it has put into operation a new well in the
SOCAR’s Turkish Partner Wins Massive No-Bid Construction Projects Energy
- 2016-06-22 13:34:27
- 1520
SOCAR’s Turkish Partner Wins Massive No-Bid Construction Projects Azerbaijan's state-owned energy company, SOCAR, likes Turkey’s Tekfen Construction and Installation building company so much, it tried to buy into it in 2008. But that move was blocked by the global financial crisis that
Turkey needs to reduce gas dependence from Russia Energy
- 2016-06-22 13:45:40
- 1201
Turkey needs to reduce gas dependence from Russia After the relations between Turkey and Russia worsened due to the incident with Russian SU-24 bomber in 2015, some say Turkey needs to decrease its reliance on Russian gas and diversify further
SOCAR activates talks with Iran on trade operations with oil & oil products Energy
- 2016-06-22 14:36:16
- 2017
SOCAR activates talks with Iran on trade operations with oil & oil products The State Oil Company of Azerbaijan (SOCAR) has intensified negotiations with Iran on trade operations with oil and petroleum products on the threshold of the planned visit
€2b to be invested in Greece within TAP project Investment
- 2016-06-25 11:37:36
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€2b to be invested in Greece within TAP project About €2.3 billion of direct investment will be made in Greece within the construction project of Trans Adriatic Pipeline (TAP), Greek media reported citing SOCAR Energy Greece’s Head Anar Mammadov as
MOL wins right to explore for hydrocarbons in Azerbaijan sector of Caspian Sea Energy
- 2016-06-28 17:44:26
- 716
MOL wins right to explore for hydrocarbons in Azerbaijan sector of Caspian Sea Hungary’s largest oil & gas company MOL will conduct exploration works in the Azerbaijani sector of the Caspian Sea. Within his current Baku visit Minister of Foreign
EIA says Shah Deniz 2 to more than double Azerbaijan’s natural gas exports Energy
- 2016-07-09 14:45:40
- 1022
By Amina Nazarli The U.S. Energy Information Administration (EIA) has once again confirmed Azerbaijan’s importance in ensuring energy security both at regional and international scale. In its Country Analysis Brief report, EIA said Azerbaijan, one of the oldest oil-producing countries in the
SOCAR-KBR Llc head assigned Energy
- 2016-06-30 07:13:13
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Baku, Fineko/abc.az. Alp Togay Kurum, a citizen of Turkey, has been appointed general director of Azerbaijani-American joint venture SOCAR-KBR Llc within the start of JV’s commitments on the management of the project of reconstruction of the Baku Oil Refinery n.a.
SOCAR refutes Rosneft’s subsidiary selling petro products to Iran via Azerbaijan Energy
- 2016-07-01 23:49:34
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Azerbaijan’s State energy company SOCAR has not received any official request from Petrocas, which is partially owned by Russian oil giant Rosneft, over its plans to send minimum 1 million tons of gasoline Iran via Azerbaijan and Georgia. A source at
Azerbaijan’s SOCAR drilling new well at oldest field in Caspian Sea Energy
- 2016-07-01 23:49:38
- 808
Azerbaijan's state oil company SOCAR will produce about 3,650 tons of oil annually through commissioning of a new well being drilled at the Oil Rocks offshore field in the Caspian Sea. The well's projected depth is 1,050 meters and its daily
SOCAR's Azneft to introduce SCADA system Energy
- 2016-07-01 23:49:40
- 888
SOCAR’s Azneft production unit is planning to develop SCADA (supervisory control and data acquisition) system to create virtual form of the oil and gas fields of the country, SOCAR reported. SCADA system will allow visualization of oil and gas fields operations,
Exclusive: BP-Exxon impasse blocks renewal of giant Azeri oil deal - sources Energy
- 2016-07-09 14:45:48
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U.S. oil major Exxon Mobil (XOM.N) and Britain's BP (BP.L) are at loggerheads over a giant oil production deal with Azerbaijan, blocking renewal of what was once called "the contract of the
Schneider Electric holds workshop at Baku Higher Oil School
- 2016-07-02 23:49:36
- 922
On June 28, Baku Higher Oil School (BHOS) and Schneider Electric started a three day workshop on Contemporary Standards of Process Safety for SOCAR management, engineers and technical employees. During the three separate workshop sessions, the presentations will be made
Exclusive: BP-Exxon impasse blocks renewal of giant Azeri oil deal - sources Energy
- 2016-07-04 13:56:40
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LONDON (Reuters) - U.S. oil major Exxon Mobil and Britain's BP are at loggerheads over a giant oil production deal with Azerbaijan, blocking renewal of what was once called "the contract of the century", three high-level industry sources told Reuters. BP,
Caspian Overview: Major Upstream Investment Approved Energy
- 2016-07-11 14:46:48
- 906
Caspian Overview: Major Upstream Investment Approved Kazakhstan and the Chevron-led consortium Tengiz Chevroil (TCO) approved on July 5 a $36.8bn plan to expand the giant Tengiz field, which has 45% of the country’s total production now. The sides plan to increase
Shell shutting down office in Azerbaijan Energy
- 2016-07-11 14:57:52
- 803
Shell shutting down office in Azerbaijan Shell Business Development Central Asia B.V., a subsidiary of the Royal Dutch Shell plc, announced the liquidation of its office in Azerbaijan, the Azerbaijani Taxes Ministry’s ‘Vergiler’ newspaper reported July 8. In a comment to
EBRD approves loan for Azerbaijan’s Caspian Marine Services Investment
- 2016-07-12 23:56:56
- 1096
EBRD approves loan for Azerbaijan’s Caspian Marine Services The European Bank for Reconstruction and Development (EBRD) approved a senior loan of up to $20.4 million to Caspian Marine Services Limited (CMS), read a message posted on the EBRD website July
MOL in cooperation with SOCAR ready to bring best experience of drilling operations Energy
- 2016-07-13 00:18:20
- 1077
MOL in cooperation with SOCAR ready to bring best experience of drilling operations Hungary is confident in the prospects of cooperation between the State Oil Company of Azerbaijan (SOCAR) and Hungarian company MOL. Hungarian ambassador to Azerbaijan Imre Laslotski has
President Aliyev: Relevant instructions given to revive Odessa-Brody project Political and military events
- 2016-07-16 10:59:56
- 1005
President Aliyev: Relevant instructions given to revive Odessa-Brody project Relevant instructions have been given to revive the Odessa-Brody project, said Azerbaijani President Ilham Aliyev while making a press statement jointly with his Ukrainian counterpart Petro Poroshenko in Baku July 14. President
Azerbaijan, Romania to boost co-op in gas transportation Energy
- 2016-07-20 13:14:57
- 1021
Azerbaijan, Romania to boost co-op in gas transportation Azerbaijan’s state oil company SOCAR and Romania’s state-owned company Transgaz agreed to step up cooperation in the natural gas transportation, SOCAR said in a message July 19. The two sides signed a memorandum
Transgaz, Azeri state company SOCAR sign memorandum of understanding Energy
- 2016-07-21 22:44:30
- 1345
Transgaz, Azeri state company SOCAR sign memorandum of understanding Transgaz has signed a memorandum of agreement with The State Oil Company
Caspian Energy Grid (CEG) - a Plan B for the region Energy
- 2016-07-25 00:14:06
- 1081
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Caspian Energy Grid (CEG) - a Plan B for the region Since my mother is an Azeri, Azerbaijan is literally in my blood. In fact the Islamic Republic of Iran views the people of Azerbaijan as brothers rather
Malaysia's SapuraKencana awarded TANAP offshore construction contract Energy
- 2016-07-28 22:40:44
- 1294
Malaysia's SapuraKencana awarded TANAP offshore construction contract Anatolian Natural Gas Pipeline (TANAP) has awarded to Malaysia’s SapuraKencana Petroleum Berhad the contract for the construction of TANAP’s 18-km offshore section across the Canakkale Strait, APA reports. The construction of TANAP was commenced in 2015.
New well commissioned in Caspian Sea Energy
- 2016-07-28 23:04:35
- 699
New well commissioned in Caspian Sea Azerbaijan’s SOCAR produced 3.78 million tons of oil from the country’s offshore and onshore fields in January-June 2016. Azerbaijan's state oil company SOCAR will additionally produce nearly 16,500 tons of oil annually through commissioning
Malaysia’s Petronas company names new head in Azerbaijan Energy
- 2016-07-28 23:09:19
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Malaysia’s Petronas company names new head in Azerbaijan Hanafi Talib has been appointed the new head of Malaysia’s oil and gas company Petronas in Azerbaijan. Azerbaijan’s Energy Ministry said July 27 that Hanafi Talib was presented to Azerbaijan’s Energy Minister Natig
Caspian Overview: BP's Caspian Gas Energy
- 2016-07-28 23:11:13
- 977
Caspian Overview: BP's Caspian Gas Azerbaijan produced about 9.363bn m³ of commercial gas in the first half of this year, down 8.8% year-on-year, of which BP-operated fields counted 71.6%, a top energy official told NGE. BP is the operator of the Caspian Sea’s
SOCAR Interested in Cooperation With Iran, Russia in Caspian Sea Energy
- 2016-08-09 01:08:34
- 784
SOCAR Interested in Cooperation With Iran, Russia in Caspian Sea Azerbaijan's SOCAR energy company seeks cooperation with Russia and Iran, Azeri President Ilham Aliyev said. The State Oil Company of Azerbaijan Republic (SOCAR) is interested in cooperation
Azerbaijan’s SOCAR commissions new well at oldest field in Caspian Sea Energy
- 2016-08-10 15:00:25
- 734
Azerbaijan’s SOCAR commissions new well at oldest field in Caspian Sea Azerbaijan’s state oil company SOCAR will produce over 7,660 tons of oil annually through commissioning a new well at the offshore Oil Rocks field, SOCAR said in a message
TAP: plus 700 line pipes reach Alexandroupoli port Energy
- 2016-08-22 12:02:30
- 854
TAP: 700+ line pipes reach Alexandroupoli port 700+ line pipes to be used for the construction of TAP`s section in Greece have reached the port of Alexandroupoli, Azertac reported, The Trans Adriatic Pipeline (TAP) will transport Caspian natural gas to Europe. Connecting
Azerbaijan realizes 45.5 percent of its SGC financing obligations Energy
- 2016-08-26 09:04:52
- 880
Azerbaijan realizes 45.5 percent of its SGC financing obligations Azerbaijan is fully committed to invest in Southern Gas Corridor (SGC), including the Shah Deniz-2 project, and continues to meet its financial obligations on time, SGC Co CEO Afgan Isaev told Natural
SOCAR to up capacity of gas storages Energy
- 2016-08-26 09:08:09
- 828
SOCAR to up capacity of gas storages Azerbaijan’s state energy company SOCAR announced about plans to increase capacity of its underground gas storages. The decision was taken during a panel meeting of SOCAR’s Azneft Production Union dedicated to the results of works
SOCAR reveals date of first gas production at "Absheron" Energy
- 2016-08-29 16:26:04
- 967
SOCAR reveals date of first gas production at "Absheron" It is planned to produce first gas from the Absheron gas condensate field in 2019, First Vice-President of the Azerbaijani state oil company SOCAR Khoshbakht Yusifzade said. He made the remarks at
Socar Joins New Adriatic Pipe Project Energy
- 2016-08-29 16:39:37
- 1075
Socar Joins New Adriatic Pipe Project Four western Balkans nations signed a memorandum of understanding with Azerbaijan state Socar on co-operation on building the Ionian Adriatic pipeline (IAP) on the sidelines of a Dubrovnik forum 25-26 August. The
SOCAR reveals volumes of oil & gas export Energy
- 2016-08-30 22:54:16
- 700
SOCAR reveals volumes of oil & gas export Georgia and Turkey have so far received 5.5 and 41 billion cubic meters of gas respectively through the Southern Caucasus Pipeline as part of Shahdeniz-1 project, said Khoshbakht Yusifzade, the first vice-president
Azeri Minister: We share same ideas with EU as to diversification of gas exports to Europe - INTERVIEW Energy
- 2016-09-10 11:46:31
- 841
Azeri Minister: We share same ideas with EU as to diversification of gas exports to Europe - INTERVIEW Azerbaijani energy minister Natig Aliyev’s interview to APA - Realization of the Southern Gas Corridor project coincided with the period of cheap oil. The
SOCAR to ink contract on prospective structure in Caspian Energy
- 2016-09-16 22:17:15
- 1539
SOCAR to ink contract on prospective structure in Caspian Azerbaijan’s state oil company SOCAR and Malaysia’s Petronas signed a memorandum of understanding on exploration, development and production of hydrocarbons at a block in the prospective offshore structure Goshadash, SOCAR said
SOCAR: Total may start drilling at Absheron field in mid-2017 Energy
- 2016-09-16 22:27:01
- 1143
SOCAR: Total may start drilling at Absheron field in mid-2017 French company Total may start drilling the first well at the Azerbaijani gas field Absheron in mid-2017, Rovnag Abdullayev, head of the Azerbaijani state oil company SOCAR, told reporters in
SOCAR and Petronas signed MOU on Goshadash Energy
- 2016-09-18 15:03:55
- 1735
SOCAR and Petronas signed MOU on Goshadash The State Oil Company of Azerbaijan (SOCAR) and the Malaysian company Petronas signed the Memorandum of Understanding on the exploration, development and hydrocarbons production on the field that is part of potentially good
Kazakhstan offers SOCAR to take part in Eurasia project Energy
- 2016-09-24 14:45:28
- 720
Kazakhstan offers SOCAR to take part in Eurasia project Kazakhstan offers Azerbaijan’s state oil company SOCAR to consider the possibility of participation in the international Eurasia project, according to the protocol of the 13th session of the Kazakhstan-Azerbaijan intergovernmental commission
Fire engulfed the offshore platform Guneshli-19 in Caspian sea Energy
- 2016-09-27 23:54:47
- 921
Fire engulfed the offshore platform Guneshli-19 in Caspian sea Fire engulfed the offshore platform Guneshli-19 in Caspian sea off Azerbaijan. The accident happened after low-pressure gas blowout occurred on Well No 171 in Guneshli oil field, which inflamed on
Kazakhstan Caspian pipe delayed indefinitely despite Kashagan restart Energy
- 2016-09-27 23:59:07
- 916
<header class="article-header entry-header"> Kazakhstan Caspian pipe delayed indefinitely despite Kashagan restart </header> The rapidly approaching date of re-start of production at Kashagan on October 23 automatically reanimates the question of the need for construction of another major project, namely,
Baku hosts Caspian European Club’s business forum attended by Governor of Tyumen Oblast of RF Vladimir Yakushev Energy
- 2016-11-03 12:59:16
- 1026
IIKSS- Baku has today hosted Caspian European Club’s (Caspian Business Club) business forum held with participation of the governor of the Tyumen Oblast of the Russian Federation Vladimir Yakushev. Prospects of cooperation between the companies of Azerbaijan and
Energy cooperation to be in focus of Azerbaijan-UK talks Energy
- 2016-11-05 12:40:58
- 751
IIKSS- Azerbaijan and the United Kingdom will discuss energy cooperation during UK Prime Minister’s Trade Envoy to Azerbaijan, Turkmenistan and Kazakhstan Baroness Nicholson’s visit to Azerbaijan on November 28–December 1. The UK Embassy in Baku told Trend that
Caspian oil platform workers evacuated after quake Environment
- 2016-11-06 12:47:29
- 913
IIKSS- SOCAR (State Oil Company of Azerbaijan) has evacuated a number of workers from the offshore platform #10 at the Gunashli field due to the earthquake in the Caspian Sea, SOCAR said in a message. “Yesterday, aftershocks were
Azerbaijan ranks first in volume of investments in Georgia Investment
- 2016-12-12 15:32:38
- 860
IIKSS - Being the top foreign investor of Georgia, Azerbaijan invested some $434 million in the economy of the neighboring country within three-quarters of 2016. Georgia’s National Statistics Office reported that the volume of investments recorded an increase
Azerbaijan exports 19M tons of oil products Energy
- 2016-12-20 15:55:18
- 790
IIKSS - Azerbaijan exported 19,098,957 tons of oil products in January-November of this year, according to the State Customs Committee. The official figures suggest that the total value of the exported oil products made $5,896 million. The country
Fitch: Azerbaijan's energy company facing mixed pressures Energy
- 2017-03-25 02:44:31
- 1393
IIKSS- Fitch Ratings gives speculative-grade rating to the state energy company in Azerbaijan, where oil production is on the decline. March 17 (UPI) -- The state energy company of Azerbaijan, a party to OPEC-led balance efforts, beat its
Drilling Operations In Caspian Sea To Meet Global Best Practices Energy
- 2018-07-31 10:01:00
- 627
Drilling industry in the Caspian region entered an all-new period after Azerbaijan’s SOCAR AQS and the British KCA Deutag Group converged their advanced technologies and sophisticated expertise within a joint venture last week
SOCAR, UNIPER join together to increase energy efficiency in Azerbaijan Energy
- 2018-08-26 11:03:07
- 789
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Uniper SE and Azerbaijan’s state oil company SOCAR will collaborate on projects aimed at improving the energy efficiency of oil and gas production in Azerbaijan, SOCAR said in a message Aug. 25. The two companies signed an agreement to
Azerbaijan to increase gas production, expand geography of exports Energy
- 2018-09-22 14:16:30
- 830
More and more countries are getting involved in a unique South Gas Corridor (SGC) project that will enable Europe to strongly improve its energy security. On his visit to Croatia in early September, Azerbaijani President Ilham Aliyev stressed at
Gazprom, SOCAR mull issues of gas supply to Azerbaijan Energy
- 2018-10-14 10:35:13
- 852
Russian company Gazprom and the Azerbaijani state oil company SOCAR discussed the issues concerning gas supplies to Azerbaijan. These issues were discussed during the meeting between Chairman of the Board of Gazprom Alexey Miller and SOCAR President Rovnag Abdullayev,
BP talks deep gas production at ACG in Azerbaijan Energy
- 2019-01-28 11:03:33
- 704
Negotiations continue on deep gas production from the Azeri-Chirag-Gunashli (ACG) block, BP Azerbaijan Vice President Bakhtiyar Aslanbayli told Trend Jan. 28. He said that deep gas at the ACG block of fields is planned to be produced for the
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