Category: azerbaijan
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ADNOC’s XRG widens gas and LNG portfolio with Argentina and Caspian Sea deals
ADNOC’s XRG widens gas and LNG portfolio with Argentina and Caspian Sea deals XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which includes Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has taken steps to expand its footprint by firming up agreements to come aboard a proposed liquefied natural gas (LNG)…
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Oil & gas boost on the horizon: SOCAR taps SLB for Caspian Sea duo’s revamp
Oil & gas boost on the horizon: SOCAR taps SLB for Caspian Sea duo’s revamp SLB has signed on the dotted line to pool resources with the State Oil Company of the Republic of Azerbaijan (SOCAR) for the redevelopment of two oil and gas fields in the Caspian Sea to augment production from these mature…
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German firm pens 10-year gas deal with Azerbaijan’s SOCAR
German firm pens 10-year gas deal with Azerbaijan’s SOCAR Germany’s Securing Energy for Europe (SEFE) has secured a multi-year import of natural gas by inking an agreement with the State Oil Company of the Republic of Azerbaijan (SOCAR), fortifying Europe’s energy security. The post German firm pens 10-year gas deal with Azerbaijan’s SOCAR appeared first…
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BP green-lights batch of energy projects: Next chapter of mega gas field is a go
BP green-lights batch of energy projects: Next chapter of mega gas field is a go BP has revealed final investment decisions for multiple projects, including the next phase of development for a giant natural gas field in the Caspian Sea, described as one of the world’s largest gas-condensate fields and the company’s largest gas discovery.…
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BP rakes in $1 billion from sale of partial stake in pipeline carrying gas from field off Azerbaijan
BP rakes in $1 billion from sale of partial stake in pipeline carrying gas from field off Azerbaijan BP has struck a deal with Apollo-managed funds to divest a minor non-controlling stake in BP Pipelines (TANAP), the firm’s subsidiary that holds its 12% interest in owner and operator of the pipeline that carries natural gas…
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BP flips gas production switch back on at giant platform off Azerbaijan
BP flips gas production switch back on at giant platform off Azerbaijan BP has restarted production from a platform in the Caspian Sea at one of the world’s largest gas-condensate fields and the company’s largest gas discovery ever. The post BP flips gas production switch back on at giant platform off Azerbaijan appeared first on…
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BP shuts down production at offshore platform, Azerbaijan cuts off gas supplies to Bulgaria and Serbia
BP shuts down production at offshore platform, Azerbaijan cuts off gas supplies to Bulgaria and Serbia A pipeline malfunction has forced BP, the UK-headquartered energy giant, to temporarily stop production from a platform at one of the world’s largest gas-condensate fields and the company’s largest gas discovery ever. The post BP shuts down production at…
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Closing oil & gas chapters in Azerbaijan and Nigeria garners $2 billion for Equinor’s portfolio enhancement
Closing oil & gas chapters in Azerbaijan and Nigeria garners $2 billion for Equinor’s portfolio enhancement Equinor has crossed the finish line for the divestment of its upstream assets in Azerbaijan and Nigeria, bringing a consideration of up to $2 billion to fuel the firm’s oil and gas portfolio optimization mission. The post Closing oil…
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Carbon markets are a go but trillions at stake: Will ‘climate finance COP’ deliver the goods at the eleventh hour?
Carbon markets are a go but trillions at stake: Will ‘climate finance COP’ deliver the goods at the eleventh hour? Given the trillion-dollar gap between the Global South’s demands and the Global North’s proposal for a new climate finance target, the 29th Conference of the Parties (COP29) has run into overtime in one last attempt…