BP has commenced production from a new section of its huge Shah Deniz gas field.
Offshore gas platforms in the Caspian Sea have been marked as safe, despite media coverage of a large explosion in the area, according to a news report.
A joint venture between UK-headquarterd energy services firm Petrofac and Azerbaijan’s state oil company has secured a £77 million contract with BP Azerbaijan.
The energy-rich Central Asian nation of Turkmenistan is hosting an economic forum intended to bolster co-operation between Caspian Sea nations.
Lukoil has completed its drilling of the third well at an offshore field in the Caspian Sea.
Topaz Energy and Marine has won a contract to supply 14 offshore supply vessel contract with BP Exploration offshore Azerbaijan.
Authorities have stopped a sweeping search for 18 oil workers who disappeared from an oil platform in the Caspian Sea.
Oil major BP has awarded two contracts to KCA Deutag worth $1billion.
A survivor of a fire at the Guneshli field in Azerbaijan has told how workers were stranded on a lifeboat for 18 hours while they waited to be rescued. Malakhat Aliyeva told reporters strong winds had made it challenging for rescuers to approach the lifeboat, which had around 26 people on board. One person has been confirmed dead, while another 29 workers are missing, following the fire off the cost of Azerbaijan.
Saipem has been awarded a $1.8billion engineering and construction contract from the Kashgan field project in the Caspian Sea. The deal, through its subsidiary ERSAI Caspian Contractor LLC, is for the construction of two 95km pipelines which will connect D island in the Caspian Sea to the Karabatan onshore plant in Kazakhstan.