Absheron field boosts condensate output
The Absheron gas field produced 0.1 million tons of condensate in January-February 2025, marking a 4.2% increase compared to the 96,000 tons produced …
Shah Deniz
Oil giant bp to increase investment in Azerbaijan
BP company is considering more investments in the Azerbaijani sector of the Caspian Sea, BP's Vice President for Wells in Azerbaijan-Georgia-Türkiye (AGT) region Russell Morris said at the IADC Drilling Caspian 2025 exhibition held in …
Azerbaijani gas supplies to Bulgaria resumed
Bulgaria has resumed receiving Azerbaijani gas following a nearly two-week pause caused by technical problems at the Shah Deniz field in the Caspian Sea.
Output from Azerbaijan's Shah Deniz platform restored
BP, the operator of Azerbaijan’s Shah Deniz gas condensate field, has announced the resumption of production from the Shah Deniz Alpha platform as of the evening of January 18, BP Azerbaijan reported. BP reported that the …
Bulgaria announces imminent resumption of Azerbaijani gas supplies
Azerbaijan is expected to resume gas supplies to Bulgaria on January 15, the Bulgarian News Agency said, citing the Bulgarian state-owned gas distributor Bulgargaz. "Deliveries of natural gas from Azerbaijan are …
Azerbaijan warns Serbia of forced suspension of gas supplies
According to him, Baku also warned that it is impossible to tell when supplies will be restored.
Azerbaijan and Türkiye extend gas supply from Shah Deniz field
Azerbaijan and Türkiye have signed an agreement to extend Azerbaijani gas supplies from Stage 1 of the Shah Deniz …
Uzbekneftegaz may join Shah Deniz project
Uzbekistan's national oil and gas company, Uzbekneftegaz, plans to participate in the project to develop the Shah Deniz gas field in the Azerbaijani sector of the Caspian Sea, Uzbek Investment, Industry and Trade Minister Laziz Kudratov told …
LUKOIL reveals impact of its share boosting in Shah Deniz
Increasing share of Russia's LUKOIL in the Shah Deniz gas project in Azerbaijan to nearly 20% allowed the company to expand its foreign gas production …
Azerbaijan expects more gas from Shah Deniz
Azerbaijan expects more gas from the new phase of Shah Deniz in four years’ time, President of Azerbaijan Ilham Aliyev said, addressing the 4th international conference on “Shaping the Geopolitics of the Greater Eurasia: …
Shahdeniz to reach peak production this year
The "Shahdeniz" gas-condensate field will reach its peak production in 2023, BP vice president for communications and external relations in the Caspian and Middle …
Azerbaijan intends to reach multi-billion non-oil trade volume with EU
The government of Azerbaijan has revealed its plans to expand bilateral trade with the European Union
Production at Shah Deniz field's Alpha platform suspended
BP Azerbaijan said on Monday that production at its Alpha platform at the Shah Deniz gas field had been suspended on Aug. 14 for 14 days for planned maintenance. The company said last month that the suspension was due this quarter. …
Azerbaijan intends to switch to renewable energy
In mid-January, Azerbaijani and Saudi officials gathered in Baku to mark the start of construction on a 240MW wind power project. A deal had been signed for the $300m scheme, some 45km northwest of the capital, two years earlier. Not far …
Lukoil increases stake in Shah Deniz gas field
Russia's Lukoil has announced completion of the transaction of buying a 9.99% interest in the Shah-Deniz gas project from PETRONAS. The transaction value is approximately $1.45 billion. Following the completion …
Azerbaijan to help Turkey overcome shortage of Iranian gas
Azerbaijan will increase gas supplies to Turkey, deputy head of the public relations and events department at Azerbaijan's state oil company SOCAR Ibrahim Ahmadov said. Amid technical problems in gas …
Lukoil buys 15.5% of the Caspian gas project Shah Deniz from Petronas
Lukoil has signed an agreement to purchase a 15.5% stake in the Shah Deniz gas project in the Azerbaijani sector of the Caspian Sea from the Malaysian company Petronas for $ 2.25 billion, the Russian company said in a statement. The …
Energy price explosion jolts European markets
Europe is sounding the alarm as the continent continues to grapple with its energy crisis, with gas extending record highs, in line with rallying energy markets. European electricity and gas prices have rocketed this year as tight …
BP boosts offshore gas production in Azerbaijan
BP has announced the start of gas production under the second phase of the Shah Deniz offshore project in Azerbaijan’s deep-water sector of the Caspian Sea, with the UK supermajor also resuming plans to start long-discussed shallow water exploration drilling in the country
Gazprom changes strategy on Turkish direction
Before 2020, Russia was the leading gas exporter to Turkey with a market share around 33%. Few were those who predicted any sudden alterations to this order of things
