Search results for: Deniz

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  • 17 December 2013

    The Shah Deniz consortium today announced the final investment decision (FID) for the Stage 2 development of the Shah Deniz gas field in the Caspian Sea, offshore Azerbaijan.  This decision triggers plans to expand the South Caucasus Pipeline through Azerbaijan and Georgia, to construct the Trans Anatolian Gas Pipeline (TANAP) across Turkey and to construct […]

  • 17 December 2013

    The Shah Deniz consortium announced the final investment decision for the Stage 2 development of the Shah Deniz gas field in the Caspian Sea, offshore Azerbaijan. This decision triggers plans to expand the South Caucasus Pipeline through Azerbaijan and Georgia, to construct the Trans Anatolian Gas Pipeline (TANAP) across Turkey and to construct the Trans […]

  • 20 September 2013

    The Shah Deniz consortium announced that 25-year sales agreements have been concluded for just over 10 billion cubic metres a year (BCMA) of gas to be produced from the Shah Deniz field in Azerbaijan as a result of the development of Stage 2 of the Shah Deniz project. Nine companies will purchase this gas in […]

  • 20 September 2013

    The Shah Deniz consortium announced today that 25-year sales agreements have been concluded for just over 10 billion cubic metres a year (BCMA) of gas to be produced from the Shah Deniz field in Azerbaijan as a result of the development of Stage 2 of the Shah Deniz project. Nine companies will purchase this gas […]

  • 2 July 2018

    UK-based major BP and its partners in the Shah Deniz consortium started up the Shah Deniz 2 gas development in Azerbaijan, including its first commercial gas delivery to Turkey.

  • 17 April 2012
    Business & Finance, Operations & Maintenance, Research & Development

    The Shah Deniz consortium has reached an important milestone and approved the decision to commence Front End Engineering and Design (FEED) on the estimated $25 billion Shah Deniz Stage 2 project. This was officially announced in Baku during the meeting between the President of the Republic of Azerbaijan H.E. Ilham Aliyev and Bob Dudley, Group […]

  • 13 October 2014

    Statoil has sold its 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company (SCPC), 15.5% share in the SCPC holding company, and 12.4% share in the Azerbaijan Gas Supply Company (AGSC) to Petronas. The transaction value is USD 2.25 billion. In recent years Statoil has strengthened […]

  • 2 July 2018
    Project & Tenders

    BP’s giant Shah Deniz 2 gas project in Azerbaijan has been launched including its first commercial gas delivery to Turkey, the UK oil and gas firm said on Monday.

  • 22 February 2012
    Business & Finance

    Shah Deniz consortium in Azerbaijan lead by BP and SOCAR has selected Trans Adriatic Pipeline over the ITGI (Interconnector Turkey-Greece-Italy) as the pipeline route for Caspian natural gas. The pipeline will carry gas from Shah Deniz field located in the Caspian Sea to Italy and further to Western Europe. The negotiations on the project between TAP […]

  • 2 July 2018
    Operations & Maintenance, Research & Development

    BP has launched the landmark Shah Deniz 2 gas development in Azerbaijan, including its first commercial gas delivery to Turkey, on Monday. The BP-operated $28 billion project is the first subsea development in the Caspian Sea and the largest subsea infrastructure operated by BP worldwide. It is also the starting point for the Southern Gas Corridor series of […]

  • 17 April 2012

    The Shah Deniz consortium has reached an important milestone and approved the decision to commence Front End Engineering and Design (FEED) on the estimated $25 billion Shah Deniz Stage 2 project. This was officially announced in Baku today during the meeting between the President of the Republic of Azerbaijan H.E. Ilham Aliyev and Bob Dudley, […]

  • 17 April 2012
    Business & Finance

    The Shah Deniz consortium has reached an important milestone and approved the decision to commence Front End Engineering and Design (FEED) on the estimated $25 billion Shah Deniz Stage 2 project. This was officially announced in Baku today during the meeting between the President of the Republic of Azerbaijan H.E. Ilham Aliyev and Bob Dudley, […]

  • 22 February 2012

    TAP said in a statement that it  has been selected by Shah Deniz as the pipeline route to Italy. “TAP will now enter into exclusive negotiations with Shah Deniz on progressing the project,” TAP said. The company firmly believes that TAP remains a strong contender to win the bid to transport Shah Deniz II gas […]

  • 22 February 2012
    Business & Finance, Project & Tenders

    TAP has been selected by Shah Deniz as the pipeline route to Italy. “We will now enter into exclusive negotiations with them on progressing the project. We look forward to progressing the TAP project together with the Shah Deniz Consortium and the Italian, Albanian and Greek Governments” the offical says. The company firmly believes that […]

  • 2 April 2013

    The Shah Deniz consortium, which operates Azerbaijan’s largest offshore gas field, has begun evaluating final offers it has received from the Nabucco Gas Pipeline International and Trans Adriatic Pipeline (TAP) for transportation of Shah Deniz Stage 2 gas to Europe. The submissions allow the Shah Deniz consortium consisting of BP, Statoil, SOCAR, LUKOIL, TOTAL, NICO […]

  • 17 December 2013
    Business & Finance, Operations & Maintenance, Research & Development

    Statoil ASA has together with partners in the Shah Deniz consortium in Azerbaijan today made a final investment decision for the stage 2 development of the Shah Deniz gas field in the Caspian Sea offshore Azerbaijan. Statoil also enters an agreement to divest a 10% share of its 25.5% holdings in Shah Deniz and the […]

  • 28 October 2013

    Azerbaijan’s state-controlled oil company SOCAR today announced that natural gas production from the Bulla Deniz platform in the Caspian Sea has been completely restored. The company confirmed that on October 25, as a result of joint efforts by the SOCAR and “BOOTS & Coots” specialists, transportation of gas produced at platform No.90 of Bulla-Deniz field […]

  • 14 August 2015
    Project & Tenders

    The operator of the Shah Deniz field, the UK oil and gas major BP, has released a video showing the progress of the Shah Deniz Stage 2 project.  According to BP, Shah Deniz Stage 2 is one of the largest gas developments in the world that will help increase European energy security by bringing Caspian gas resources […]

  • 30 December 2013

    KBR  today announced that it was awarded a contract by BP Exploration (Shah Deniz) Limited to provide detailed engineering and procurement support services for the Shah Deniz Stage 2 Project located in the Azerbaijan sector of the Caspian Sea. It will be booked into backlog in Q4 2013.   This contract win follows the successful […]

  • 13 October 2014

    Norway’s Statoil has sold its 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company (SCPC), 15.5% share in the SCPC holding company, and 12.4% share in the Azerbaijan Gas Supply Company (AGSC) to the Malaysian oil and gas company PETRONAS. The transaction value is USD 2.25 […]

  • 28 October 2011
    Business & Finance

    The Republic of Azerbaijan and the Republic of Turkey have signed a number of key gas export related agreements to enable Turkey to buy gas from Azerbaijan and to transit Azerbaijan gas through Turkey to Europe. The documents signed in Izmir (Turkey) on Tuesday, October 25, included an Intergovernmental Agreement (IGA) between the Government of […]

  • 27 June 2013

    The Shah Deniz II consortium, which operates Azerbaijan’s largest offshore gas field, informed OMV, as a shareholder of NABUCCO Gas Pipeline International Gmbh (NGPI), about the decision on their preferred gas transportation route to Europe. The Nabucco West project was not selected by the consortium. OMV commented:“While OMV accepts the decision of the consortium, OMV […]