414 results found for 'shah deniz'

414 results found for 'shah deniz'
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  • BP confirms multimillion-dollar deals for gas field expansion and terminal electrification

    19 August 2025
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Transition

    BP has corroborated the award of engineering and procurement support assignments to the SOCAR-KBR joint venture (JV), entailing KBR, a U.S.-headquartered science, technology, and engineering player, and Azerbaijan’s SOCAR.

  • BP entrusts KBR-SOCAR JV with terminal electrification and giant gas field’s next phase

    15 July 2025
    Business & Finance, Business Developments & Projects, Project & Tenders

    KBR, a U.S.-headquartered science, technology, and engineering player, has won new assignments in Azerbaijan with the UK-headquartered BP, thanks to its joint venture with SOCAR, known as SOCAR-KBR, which will undertake detailed engineering design solutions and procurement services for two projects designed to contribute to the country’s energy security.

  • BP green-lights batch of energy projects: Next chapter of mega gas field is a go

    3 June 2025
    Business & Finance, Business Developments & Projects, Exploration & Production, Transition

    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.

  • Triple contract win for Saipem in Azerbaijan valued at $600M

    16 October 2025
    Business & Finance, Business Developments & Projects, Exploration & Production, Infrastructure, Project & Tenders

    Italian engineering, drilling, and construction services firm Saipem has secured three new contracts for a gas project in Azerbaijan operated by UK-headquartered energy giant BP, which together have a value of approximately $600 million. The offshore contracts were awarded in consortium with BOS Shelf LLC and BOS Shelf International FZCO, both affiliates of the State […]

  • UAE and Azerbaijan strengthen ties as ADNOC’s XRG expands Caspian Sea footprint

    4 November 2025
    Business & Finance, Business Developments & Projects

    XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which includes Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has set the wheels in motion to join Southern Gas Corridor (SGC) CJSC, which delivers gas resources from the Azerbaijani sector of the Caspian Sea to the European market.

  • Oil & gas boost on the horizon: SOCAR taps SLB for Caspian Sea duo’s revamp

    7 October 2025
    Business & Finance, Business Developments & Projects, Collaboration, Exploration & Production, Project & Tenders

    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 assets off the coast of Azerbaijan.

  • BP rakes in $1 billion from sale of partial stake in pipeline carrying gas from field off Azerbaijan

    21 March 2025
    Business & Finance, Business Developments & Projects

    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 from a giant offshore field in Azerbaijan across Türkiye.

  • BP flips gas production switch back on at giant platform off Azerbaijan

    20 January 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    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.

  • Rekindled Shell-BP merger rumor mill going wild: Wishful thinking or real possibility?

    21 February 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Speculation is running rampant over a potential business combination between two oil majors, with the energy industry abuzz over the alleged merger between the UK-headquartered Shell and BP and the implications such a mega consolidation move could have on the global scene.

  • BP shuts down production at offshore platform, Azerbaijan cuts off gas supplies to Bulgaria and Serbia

    11 January 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Regulation & Policy

    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.

  • BP expands 70-year relationship with US firm through deal spanning its global energy portfolio

    13 January 2025
    Business & Finance, Business Developments & Projects, Project & Tenders

    U.S.-headquartered science, technology, and engineering player KBR has secured a global agreement, which builds upon the duo’s decades-long relationship with BP, the UK-based energy giant.

  • Shah Deniz on stream

    14 December 2006

    The Shah Deniz development in Azerbaijan

  • Shah Deniz Partners Join TAP

    30 July 2013

    The Trans Adriatic Pipeline AG (TAP) today announced that BP, SOCAR and Total – members of the international consortium developing the giant Shah Deniz field in Azerbaijan – have exercised their option to join the Trans Adriatic Pipeline AG. BP and SOCAR have each taken a 20% share while Total has acquired 10%. In addition, […]

  • Statoil: Shah Deniz installed

    4 May 2006

    The gas and condensate production platform for the Shah Deniz field in the Caspian Sea off Azerbaijan has now been installed. Statoil has a 25.5% interest in the field, which is operated by BP. The platform has a key role in the gas and condensate development in the Caspian off Azerbaijan, according to Thor Viggo […]

  • Statoil in Shah Deniz Asset Sale

    13 October 2014
    Business & Finance, Operations & Maintenance

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

  • Azerbaijan: Shah Deniz Production Figures

    1 July 2011

    Shah Deniz offshore gas condensate field produced 2.591bn cubic meters of gas in January-May, according to sources in SOCAR.  Gas … By Rufat Abbasov, News.Az [mappress] Source: News.az, July 1, 2011;

  • Petrofac thrilled with Shah Deniz contract

    29 July 2014
    Business & Finance

    Petrofac, the international oil & gas facilities service provider, has secured a contract with the BP-operated prestigious Shah Deniz 2 project in Azerbaijan to provide their maintenance build capabilities. The contract, valued at around £5 million, covers new onshore, offshore and pipeline assets in the Azerbaijan sector of the Caspian Sea for what is one […]

  • Statoil sells Shah Deniz stake to Petronas

    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 […]

  • DNV GL to Work on Shah Deniz 2

    21 September 2015
    Business & Finance, Operations & Maintenance, Project & Tenders

    DNV GL has been awarded a contract for the provision of Marine Warranty, Operations And Consultancy Services for the Shah Deniz 2 project operated by BP Exploration (Shah Deniz) Limited. DNV GL will support the operator in assuring the project equipment transportation and installations are conducted to recognized guidelines, standards and internal requirements. Shah Deniz […]

  • Shah Deniz: TAP Priority Route to Italy

    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 […]

  • Statoil Completes Shah Deniz Farm Down

    6 May 2014

    Statoil of Norway completed the farm down of 10% of its interest of 25.5% in the Shah Deniz Production Sharing Agreement and the South Caucasus Pipeline Company Limited to BP (3.33%) and SOCAR (6.67%). The consideration for the sale and transfer of these assets is USD 1.45 billion. The divestment that was announced in December 2013, is […]

  • Allspeeds Supplies Webtool for Shah Deniz 2

    18 May 2016
    Equipment

    Allspeeds has been awarded a contract to supply Webtool emergency disconnection tools for well intervention and workover in the Shah Deniz 2 field in the Caspian Sea. Webtool enables rapid cutting of umbilical multiple fluid transfer jumpers, electrical lines and tension wire, in the event of an emergency disconnect subsea, the company explained. Shah Deniz […]

  • Shah Deniz Awards Stage 2 Contracts

    11 April 2014

    The Shah Deniz Stage 2 project continues to progress on schedule with further major construction and supply contracts recently awarded. The contract for the fabrication of the jackets for the two planned offshore platforms, pin piles and subsea structures has been awarded to the consortium consisting of BOS Shelf LLC, Saipem Contracting Netherlands B.V. and […]

  • Emerson clinches Shah Deniz automation job

    5 November 2014
    Equipment

    BP has awarded Emerson Process Management, a global business of Emerson, a contract in excess of US$40 million to be the Main Automation Contractor for the Shah Deniz Stage 2 development project in the Azerbaijan sector of the Caspian Sea. Emerson will provide integrated control and safety systems to help ensure safe and efficient control […]

  • Shah Deniz offshore installation contract awarded

    30 April 2014
    Business & Finance, Equipment, Project & Tenders

    The Shah Deniz consortium announce a major offshore transport and installation contract award for the Stage 2 development of the Shah Deniz field to the BOS Shelf LLC, Saipem Contracting Netherlands B.V. and Star Gulf FZCO consortium. The award of this $1.8 billion contract, part of the Shah Deniz Stage 2 and South Caucasus Pipeline […]