Hess Corporation has agreed to sell its 2.72 percent interest in the Azeri, Chirag and Guneshli Fields (ACG) in Azerbaijan and its 2.36 percent interest in the associated BTC pipeline to ONGC Videsh Ltd. for $1 billion. The transaction, expected to close in the first quarter of 2013, is subject to Indian and other government [...]
Renaissance Subsidiary, Topaz signs over $65 million of new charters and announces the acquisition of two AHTS.
A ‘Notice of Discovery and its Commerciality’ for the Absheron discovery was submitted on June, 1 on behalf of the partnership Socar – Total – GDF Suez by operator Total E&P Absheron. The step is described as “an important milestone in the frame work of the Agreement on Exploration, Development and Production Sharing for the [...]
Keppel Offshore & Marine’s (Keppel O&M) yards in the U.S. and Azerbaijan have secured contracts worth a total of about US$70 million. In the US, Keppel AmFELS LLC, has secured a contract from Transocean Offshore Deepwater Drilling Inc. (Transocean) to repair and upgrade the semisubmersible (semi) rig Sedco 707. Scheduled to arrive at Keppel AmFELS [...]
June 29, 2012 | Posted in
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Continuing with its 2012 event calendar, Sonardyne International will be exhibiting at EAGE (European Association of Geoscientists & Engineers), 4th-7th June in Copenhagen and Caspian Oil & Gas, 5th-8th June in Baku, Azerbaijan. The largest, most comprehensive geoscience event in the world, EAGE is an opportunity to present the latest developments in geophysics, geology and [...]
Topaz Energy and Marine, a subsidiary of Oman-based Renaissance Services SAOG and a regional leader in providing offshore support vessels and engineering services, has added yet another milestone to its 35-year history by building two Anchor Handling/Offshore Support/Towing vessels. The two sister vessels – Topaz Dignity and Topaz Triumph – will be operated by Topaz [...]
May 8, 2012 | Posted in
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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, [...]
On March 1, SOCAR President Mr. Rovnag Abdullayev met with the delegation led by the CEO of Qatar Petroleum International Mr. Nasser Al-Jaidah at Head office of SOCAR. Welcoming the guests, SOCAR President stressed the successful development of bilateral relations between Qatar and Azerbaijan and this friendly state’s distinctive place in the world oil and [...]
![Azerbaijan: SOCAR Begins Seismic Survey at Umid and Babak]()
Azerbaijan’s state oil company SOCAR has started 3D seismic data acquisition operations at Umid and Babak offshore blocks in the Caspian Sea to gain more information on availability of the South Caspian basin, as well as its geological structure. Caspian Geophysical, a joint venture between WesternGeco (Schlumberger) and the State Oil Company of Azerbaijan (SOCAR), [...]
March 1, 2012 | Posted in
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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 [...]
