Oil and Gas Industry Latest News

17.12.2015 KCA Deutag Awarded Major Contracts in Azerbaijan

Leading global drilling and engineering contractor, KCA Deutag, announces that it has been awarded two contracts with BP Exploration (Caspian Sea) Limited.  These contracts have a combined value of approximately $360 m for the initial contract or $1bn including all optio

19.11.2015 Turkmenistan Heading Towards World Gas Markets

Turkmenistan ranks fourth in the world regarding total gas reserves. Up till now the country’s role on the global gas market has been limited. However, it seems that the country thinks about changing the situation.

14.10.2015 Turkmenistan Increases Oil Production

The oil production in Turkmenistan stood at 9.76 million tons in the first nine months of 2015, or almost 600,000 tons more than in the same period of 2014, said the message from the country’s Ministry of Oil and G

07.10.2015 Wood Group Awarded Automation Project for Tengiz Field

Wood Group has been awarded a multi-million dollar contract by Bechtel to provide an automation solution consisting of detailed engineering, control hardware and remote instrument enclosures (RIEs) for Tengizchevroil's (TCO's) Crude Storage Capacity Project at the Tengiz

06.10.2015 Kazakhstan Mulling Refineries Privatization

All the three Kazakhstan-based oil refineries located in Shymkent, Pavlodar and Atyrau might be privatized in Kazakhstan, Daniyar Berlibayev, Vice Chairman of the Board at KazMunaiGas, said on the sidelines of Kazenergy forum.

06.10.2015 Trend: Kazakhstan Does Not Intend to Increase Share in Karachaganak Project

At present, Kazakhstan is not considering an opportunity of purchasing a share of the British oil and gas company BG Group plc in the Karachaganak project and thereby increasing its stake in the project, the Kazakh energy ministry told Trend.

30.09.2015 Turkmenistan Becomes China’s Biggest Strategic Partner in Gas Provision

Among the leading oil and gas powers, Turkmenistan has first become a major strategic partner of China in natural fuel provision, the Ministry of Oil and Mineral Resources of Turkmenistan said.

30.09.2015 Kazakhstan Interested in Resuming Iran Oil Swap Deal: Deputy Minister

Kazakhstan is interested in resuming crude oil shipments to Iran under a previous swap deal, provided sanctions against Iran are lifted and Iran offers the same conditions, Deputy Energy Minister Uzakbay Karabalin told Platts Tuesday.