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15.05.2014 Azerbaijan’s SOCAR commissions well in Caspian Sea after overhaul

The State Oil Company of Azerbaijan has commissioned another well in the shallow part of "Guneshli" in the Azerbaijani sector of the Caspian Sea after overhaul, Trend said on May 14.

15.05.2014 Azerbaijan’s Absheron gas condensate field to produce gas no earlier than 2018

The Absheron gas condensate field in the Azerbaijani sector of the Caspian Sea will start producing gas not earlier than 2018, Azerbaijani Energy Minister Natig Aliyev told journalists on May 14, Trend reported on May 15.

14.05.2014 Azerbaijan’s SOCAR to resume gas supply to Russia

Azerbaijan's state energy company SOCAR plans to resume gas supply to Russia after completing the restoration work on the pipeline that runs from Azerbaijan to Russia, Trend reported on May 14, citing SOCAR head Rovnag Abdullayev as saying on May 13.

13.05.2014 TANAP pipeline capacity to reach 31bn cubic meters in 2026 – Azerbaijan’s SOCAR

The capacity of the Trans-Anatolian (TANAP) gas pipeline project will annually exceed 31 billion cubic meters of gas in 2026, Azernews reported on May 12.

07.05.2014 Statoil Farm Down in Shah Deniz and South Caucasus Pipeline Completed

Statoil 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%).

06.05.2014 RWE Dea signs Joint Study Agreement in Azerbaijan

RWE Dea has signed a Joint Study Agreement with the State Oil Company of the Azerbaijan Republic (SOCAR). Both companies will evaluate the hydrocarbon prospectivity in an area south of Baku in the Caspian Sea in close cooperation.

30.04.2014 Azerbaijan’s Shah Deniz awards $1.8-billion offshore installation contract

The Shah Deniz consortium announced 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, Trend reported on April 29.

29.04.2014 Oil production stabilised in Azerbaijan

The oil production at 40-45 million tons will be sufficient to ensure the inflow of revenues from the required quantity sale into Azerbaijan, Energy Minister Natig Aliyev said at the seventh Caspian Oil and Gas Trading and Transportation Conference in Baku on April 28, A

24.04.2014 Azerbaijan’s SOCAR, BP agree to build multipurpose vessel

Azerbaijan's state energy company SOCAR's Shipyard and British BP signed an agreement to construct a multipurpose vessel, Azernews reported on April 24.

24.04.2014 Azerbaijan ready to pump gas from Caspian Sea's east coast

The Azerbaijani side is always ready to provide transit opportunities in case of implementation of the Trans-Caspian gas pipeline, SOCAR head Rovnag Abdullayev told journalists on April 23, Azernews has reported.