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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.

23.04.2014 Caspian hydrocarbon reserves to double by 2035 - Azerbaijani minister

The Caspian region will become a reliable source of gas supplies to Europe amid the growth of consumption volumes and the need of diversifying the sources of energy supply, Azerbaijani Energy Minister Natig Aliyev said at the Caspian Energy first international forum on A

15.04.2014 Russia’s Lukoil to increase associated gas utilization to 95%

Lukoil will increase associated gas utilization to 95%, as stipulated by the government, by the end of 2014, Lukoil board chairman Valery Grayfer has told an economic forum on the Caspian region.

10.04.2014 Kazakhstan discusses incentives for foreign investors

The preferences and privileges for foreign investors who decided to begin exploration in the country are being discussed in Kazakhstan, head of the "Society of Petroleum Geologists of Kazakhstan" Baltabek Kuandikov told the media on April 8, Trend reported on April 9.

09.04.2014 Iran confirms talks on oil-for-good deal with Russia

Iran officially confirmed that negotiations related to bartering Iranian oil with Russian goods are continuing, Trend reported on April 8.

08.04.2014 Kazakhstan’s Kashagan may fail to restart in 2014

Output at Kazakhstan's huge Kashagan oilfield may fail to restart this year if test results expected in May show cracks in the offshore part of its pipeline network, Kazakh Oil and Gas Minister Uzakbai Karabalin said on April 7, Reuters has reported.

08.04.2014 Russia’s ASPO launches another jack-up rig

Astrakhan based shipyard, the Astrakhan Shipbuilding Production Association (ASPO, part of Caspian Energy Group) on April 6 held a launching of jackup drilling rig Mercury, the Professional Union of Astrakhan shipbuilders and repairers said in its news release, Portnews.

07.04.2014 Kazakhstan to drill 14-km-deep wells

Kazakhstan is going to drill wells deep up to 14 kilometers, Kazinform has reported, citing the president of the local oil geologist society, Baltabek Kuandykov. Earlier, the head of state decided to set up a government agency to oversee geological exploration.

02.04.2014 Oil exports via Caspian Pipeline jump in March

Russian and Kazakh oil exports via the Caspian Pipeline Consortium (CPC) jumped by 24 percent in March, compared with a year earlier, as the result of an expansion in pipeline capacity, Reuters reported on April 1.

01.04.2014 Azerbaijan’s SOCAR to set up new platform in Caspian Sea

Azerbaijan's state energy company SOCAR is planning to set up a new platform at the Darwin Bank field in the Azerbaijani sector of the Caspian Sea, Azernews reported on March 31.