A survivor of a fire at the Guneshli field in Azerbaijan has told how workers were stranded on a lifeboat for 18 hours while they waited to be rescued. Malakhat Aliyeva told reporters strong winds had made it challenging for rescuers to approach the lifeboat, which had around 26 people on board. One person has been confirmed dead, while another 29 workers are missing, following the fire off the cost of Azerbaijan.
A search is still under way for 29 workers missing after a fire swept through an offshore oil platform in Azerbaijan.
An offshore oil platform has caught fire and had to be evacuated.
BP has suspended operations at Chirag, one of its platforms in the Caspian Sea, for planned maintenance, the British oil company said today.
Construction or preliminary work has begun on three new pipelines designed to flow new supplies of natural gas from Azerbaijan to consumers in Turkey, Bulgaria, Greece, and Italy reports the US Energy Information Administration.
Persistent negativity by the European Parliament directed towards Azerbaijan risks alienating an “important partner” and its people, Baku has warned, after recent comments by EP President Martin Schulz.
An explosion hit Turkey's Shah Deniz pipeline carrying natural gas from Azerbaijan early on Tuesday but there was no impact on supply because the flow was already suspended for maintenance, a senior Turkish energy official said. It was not immediately clear what caused the blast, but it comes days after an attack by the PKK Kurdish militant group halted the flow in a pipeline carrying crude oil to Turkey from Iraq.
GE Oil & Gas will provide high-end turbomachinery for the first phase of the landmark Trans-Anatolian Natural Gas Pipeline (TANAP) - a partnership between BP, the State Oil Company of Azerbaijan (SOCAR) and Turkey's state-owned BOTA (Petroleum Pipeline Corporation).
UK oil company BP has completed maintenance and resumed production at its West Azeri platform in the Caspian Sea, Tamam Bayatly, a spokeswoman for BP Azerbaijan, said on Friday.
Azerbaijan, the third-largest oil producer in the former Soviet Union, devalued its currency after the falling price of crude pressured the country’s finances. The central bank set the manat at 1.05 against the dollar, compared with 0.784 as of February 21, it said today in an e-mailed statement from the capital, Baku.
Cape said its SOCAR Cape joint venture has been awarded three significant contracts in Azerbaijan worth $65million. The company will supply services to projects that are part of the development of the Shah Deniz field, a major natural gas development in the country. The joint venture agreement with the State Oil Company of Azerbaijan (SOCAR) was signed in 2010 and is 51% owned by SOCAR and 49% owned by Cape.
Statoil has sold off a share in a number of its Shah Deniz assets to the Malaysian oil and gas company PETRONAS for $2.25billion. The assets include a 15.5% share in the South Caucasus Pipeline Company (SCPC) and a 12.4% share in the Azerbaijan Gas Supply Company (AGSC).