EnerMech lands £107m worth of new contracts in Africa, Middle East and Caspian
EnerMech is today announcing new contracts worth a total of more than £107 million for work in Africa, the Middle East and Caspian region.
Caspian
EnerMech lands $3 million deals to support majors in Azerbaijan
Aberdeen-headquartered energy services group EnerMech has landed two contracts in Azerbaijan supporting major projects in the Caspian.
Petrofac Socar JV wins $25million contract with BP in Azerbaijan
Petrofac, in its joint venture with the State Oil Company of the Republic of Azerbaijan (SOCAR), has landed a $25million contract with BP in the Caspian.
Aberdeen-based OEG Offshore enjoying growth in the Caspian
Offshore container and module manufacturer OEG Offshore, of Aberdeen, said yesterday it was enjoying further growth in the Caspian region.
BP gives go-ahead for £4.6bn Caspian project
BP and partners have sanctioned the Azeri Central East (ACE) project in the Azerbaijan sector of the Caspian Sea.
KCA Deutag joint venture wins £382.2m BP contract
Turan Drilling & Engineering, a joint venture from Aberdeen-based KCA Deutag, has won a £382.5million contract with BP.
Is BP sitting on another huge Caspian gas field?
BP Plc and its partners just spent $28 billion bringing a giant natural gas project in Azerbaijan online, and that may only be the start.
BP’s second Shah Deniz 2 platform installed offshore
BP said today that the second topsides unit for its Shah Deniz Stage 2 project has been installed in the Caspian Sea.
Five offshore workers injured in Caspian Sea crash
Five offshore workers in Azerbaijan have been injured following after a seismic vessel crashed into a platform in the Caspian Sea.
Shah Deniz gas project gets $500m loan
The Asian Development Bank (ADB) will provide a $500million loan to support the Shah Deniz 2 gas project in the Caspian Sea, the Azeri finance ministry said.
EnerMech nets £40m worth of Caspian deals
Engineering services firm EnerMech said today that it had won £40million worth of contracts in the Caspian region.
Aberdeen firm EnerMech announces £85m of new work
Aberdeen oil and gas engineering firm EnerMech said yesterday its cranes and lifting division had enjoyed an £85million boost from contract wins, extensions and renewals.
Putin launches commercial production from Lukoil Caspian Sea field
Lukoil said commercial production has started at the Vladimir Filanovsky field in the Caspian Sea.
Azeri platform on fire
An offshore oil platform has caught fire and had to be evacuated.
Tethys Petroleum replaces CFO, closes offices
Tethys Petroleum has parted company with chief financial officer Denise Lay, who has been made redundant following her decision not to relocate from the Caspian-focused firm's former head office in Guernsey.
Nostrum blames unrealistic expectations for protacted Tethys acquisition
Nostrum Oil has blamed unrealistic expectations by the board of the Tethys Petroleum for the failure so far of a deal to acquire the Caspian-focused oil company.
Nostrum profits nosedive on back of oil slump
Reduced production and a tumbling oil price have hit Nostrum Oil and Gas profits in the first half of 2015.
Lukoil sells stake in Caspian to Sinopec for $1billion
Russian producer Lukoil has sold its 50% share in Caspian Investments Resources to China's Sinopec for $1.08billion.
Tethys loss spikes in second quarter
A strong gas performance and focus on cutting costs delivered encouraging second quarter performance for Tethys Petroleum, the Caspian focused producer said, despite reporting a spiked loss.
Lukoil hits five million tonnes of oil from Caspian field
Russian producer Lukoil has passed the five million tonnes (38.6 million barrels) mark in oil production at the Yuri Korchagin field in the Caspian Sea.
BP’s latest battle: Keeping control of prize Caspian oil field
BP Plc has no shortage of challenges: adapting to lower oil prices, dealing with the legal fallout from 2010’s Gulf of Mexico spill and managing the largest foreign investment in Russia. Chief Executive Officer Bob Dudley can add another to the list: extending an agreement with Azerbaijan to manage the country’s largest oil project, fields accounting for about 4 percent of the London-based company’s global production. Dubbed the “contract of the century,” BP signed a deal to develop the fields in 1994 as an independent Azerbaijan emerged for the chaotic collapse of the Soviet Union.