BP sells $1 billion stake in pipeline to Apollo
UK energy major BP (LON: BP) had sold a share in a key Caspian pipeline to US investors Apollo (NYSE: APO) in a deal raising $1billion (£760m).
Shah Deniz
Azeri plan to double gas exports to EU at risk as talks stall
Azerbaijan may not be able to deliver on ambitions to double natural gas exports to Europe by 2027, having failed to secure long-term sales deals it needs before investing billions of dollars to boost production, according to two people with knowledge of the matter.
BP, SOCAR target Petronas’ stake in Shah Deniz
BP and Azerbaijan’s state-owned SOCAR have pre-empted a sale of equity in the Shah Deniz field to Russia’s Lukoil.
BP kicks off production from new phase of Shah Deniz gas field
BP has commenced production from a new section of its huge Shah Deniz gas field.
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.
Shah Deniz celebrates 100 billion cubic metres of total gas production
Twelve years on from start-up, BP has pumped 100 billion cubic metres of gas from Shah Deniz.
VIDEO: BP starts up Shah Deniz 2
BP said today that the $28 billion Shah Deniz 2 gas development in Azerbaijan has commenced production.
BP load out Shah Deniz Bravo platform jacket
BP has published a picture of the Shah Deniz Bravo platform jacket being loaded out.
BP ‘firing on all cylinders’, CEO Dudley says at AGM
BP chief executive Bob Dudley said the UK energy major was “firing on all cylinders” at its annual general meeting in Manchester yesterday.
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.
Video: BP launches jacket for Shah Deniz 2 platform
BP has revealed footage for the sail away of the Shah Deniz 2 jacket. The video shows the latest development for the offshore installation in the Caspian Sea. The sail away was held from the Heydar Aliyev Baku deepwater jackets factory.
Saipem wins TAP contract
Saipem has been awarded a contract to design and build the offshore section of the Trans Atlantic Pipeline (TAP).
Statoil to sell TAP pipeline stake to Snam
Statoil has agreed to sell its 20% stake in the Trans Adriatic Pipeline to Italian gas infrastructure firm Snam for EUR208million.
DNV GL awarded contract to support BP’s Shah Deniz project
DNV GL will support BP in assuring the huge Shah Deniz Stage 2 project equipment transportation and installations are conducted to recognised guidelines, standards and internal requirements.
Maersk Drilling wins $523million extension on the Shah Deniz field
Maersk Drilling has won a $523million contract extension with oil major BP for the use of a drilling rig on the Shah Deniz field. The company said the move is a continuation of an existing agreement which was set to expire in May 2016.
Statoil completes sale of assets in Shah Deniz to Petronas
Statoil has completed the sale of its share in the Shah Deniz production sharing agreement to Petronas. The Norwegian company sold off its 15.5% participating interest in Shah Deniz, 15.5% share in the South Caucasus Pipeline Company, 15.5% share in the SCPC holding company and 12.4% share in the Azerbaijan Gas Supply Company (AGSC).