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BP could sell some oil projects to meet climate targets
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Uzbekistan Owes LUKoil $ 600 Million for Gas

Uzbekistan owes LUKoil about $600 million in gas supplies in 2018, while under a debt restructuring agreement, the Russian company pledged to supply gas to…

SOCAR AQS Sponsored and Participated in the Career Week

SOCAR AQS Sponsored and Participated in the Career Fair within Career Week event at ADA University February 27 – March 1, 2019 – SOCAR AQS…

Epsilon Plans to Invest $2 Bn in Gas Exploration in Uzbekistan

The US investment company Epsilon Development Company plans to invest more than $ 2 billion in the development of five large investment blocks with gas…

SOCAR Preparing to Enter Bulgarian Gas Market

SOCAR Balkans (Balkan subsidiary of SOCAR) will prepare a model for doing business in Bulgaria, the head of the company Murad Heydarov said. “Each market…

ExxonMobil Discovered Gas Field on Cyprus Shelf

American ExxonMobil has discovered new natural gas reserves on the Cyprus shelf, the company said yesterday. Gas deposits have been discovered near the Glaucus-1 well,…

Azerbaijan Increased Gas Exports to Turkey by 15% in 2018

Azerbaijan exported 7,521.15 million cubic meters (mcm) of gas from the Shah Deniz field to Turkey in 2018, which is 14.9% higher than in 2017,…

U.S. Oil Imports at 23-Year-Low, Output Hits Another Record

Weekly crude imports fell 1.61 million barrels a day to 5.92 million, the lowest level since 1996. The U.S. imported the least amount of crude…

Kazakh specialists to participate in drilling at jackup rig transferred to Azerbaijan

Kazakh specialists will participate in drilling as well as provide technical support during the operation of the jackup floating drilling rig transferred in trust to…

Gazprom Announces Increase in Share of Russian Gas in EU Market

In 2018, Gazprom increased its share in the EU gas market to 36.7% from 34.2% in 2017. This statement was made by Gazprom Export Director…

Sumgayit Technopark and British Company Agree on Cooperation in Oil, Gas

Sumgayit Technopark (STP) and the British company Weir Group agreed on the development of cooperation in the oil and gas sector in Azerbaijan and in…

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