Ashgabat and Baku stand for diversification of energy supplies to the European market
Turkmenistan and Azerbaijan are in favor of a diversified scheme of energy supplies to international markets, in particular in the European direction, said the chairman…
Turkmenneft and Dragon Oil signed an exploration contract in the Caspian Sea
The Turkmenneft State Concern and Dragon Oil signed today an agreement on cooperation on a project to develop a site in the Turkmen sector of…
The 6th Summit of the Heads of the Caspian States starts in Ashgabat today
Today, the Sixth summit of the heads of the Caspian states will be held in the capital of Turkmenistan. This event will be the first…
Reserves of the Caspian field LUKoil may amount to 140-150 mln tons
The hydrocarbon reserves of the new gas condensate field discovered by Lukoil in the Caspian Sea within the geological structure Titonskaya can amount to 140-150 million tons…
Azerbaijani drilling rig can be used on Kazakhstan shelf
Drilling of the first well under the Zhenis offshore project, in which the oil company LUKOIL is involved, is planned for the second half of…
SOCAR releases statement about fire in Caspian Sea
Information about the fire in the Caspian Sea on July 4 quickly spread on social networks. According to the report, relatives of people working at…
Putin announced plans to expand activities in the Caspian region
Russia is implementing large energy projects in the Caspian region, there are also plans to expand economic activity, Russian President Vladimir Putin said at a…
KMG on drilling works carried out by Kazakhstan’s jack-up rig in Azerbaijani sector of Caspian Sea
The modification of the jack-up floating drilling rig “Satti”, which will be used in the shallow waters of the Absheron archipelago, is nearing completion, Report…
What Will Happen to Russian Oil, Gas Projects on Shelf
Falling oil prices below $ 30, contrary to many idle talks, has not canceled Russia’s offshore oil and gas projects, both current and prospective. But…
Gas Production at Umid Field to Exceed 960 MCM in 2020 – SOCAR
Gas production from the Umid field in the Azerbaijani sector of the Caspian Sea in 2020 will exceed 960 mcm, SOCAR’s representative Ibrahim Ahmedov said….
Caspian countries change principle of controlling ships
The Caspian littoral states have made a decision to establish a unified regime for the state control of ships in ports by analogy with the…
Eni and KMG complete transfer of subsoil use rights of Isatay block
The Ministry of Energy of the Republic of Kazakhstan, Eni and KazMunaiGas (KMG) signed yesterday the agreement to transfer to Eni 50% of the subsoil…
Ashgabat and Tashkent Agree on Joint Production in Caspian Sea
Turkmenistan and Uzbekistan will jointly develop hydrocarbon deposits in the Caspian. According to Natural Gas World with reference to the resource Gazeta.uz, the Memorandum of Understanding…
Caspian Collapse: Cargo Turnover of Russian Ports Plummeted
According to the Association of Russian Sea Ports, during the first four months of 2017 the volume of cargo transshipment in the Caspian Sea ports…