Russia & FSU
News
July 01, 2024
NC JSC QazaqGaz (QazaqGaz) and Chevron Corporation, through its subsidiary Chevron Munaigas Inc., have signed a cooperation agreement which will entail potential geological exploration at the Zhalibek site in the Aktobe region, near the Zhanazhol and Urikhtau fields.
News
June 18, 2024
This five-year agreement covers a comprehensive range of services, from consulting and concept to detailed engineering, aimed at optimizing and expanding the existing facilities and infrastructure of one of the largest oil and gas condensate fields in the world.
News
June 07, 2024
Azerbaijan, which has the presidency of the 29th United Nations’ Conference of the Parties, exported almost 24 Bcm of natural gas in 2023 with half of the volumes going to Europe, according to Energy Ministry data.
News
April 26, 2024
Azerbaijan, host of this year’s COP29 climate summit, will continue to invest in increasing natural gas production in order to feed demand from Europe as its president said that its abundant oil and gas resources were a “gift from God.”
News
April 25, 2024
The final phase of TCO’s expansion project, FGP, is on track to conclude in the first half of 2025. This will enable TCO to expand Tengiz crude oil production by an incremental 12 MMtpa (260,000 bpd).
News
April 18, 2024
ABL’s scope of work includes the T&I of the shallow water platform, subsea installation at both fields including a 160 km subsea pipeline from the said platform to the shore.
News
April 16, 2024
The ACE platform is the seventh oil-production platform installed on the giant ACG field in the Caspian Sea. ACG first began production in 1997 and has since produced over 4.3 Bbbl of oil. The bp-operated Shah Deniz gas field has two further platforms in the Caspian.
News
April 04, 2024
Johnson, speaking in an Easter interview on Fox News Sunday, hinted that he planned to bring a Ukraine aid package that could include language reversing the permitting pause to the floor after the House returns from its spring recess April 9.
News
March 14, 2024
The expansion of the Tengizchevroil venture, known as the Future Growth Project, has delayed its full startup into the second quarter of next year. The project has gone well beyond its initial budget of $37 billion and the completion date had already been rescheduled twice from the original plan of mid-2022.
News
March 08, 2024
Located near Yoloten (Mary Province, Turkmenistan), the facilities Petrofac will now support have an equal capacity of 10 Bcm, which delivers 20 Bcm to the export pipeline. The gas field ensures revenue for Turkmenistan’s economy, as well as domestic energy supply.
News
February 20, 2024
Earlier this year, Romania's largest oil and gas company and Oil Dynamics GmbH signed two additional five-year supply and service contracts for over 180 Electric Submersible Pumps (ESP) to Romania
News
February 11, 2024
Block Energy plc, a development and production company in Georgia, announced an Independent Engineering Report indicating over 1 Tct of 2C contingent natural gas resources in the Patardzueli and Samgori fields in license XIB with a Net Present Value of more than $500 million.
News
January 14, 2024
One of the birth places of the oil industry, Azerbaijan was chosen to host COP29 this year. The Caspian Sea nation is the third oil and gas exporter in a row to host the talks after the United Arab Emirates last year and Egypt in 2022.
News
January 10, 2024
Russia’s crude output in December was almost 60,000 bpd lower than the prior month and some 375,000 bpd below the February baseline for its production curbs. Russia has pledged to reduce its crude output by 500,000 bpd until the end of this year.
