KEYFACT Energy
The Baku Finance Goal sets new global target to channel $1.3tn of climate finance to developin...
Latest News
News search results
MASDAR AND SOCAR GREEN ACHIEVE FINANCIAL CLOSE FOR AZERBAIJAN SOLAR PROJECTS
Financing secured for 445MWac Bilasuvar and 315MWac Neftchala solar projects Agreements with...
IRENA AND AZERBAIJAN UNVEIL RENEWABLE ENERGY PARTNERSHIP FOR CENTRAL ASIA
Accelerated Partnership for Renewable Energy in Central Asia (APRECA) leverages the region’...
COP29 FACES CLIMATE FINANCE CHALLENGE
Capital flows to lower-income countries are seen as essential for agreement on emissions reductio...
GL GROUP APPOINTS TWO SENIOR VICE-PRESIDENTS
GL Group have announced the appointment of two Senior Vice-Presidents: Gilbert Beuhler as Sen...
MOL SIGNS MAJOR AGREEMENT TO DEVELOP GAS RESERVES OF THE ACG FIELD
MOL Group and its Joint Venture (JV) partners signed commercial agreements for the developmen...
APOLLO PARTNERS WITH BP IN TRANS ADRIATIC PIPELINE
Apollo Funds to become a non-controlling shareholder in bp Pipelines TAP Limited, an entity wh...
ENI AND SOCAR SIGN ENERGY SECTOR AGREEMENTS
Eni and Azerbaijan’s state energy company SOCAR have today signed three Memorandums of Unde...
ENI CEO MEETS THE MINISTER OF ECONOMY OF THE REPUBLIC OF AZERBAIJAN
Eni CEO Claudio Descalzi and SOCAR (State Oil Company of Azerbaijan Republic) CEO Rovshan Najaf s...
SOUTHERN GAS CORRIDOR CJSC TO SELL A 5% STAKE IN THE SHAH DENIZ PSA
Southern Gas Corridor CJSC (“SGC”) has entered into a sale and purchase agreement wit...
COP29 JOINS IRENA TO TRACK UAE CONSENSUS ENERGY OUTCOMES SET AT COP28
Incoming COP29 Presidency to collaborate with Custodian Agency IRENA on report tracking progress ...
PROJECT DATABASE: OFFSHORE AZERI CHIRAG GUNASHLI (ACG) OILFIELD
In April 2019, partners in the offshore Azeri Chirag Gunashli (ACG) oilfield in the Caspian Sea m...
BP BEGINS OIL PRODUCTION FROM MAJOR NEW PLATFORM OFFSHORE AZERBAIJAN
Azeri Central East (ACE) platform is technologically and digitally the most advanced bp-operat...
WINDEUROPE AND AZERBAIJAN JOIN FORCES TO ACCELERATE WIND ENERGY
On 1 March WindEurope and the Azerbaijan Renewable Energy Agency signed a Memorandum of Understan...
EQUINOR SELLS ITS INTERESTS IN AZERBAIJAN TO SOCAR
The Deepwater Gunashli platform in the Caspian Sea. (Image: bp) Equinor and SOCAR (State O...
ACWA POWER, MASDAR AND SOCAR TARGET RENEWABLE ENERGY PROJECTS IN AZERBAIJAN
Two of the largest independent power producers in the region and an integrated national oil a...
MASDAR SIGNS 1GW CLEAN ENERGY AGREEMENT IN AZERBAIJAN
Masdar signs three investment agreements for two solar projects and one onshore wind project ...
TOTALENERGIES CELEBRATES INAUGURATION OF THE ABSHERON GAS FIELD
On the occasion of the inauguration ceremony of the Absheron gas field, whose first development p...
ADNOC TO ACQUIRE 30% EQUITY STAKE IN ABSHERON GAS FIELD
ADNOC to invest in Azerbaijan as it delivers on its strategic growth agenda and entr...
TOTALENERGIES BEGINS PRODUCTION IN THE ABSHERON GAS FIELD IN AZERBAIJAN
TotalEnergies and its partner SOCAR (State Oil Company of the Republic of Azerbaijan) announce th...
ENERMECH’S AZERBAIJAN PARTNERSHIP WITH OGP SECURES CONTRACTS WITH OPERATORS W...
A new joint venture (JV) between EnerMech and Oil & Gas Proserv (OGP), an affiliated company ...
SOCAR IS TO INCREASE ITS PARTICIPATION IN SHAH DENIZ AND SOUTH CAUCASUS PIPEL...
Following Petronas’s decision to sell its stakes in the production sharing agreement for th...
SOCAR REPORTS INCREASED OIL AND GAS PRODUCTION IN Q3 2021
SOCAR achieved growth in drilling and production in the third quarter of 2021. The company conduc...
LUKOIL INCREASES ITS SHARE IN THE SHAH DENIZ PROJECT IN THE CASPIAN SEA
LUKOIL has concluded an agreement on acquiring 15.5% interest in the Shah Deniz natural gas proje...
LUKOIL JOINS BP IN CASPIAN SEA EXPLORATION PROJECT
LUKOIL signed an agreement on acquiring a 25% participating interest in the Shallow Water Abs...
TRANSITION OF SCPC TECHNICAL OPERATORSHIP FROM BP TO SOCAR FINALIZED
The South Caucasus Pipeline Company (SCPC) announces that on 1 August 2021 the process of transit...
SOCAR AND TECHNIP ENERGIES ENTER AGREEMENT FOR OFFSHORE SUSTAINABLE ENERGY DE...
SOCAR and Technip Energies entered today a cooperation agreement to study sustainability meas...
SOCAR PETROFAC JV SECURES NEW CASPIAN CONTRACT
Petrofac, in a joint venture with the State Oil Company of the Republic of Azerbaijan (SOCAR)...
SOCAR-EQUINOR EXPLORATION PROJECT DELIVERS ENCOURAGING INITIAL RESULTS
On March 16, SOCAR President Rovnag Abdullayev met a delegation led by Al Cook, Executive Vice Pr...
SAFELIFT KICK START THE NEW YEAR BY WINNING ITS BIGGEST CONTRACT YET IN CASPI...
Safelift Offshore has hit the ground running in 2021, with the announcement of its biggest single...
CHAMPIONX INSPIRES AZERBAIJAN’S NEXT GENERATION OF CHEMICAL ENGINEERS
ChampionX has teamed up with the Azerbaijan Chemical Society (AzeCS) to provide a unique cert...
FIRST COMMERCIAL GAS DELIVERY TO EUROPE VIA SOUTHERN GAS CORRIDOR
Today, the last segment of the Southern Gas Corridor - Trans-Adriatic Gas Pipeline (TAP), started...
KBR JV ANNOUNCES SIGNIFICANT STEP IN FIRST DIGITALLY ENABLED OFFSHORE PLATFOR...
KBR announced today that its joint venture with SOCAR, who is undertaking the engineering design ...
ZENITH ENERGY EXITS AZERBAIJAN
Zenith Energy, the listed international oil & gas production company focused on pursuing Afri...
JDR SECURES PROJECT WIN IN AZERBAIJAN FOR BP
JDR, the global subsea cable supplier and servicer owned by the TFKable Group, has won a contract...
OIL AND GAS COMPANIES SIGN MOU ON CASPIAN ENVIRONMENTAL PROTECTION INITIATIVE...
Earlier this week, a Memorandum of Understanding on CEPI-Caspian Environmental Protection Initiat...
SOCAR PETROFAC JV SECURES PAYROLL SUPPORT AND TRAINING SERVICES CONTRACT WITH...
Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR...
SOCAR REPORTS 2019 RESULTS
Net profit AZN 651 million Non-current assets AZN 46,2 billion Cash and cash equivalents A...
ZENITH ENERGY EXITS AZERBAIJAN
Zenith Energy today announced that the handover process of the Contract Rehabilitation Area (&quo...
MOTIVE OFFSHORE ANNOUNCES MOU WITH ORCA OFFSHORE AZERBAIJAN
Leading marine equipment fabrication and rental specialist, Motive Offshore, continues to strengt...
SOUTH CAUCASUS PIPELINE TECHNICAL OPERATORSHIP TRANSFERS TO SOCAR
The South Caucasus Pipeline Company (SCPC) announces that as from 20 March 2020 technical operato...
AZERBAIJAN ANNOUNCES MAJOR OIL PRODUCTION ADJUSTMENTS
Azerbaijan's state oil company SOCAR announces major oil production adjustment plans for 2020...
SOCAR LAUNCHES DIGITAL FIELD PROJECT BASED ON SAP UFAM
SOCAR conducts the digital transformation of its oil and gas production. SAP UFAM (...
CHEVRON SELLS AZERBAIJAN ASSETS TO MOL
Chevron have sold their non-operating interests in the Azeri-Chirag-Deepwater Gunashli (ACG) oil ...
SOCAR, EQUINOR CONFIRM DISCOVERY OF KARABAGH OIL FIELD IN AZERBAIJAN
SOCAR and Norway’s Equinor have confirmed a discovery of Karabagh field located 120 kilomet...
WORLEY ANNOUNCES CHIRAG PLATFORM CONTRACT AWARD
Azerbaijan International Operating Co. (AIOC) has awarded Worley a contract for engineering, proc...
SOCAR-AQS AND HALLIBURTON TO PROVIDE BROAD SUITE OF OILFIELD PRODUCTS AND SER...
SOCAR-AQS and Halliburton Company today announced the companies have signed a Memorandum of Under...
BP REPORTS FIRST SHAFAG-ASIMAN EXPLORATION WELL SPUDDED OFFSHORE AZERBAIJAN
BP announced today that the first exploration well was spudded on the Shafag-Asiman offshore bloc...
SOCAR PETROFAC JV SECURES PROJECT MANAGEMENT SERVICES CONTRACT WITH BP
Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR...
MOL AQUIRES 9.57% STAKE IN AZERBAIJAN’S ACG OIL FIELD AND 8.9% IN THE BTC PIP...
MOL today signed an agreement with Chevron Global Ventures, Ltd and Chevron BTC Pipeline, Ltd to ...
SUBSEA 7 AWARDED CONTRACTS OFFSHORE AZERBAIJAN
Subsea 7 announced today the award of two contracts, together representing a sizeable(1) contract...
PETROFAC AND SOCAR JV SECURES ENGINEERING AND TECHNICAL SERVICES CONTRACT IN ...
Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR...
SOCAR REPORTS 25% INCREASE IN GAS PRODUCTION IN FIRST QUARTER OF 2019
SOCAR commissioned its highest-capacity well drilled at Umid field; it will produce 900 millio...
TURAN DRILLING AND ENGINEERING WINS $500 MILLION BP CONTRACT IN AZERBAIJAN
Turan Drilling & Engineering Company LLC (A KCA Deutag and SOCAR AQS Company), has been awar...
WEIR OIL & GAS SIGNS MOU WITH AZERBAIJAN STATE OIL AND INDUSTRY UNIVERSITY
Weir Oil & Gas announced the signing of a Memorandum of Understanding with Azerbaijan State O...
AZERBAIJAN AND ALGERIA TO DEVELOP COOPERATION ON HYDROCARBON PROJECTS, PETROC...
Baku and Algeria plan to sign a memorandum on cooperation in the oil and gas sector, the Azerbaij...
SOCAR-TOTAL JOINT VENTURE ANNOUNCES ITS LIQUIDATION
SOCAR Absheron, a joint venture of the Azerbaijani state-owned company SOCAR and Total, announces...
ALTRAD GROUP ANNOUNCES AZERBAIJAN CONTRACT AWARD
The Altrad Group is delighted to announce that SOCARCape, the joint venture between the State Oil...
MAJOR CONTRACT EXTENSION STRENGTHENS EXPRO’S POSITION IN AZERBAIJAN
Leading international oilfield services company, Expro, has strengthened the opening of its n...
INVESTMENTS INTO SOUTHERN GAS CORRIDOR EXCEED $30 BILLION
As of the beginning of October this year the volume of investments in the implementation of a lar...
WOOD AND NOBEL OIL ENTER INTO JOINT VENTURE AGREEMENT IN AZERBAIJAN
Wood and Nobel Oil have entered into a joint venture (JV) agreement to provide engineering and op...
SOCAR AQS AND KCA DEUTAG ANNOUNCE HISTORIC CASPIAN JOINT VENTURE
SOCAR AQS and KCA Deutag have reached an agreement to form a joint venture that will target exist...
SOCAR AQS AND KCA DEUTAG ANNOUNCE HISTORIC CASPIAN JOINT VENTURE
SOCAR AQS and KCA Deutag have reached an agreement to form a joint venture that will target exist...
BP ANNOUNCES THE START-UP OF SHAH DENIZ 2, AZERBAIJAN
BP and its partners announced the start-up of Shah Deniz 2 on 30th June 2018, including its f...
SOCAR AND BP SIGN NEW PRODUCTION SHARING AGREEMENT FOR AZERBAIJAN EXPLORATION
SOCAR and BP today signed a new production sharing agreement (PSA) for the joint exploration and ...
NOBEL UPSTREAM COMPLETES RISK SERVICE AGREEMENT WITH SOCAR ON THE UMID-BABEK ...
Nobel Upstream, an independent UK-based oil and gas exploration and production company has announ...
AZERBAIJAN GOVERNMENT AND CO-VENTURERS SIGN AMENDED AND RESTATED AZERI-CHIRAG...
The Azerbaijan government and the State Oil Company of the Republic of Azerbaijan (SOCAR), togeth...
NEW STATE-OF-THE-ART SUBSEA CONSTRUCTION VESSEL LAUNCHED IN BAKU TO SUPPORT S...
The Shah Deniz consortium announce the launch of the Khankendi - a new flagship vessel for the Ca...
SOCAR AND BP-OPERATED AIOC SIGN PRINCIPLES OF AGREEMENT ON FUTURE DEVELOPMENT...
SOCAR (the State Oil Company of the Republic of Azerbaijan) and AIOC (the Azerbaijan Internationa...