BP has announced the signing of a new contract for the operation and maintenance of the subsea construction vessel "Khankendi" to support operations in the Caspian Sea.
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From January to June of this year, Azerbaijan exported 6.4 billion cubic meters of natural gas to Europe, which is 0.7 billion cubic meters or 12.3% more than the same period in 2023.
The State Oil Company of Azerbaijan Republic (SOCAR) has begun supplying natural gas to industrial companies in Bulgaria through Bulgarian gas distributor M-Gaz.
As the transit agreement between Russia and Ukraine nears its expiration in the end of December 2024, Eastern European nations, notably Slovakia and Hungary, are exploring alternatives to the current Russian gas transit route.
Baker Hughes Company received an award from the State Oil Company of Azerbaijan Republic (“SOCAR”) to implement its cutting-edge electric submersible pump (“ESP”) technology and the Leucipa automated field production software solution in Azerbaijan’s oilfields.
Two agreements signed at the end of May advanced Azerbaijan’s efforts to establish itself as a key energy provider in Southeast Europe, going beyond its role as a producer of hydrocarbons to enter the electricity markets in the region as well.
The potential transit of Azerbaijani gas to Ukraine remains a focal point of the expert community, with more questions than answers. How, physically, and through which pipelines will Azerbaijani gas be delivered to Ukraine?
European officials have proposed a scheme to Azerbaijan to transport gas through a pipeline that currently carries Russian fuel to the EU via Ukraine.
Azerbaijan and Uzbekistan plan to jointly extract and export gas. The parties are negotiating an agreement under which the state company "Uzbekneftegaz" will join the "Shah Deniz" project, implemented by Azerbaijan's SOCAR.
Months after UN-led climate talks, the demand for natural gas from the host of this year’s COP29 is growing in Europe and elsewhere.
Hungary has reached an agreement on acquiring a stake in Azerbaijan's Shah Deniz gas field, Minister of Foreign Affairs and Trade Péter Szijjártó said in Baku on Wednesday, according to a report by state news wire MTI.
Acwa Power, a company from Saudi Arabia, will invest approximately $5 billion in Azerbaijan.
Turkmenistan could soon begin exporting natural gas to Türkiye and then Europe via the expanded Trans Anatolian Natural Gas Pipeline Project (TANAP), Türkiye’s President Recep Tayyip Erdogan was quoted as saying on Tuesday.
President Ilham Aliyev is attending opening of 29th Caspian Oil & Gas and 12th Caspian Power exhibitions as part of Baku Energy Week.
Azerbaijan and Kazakhstan are discussing the use of the Baku-Supsa pipeline to carry Kazakh crude, media reported, citing a statement by the Kazakh embassy in Baku.
Today in Baku, the Baku Energy Week (BEW) kicks off, running from June 4 to 6. The event brings together three prestigious events: the 29th Caspian Oil & Gas Exhibition, the 12th Caspian International Power and Green Energy Exhibition, and the 29th Baku Energy Forum.
Uzbek energy firm Uzbekneftegaz is in talks with Azerbaijan's SOCAR over joining a project to develop Shah Deniz, the largest gas field in the Azerbaijani section of the Caspian Sea, an Uzbek official said on Tuesday.
In the wake of the BOTAŞ-ExxonMobil liquefied natural gas (LNG) deal, Türkiye has taken steps to strengthen its energy bonds with the United States (U.S.) and Azerbaijan in a bid to fortify not just its own but also Europe’s energy security.
Cumulative gas supplies from Azerbaijan to Europe have exceeded 35 billion cubic meters.
An agreement has been reached on the transportation of natural gas from Turkmenistan to Türkiye through Azerbaijan and Georgia, Energy and Natural Resources Minister Alparslan Bayraktar said on Tuesday.
UK-headquartered energy giant BP has wrapped up planned maintenance works at one of the platforms at its giant oilfield in the Caspian Sea off the coast of Azerbaijan earlier than expected, thus, the oil production has been restored.
The energy ministries of Kazakhstan, Azerbaijan, and Uzbekistan have signed a historic memorandum at the Tashkent International Investment Forum on May 1, initiating cooperation on interconnecting their energy systems and laying the groundwork for a transcontinental energy corridor to Europe.
Ministers from Kazakhstan, Azerbaijan and Uzbekistan have agreed to connect their energy systems. They will lay an energy cable along the bottom of the Caspian Sea to facilitate the sale of green energy to Europe.
Azerbaijan maintains close relations both with Turkey and Israel, and is a major customer of Israel Aerospace Industries.