“At the end of the first half of 2017, the number of BP’s Azerbaijani national employees was 2,743 including fixed-term employees,” the company said in a press release. “85% of BP’s professional employees in Azerbaijan are nationals and many of them are in senior positions, including six ...

BP: Shah Deniz Stage 2 project over 95% complete

17.08.2017 [17:00]
“During the first half of 2017, implementation of the Shah Deniz Stage 2 project continued successfully. The project is now over 95% complete in terms of engineering, procurement and construction, and remains on target for first gas from Shah Deniz Stage 2 in 2018,” according to BP-Azerbaijan ...

Shah Deniz field produced 5.1 bcm of gas in first half of 2017

17.08.2017 [16:33]
“In the first half of 2017, the Shah Deniz field continued to provide deliveries of gas to markets in Azerbaijan (to SOCAR), Georgia (to GOGC), Turkey (to BOTAS) and to BTC Company in multiple locations. During the two quarters, the field produced about 5.1 billion standard cubic metres (bcm) of gas and 1.2 million tonnes ...

“TAP among major milestones in Fluxys company’s growth”

16.08.2017 [20:52]
The Trans Adriatic Pipeline (TAP), will be one of the major milestones in Fluxys Belgium’s growth, said Pascal de Buck, CEO of Fluxys, TAP shareholder. He pointed out that the pipeline’s commissioning is planned for 2020 as before ...

TAP positively influences Albania’s construction sector

15.08.2017 [11:17]
The continuation of the project for construction of the Trans Adriatic Pipeline (TAP), which envisages delivery of Azerbaijani gas to Europe, has had a positive effect on Albania’s construction sector, according to the data released by the Bank of Albania ...

Azeri Light crude sells for $53.80

15.08.2017 [10:54]
Oil prices have risen on the world markets. The price of a barrel of Azeri Light crude oil increased $0.50 to stand at $53.80. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.02 to stand at $47.60. Price of the Brent ...

Oil prices decrease on world markets

14.08.2017 [21:32]
Oil prices have fallen on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.04 to stand at $48.78. Price of the Brent crude oil at the London ICE (Intercontinental Exchange Futures) fell ...

Oil prices rise on world markets

12.08.2017 [11:33]
Oil prices have risen on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.23 to stand at $48.82. Price of the Brent ...

Azerbaijan exported 3.8b cm of gas in seven months of this year

11.08.2017 [20:56]
Azerbaijan exported 3,831,705,000 cubic meters of gas in January-July of this year, according to the State Customs Committee. Official figures suggest that the total value of the exported oil made $669,181,000. ...

Azeri Light crude sells for $54.12

11.08.2017 [11:02]
The price of a barrel of Azeri Light crude oil increased $0.42 to stand at $54.12. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.34 to stand at $48.25. Price of the ...

Azeri Light oil price falls on world markets

10.08.2017 [15:56]
The price of a barrel of Azeri Light crude oil decreased $0.24 to stand at $53.70. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.06 to stand at $49.62. Price of the Brent ...

SPE Annual Caspian Technical Conference and Exhibition to be held in Baku

09.08.2017 [20:58]
SPE’s 4th annual Caspian Technical Conference and Exhibition will return to Baku, Azerbaijan 1-3 November 2017. This year's theme "Chasing the Margins," will focus on the current market conditions facing the oil and gas industry, both globally and on a ...

Third of TAP's Greece and Albania routes cleared

09.08.2017 [19:14]
More than 500 kilometers out of 765 kilometers of the Trans Adriatic Pipeline’s (TAP) route has been cleared in Greece and Albania, which is 2/3 of the pipeline’s length in those two countries, TAP AG consortium said. ...

Azeri Light crude sells for $53.94

09.08.2017 [15:41]
The price of a barrel of Azeri Light crude oil increased $0.86 to stand at $53.94. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.20 to stand at $48.97. Price of the Brent crude oil at the London ICE (Intercontinental Exchange Futures) fell $0.25 to trade at $51.89. ...

BP to implement 28 more social projects in Azerbaijan

09.08.2017 [12:26]
"BP will implement 28 more social projects in Azerbaijan," BP Vice President for Communications, External Affairs and Strategy Bakhtiyar Aslanbayli said. He noted that the company will continue to implement educational, social and other projects targeted at local communities in ...

Oil prices decrease on world markets

08.08.2017 [21:49]
Oil prices have fallen on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.12 to stand at $49.27. Price of the Brent crude oil at the London ICE (Intercontinental Exchange Futures) fell $0.13 to trade at $52.24 ...

Spain’s Enagás spends 84,8 million euros for TAP project in the first half of 2017

07.08.2017 [11:27]
The volume of investments made in the Trans Adriatic Pipeline (TAP) project by Spain’s Enagas company, one of the project’s shareholders, stood at 84.8 million euros in the first half of 2017, according to the company’s report ...

Oil price decreases on world markets

07.08.2017 [11:09]
Oil prices have fallen on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.17 to stand at $49.41. Price of the Brent ...

Oil prices rise on world markets

05.08.2017 [17:15]
Oil prices have risen on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.55 to stand at $49.58. Price of the Brent crude oil at the London ICE (Intercontinental Exchange Futures) rose ...