(IN BRIEF) bp has entered a production sharing agreement covering six exploration blocks in Uzbekistan’s North Ustyurt region, marking the company’s first upstream project in the country. The agreement expands bp’s exploration portfolio and strengthens cooperation with SOCAR and Uzbekneftegaz. … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, United Kingdom
Tagged Abdugani Sanginov, Azerbaijan, BP, bp Acquires 40 Percent Stake in North Ustyurt Production Sharing Agreement in Uzbekistan, bp Joins SOCAR and Uzbekneftegaz in Offshore Exploration Partnership in Uzbekistan, Central Asia, energy cooperation, energy exploration, energy investment, energy sector development, frontier exploration, gas exploration, Gio Cristofoli, hydrocarbon resources, international energy companies, Jurabek Mirzamahmudov, natural gas, North Ustyurt, oil #exploration, oil and gas, production sharing agreement, PSA, regional energy partnership, Rovshan Najaf, seismic activities, SOCAR, Tashkent, upstream energy, Uzbekistan, Uzbekistan Strengthens International Energy Cooperation as bp Enters North Ustyurt PSA, Uzbekneftegaz
(IN BRIEF) MOL Group and SOCAR have signed key terms for an exploration, development, and production sharing agreement covering Azerbaijan’s Shamakhi-Gobustan regions, reinforcing their strategic energy partnership. MOL is expected to act as operator with a 65% share, while SOCAR … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Hungary, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Technology
Tagged ACG field, Azerbaijan, Baku Energy Forum, BTC pipeline, Central Europe energy, energy security, Hungarian-Azerbaijani relations, hydrocarbon development, INA Rijeka, MOL Group, MOL refineries, onshore oil exploration, partnership, production sharing agreement, Rovshan Najaf, Shamakhi-Gobustan, Slovnaft Bratislava, SOCAR, strategic partnership, sustainability, upstream oil, Zsolt Hernádi
(IN BRIEF) Equinor has signed an agreement to sell all its remaining assets in Azerbaijan to SOCAR (State Oil Company of Azerbaijan Republic). These assets include stakes in the Azeri Chirag Gunashli (ACG) oil fields, the Baku-Tbilisi-Ceyhan (BTC) pipeline, and … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Investment, Norway
Tagged ACG, Azerbaijan, Azeri Chirag Gunashli, Baku-Tbilisi-Ceyhan, BP, divestment, Equinor, oil fields, Philippe Mathieu, Rovshan Najaf, SOCAR
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