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Last updated on April 19, 2014 at 13:20 EDT

Latest Shah Deniz gas field Stories

2014-04-14 12:23:53

THE WOODLANDS, Texas, April 14, 2014 /PRNewswire/ -- CB&I (NYSE: CBI) today announced it has been awarded a contract valued in excess of $85 million by a consortium led by BP for engineering and project management services for the development of the South Caucasus Pipeline Expansion (SCPX) project, part of the Stage 2 development of the Shah Deniz field located in the Azerbaijan sector of the Caspian Sea. The South Caucasus Pipeline is a pipeline that transports gas from the Shah...

2014-04-14 12:23:51

HOUSTON, April 14, 2014 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from BP to supply subsea systems for its Shah Deniz Stage 2 project in the Caspian Sea. The order has an estimated value of $322 million in revenue. FMC Technologies' scope of supply includes subsea manifolds, associated controls and connection equipment as well as key controls and connection components for subsea production trees. The Shah Deniz field is located...

2013-12-17 12:21:24

Southern Gas Corridor Closer to Realization WASHINGTON, Dec. 17, 2013 /PRNewswire-USNewswire/ -- Top Azerbaijani, EU and US officials and members of the Shah Deniz consortium gathered in Baku on Tuesday to celebrate a major milestone in the development of a new energy corridor that will connect Caspian natural gas to Europe and provide much-needed energy diversity to the region. Officials marked the signing of the Final Investment Decision (FID) agreements of the Shah Deniz phase...

2013-06-28 08:21:24

Route Selection an Important Step toward Greater Energy Security WASHINGTON, June 28, 2013 /PRNewswire-USNewswire/ -- Azerbaijan welcomes today's announcement by the Shah Deniz consortium to select the Trans Adriatic Pipeline (TAP) to transport Azerbaijani natural gas from the Trans-Anatolian pipeline (TANAP) into Europe. Azerbaijan has long advocated for diverse and competitive markets to ensure energy security in Europe and the region, and this decision is an important step toward...

2012-04-23 22:21:00

LONDON, April 24, 2012 /PRNewswire/ -- SOCAR announced last week that by the end of 2012, it will have signed a deal with BP for production-sharing on the second Azeri-Chirag-Guneshli field, which draws from the country's vast gas reserves. The developments with this and other major projects in the region will have a significant impact on gas supplies to Europe and Asia, so this deal is one of the many positive steps towards ensuring Caspian gas supplies will flow...

2012-04-19 02:36:29

CHICAGO, April 19, 2012 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include IBM (NYSE: IBM), Eaton (NYSE: ETN), Caterpillar (NYSE: CAT), BP Plc (NYSE: BP) and ExxonMobil Corporation (NYSE: XOM). (Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO) Get the most recent insight from Zacks...

2009-07-13 08:53:01

Russia's hold on the European natural gas market is being challenged by a consortium of interests intent on building a pipeline from Turkey to central Europe. Officials from six countries are meeting in Turkey to sign an agreement to construct a pipeline that would run from Turkey to Austria, crossing through Bulgaria, Romania and Hungary, CNN reported Monday. The $11 billion project called Nabucco has U.S. support and would challenge the proposed South Stream pipeline Russia intends to build...

2008-10-10 03:00:29

By Share, Jeff Executive Profile As the world anxiously watches Russian bombs rain their death and destruction over neighboring Georgia, one bears in mind that energy pipelines are one of the key issues that is causing increased tensions between Russia, Georgia and several of its other Caspian neighbors in recent years. As of this writing (Aug. 13), Russia has reportedly stopped its assault short of destroying its pro-West neighbor and Georgia's vital Baku-Ceyhan crude oil pipeline. That...

2008-10-08 09:00:42

Nabucco faces many difficulties, most significantly soaring construction costs and sourcing the gas. However, the EU ETS has the potential to make the project economically viable. Furthermore, Turkmenistan is showing signs of commitment to supply the pipeline, and although improved Western-Iranian relations are not on the horizon, Iran should be considered a viable supply solution in the long run. French utility GDF-Suez has reiterated its interest in following in the footsteps of German...

2008-08-04 09:00:55

Text of article headlined: "Iran ready to buy part of Shah Deniz gas field from Azerbaijan" published by Iranian newspaper Jomhuri- Ye Eslami, on 2 Aug Tehran, 2 Aug: During some discussions with Azerbaijan, the oil minister [Gholamhoseyn Nowzari] said that we have announced our readiness to buy a section of Shah Deniz field's natural gas. He said: A while ago, during a meeting that was held in the Oil and Gas Company of the Republic of Azerbaijan, some discussions were made regarding the...