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Last updated on April 21, 2014 at 5:21 EDT

Latest South Caucasus Pipeline 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...

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...

2008-10-11 06:00:21

Text of report in English by Turkish privately-owned, mass- circulation daily Hurriyet website on 11 October The European Union said Turkey should waste no more time and negotiate seriously over the Nabucco gas pipeline while the US reiterated its support on the 12bn US dollars billion project. The project is designed to bring central Asian gas to Europe via Turkey, Bulgaria, Romania and Hungary. Supporters say it is vital to wean the region from over-dependence on Russian energy. "I...

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 03:00:24

By Roberts, John Europe needs oil and gas from the South Caucasus and the Caspian. So while the conflict between Georgia and Russia might appear to be mainly about territory, the biggest practical effects are being felt in energy supply. None of the solutions is especially appetising. a FEW DAYS AFTER THE END OF THE GEORGIAN WAR, MAJOR flows resumed through the twin arteries than carry Azerbaijani oil and gas to Europe: the $4 billion Baku-Tbilisi-Ceyhan (BTC) oil pipeline and the $1...

2008-09-25 03:00:27

By Tippee, Bob As Arab oil exporters learned after their targeted embargo of 1973-74, energy has its drawbacks as a tool of foreign policy. The US must take that point now as it reacts to Russia's bloody bullying of Georgia. No one should forget the maneuvering behind the Baku-Tbilisi- Ceyhan (BTC) oil pipeline and South Caucasus gas line, which parallels BTC as far west as Erzurum, Turkey. The BTC route was not the most economical outlet for Caspian production. But it had a...

2008-09-25 03:00:26

By Watkins, Eric BP PLC has restored exports of natural gas from Azerbaijan into the South Caucasus Pipeline (SCP), but said the 150,000-b/d Western Route Export Pipeline (WREP) remains shut, as does the 1 million b/ d capacity Baku-Tbilisi-Ceyhan (BTC) oil pipeline. "We hope to restart the pipelines as soon as the situation becomes safe," said a BP spokesperson, who declined to predict when that would be. The announcement coincided with reports that Russia, amid accusations that it...

2008-09-09 12:00:35

Text of report in English by Turkish semi-official news agency Anatolia BAKU (A.A) -09.09.2008 -Turkey invited on Tuesday Azerbaijan and Turkmenistan to make joint energy investments. Turkey's Energy & Natural Resources Minister Hilmi Guler called on Azerbaijan and Turkmenistan to cooperate with Turkey in energy projects in the Black Sea. "We will start drilling the Black Sea in 2009, and I am inviting you to cooperate with us in this drilling project," Guler said during a conference...