BP and partners to invest $6bn in Azeri oil project

The new development is designed to process up to 100,000 barrels of oil per day

Oil rig hovercraft deal gets off the ground

A Southampton-based hovercraft manufacturer has signed a deal to clear oil spills and support offshore rigs in Kazakhstan. Griffon Hoverwork has initially agreed to conduct a study into the role its hovercraft could play in the Caspian Sea – the project could potentially create more than 70 new jobs and generate more than £100 million […]

UK energy services firm wins £36m Azerbaijan contract

Aberdeen-based energy services company Wood Group has bagged a £36 million contract with BP in Azerbaijan. The deal will cover engineering and project management services for the Shah Deniz gas field in the South Caspian Sea off the coast of Azerbaijan. Last year a group of companies led by BP signed a multi-billion dollar deal […]

BP extracts first oil from platform in Caspian Sea

First oil has been extracted from an offshore platform operated by BP in the Caspian Sea. The West Chirag platform (pictured) is part of the Azeri-Chirag-Gunashli (ACG) field – which has produced more than 2.3 billion barrels of oil so far – and the overall Chirag Oil Project (COP). The oil capacity of the new […]

BP strikes 'biggest' gas deals in Caspian Sea

Energy giant BP and its partners have signed a long-term agreement to supply 10 billion cubic metres of gas a year (bcma) from a field in the Caspian Sea. Located offshore Azerbaijan, the Shah Deniz gas field’s (pictured, during construction) shareholders include the country’s state-owned SOCAR, France’s Total and Norway’s Statoil. They are working on […]