Oil giant BP plc’s BP operated Shah Deniz project has received its modern subsea construction vessel – Khankendi. The cost of the vessel is $378 million. The new flagship vessel, Khankendi, has been ...

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Infrastructure under consideration includes a new, 690-km pipeline through Azerbaijan and Georgia to the Turkish border and an offshore platform in the Caspian Sea. The Turkish government also is ...

OSLO (Reuters) - Statoil (STL.OL) exited Azerbaijan's Shah Deniz gas project on Monday, selling a 15.5-percent stake to Malaysia's Petronas [PETRA.UL] for $2.25 billion (1.39 billion pounds) as part ...

PJSC LUKOIL agreed to acquire a 15.5% interest in the Shah Deniz natural gas project in the Azerbaijan sector of the Caspian Sea from Petronas in a deal valued at $2.25 billion. Following completion ...

BP Exploration (Shah Deniz) Ltd. has let an optimization stage engineering services contract to SOCAR-KBR for the Shah Deniz compression project in the Azerbaijan sector of the Caspian Sea. The ...

BP (NYSE:BP) said Tuesday the Shah Deniz consortium took a final investment decision to spend $2.9B to advance the new Shah Deniz Compression project, the next stage of development of the giant Shah ...

Turkish and Azeri officials met for discussions on December 15th concerning a project to deliver natural gas from the Shahk Deniz fields in Azerbaijan to Turkey. The talks in Ankara are scheduled to ...