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bp and SOCAR sign MOU on two blocks in Caspian Sea

Thursday, September 26 2024

Fossil Energy – Azerbaijan

On September 20 bp and SOCAR (The State Oil Company of Azerbaijan Republic) signed a memorandum of understanding (MOU) in Baku announcing bp’s intention to join agreements on two exploration and development blocks in the Azerbaijan sector of the Caspian Sea.

[Read more…] about bp and SOCAR sign MOU on two blocks in Caspian Sea

Filed Under: Azerbaijan, BP, Caspian Sea, Development, Exploration, International projects, SOCAR Tagged With: Azerbaijan, BP, Caspian Sea, Development, exploration block, MOU, Socar

Equinor sells its interests in Azerbaijan

Saturday, December 23 2023

Fossil Energy – Azerbaijan

Equinor and SOCAR (State Oil Company of Azerbaijan Republic) have signed an agreement whereby Equinor will divest all its remaining assets in Azerbaijan to SOCAR.

[Read more…] about Equinor sells its interests in Azerbaijan

Filed Under: Azerbaijan, divestment, Equinor, International News, Oil and Gas, SOCAR Tagged With: Azerbaijan, divestment, Equinor, Socar

Start of production in Absheron Gas Field in Azerbaijan

Monday, July 10 2023

Fossil Energy – Gas Production

TotalEnergies and its partner SOCAR (State Oil Company of the Republic of Azerbaijan) announce the start of production of the first phase of development of the Absheron gas and condensate field in the Caspian Sea, around 100 km south-east of Baku.

[Read more…] about Start of production in Absheron Gas Field in Azerbaijan

Filed Under: Azerbaijan, Caspian Sea, gas production, International News, SOCAR, TotalEnergies

SOCAR signs joint development agreements for renewable energy sources

Monday, January 16 2023

General – Renewable Energy

The State Oil Company of Azerbaijan (SOCAR) and United Arab Emirates’ Masdar company have signed Agreements on the joint development of offshore wind energy and hydrogen projects with a capacity of 2 GW, as well as joint development of 1 GW solar photovoltaic (PV) and 1 GW onshore wind energy projects.

[Read more…] about SOCAR signs joint development agreements for renewable energy sources

Filed Under: Azerbaijan, International News, Joint Development Agreement, Masdar, SOCAR, UAE Tagged With: Azerbaijan, joint development, Masdar, Socar, UAE

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