WorldOil Petrofac and SOCAR JV secures Caspian engineering and technical services contract The 12-month contract, with option to extend, will support activity in the Absheron natural gas field, located in the Caspian Sea approximately 100 kilometers south of Baku. Emerson helps complete first Caspian subsea project ahead of schedule, under budget Emerson has completed its $48-million contract for automation systems and cloud engineering software-as-a-service for the Shah Deniz 2 project in Azerbaijan and is fulfilling an ongoing five-year services contract. OPEC keen to extend cut, Russia is cautious For an OPEC+ meeting in which the key decision over an output-cut extension is supposedly “in the bag,” Monday’s gathering in Vienna could be as closely watched as any during the three-year coalition. Equinor invests in new platform in Azerbaijan Equinor and eight partners in the offshore Azeri Chirag Gunashli (ACG) oilfield in the Caspian Sea have made a $6 billion investment decision to build an additional platform in the license area. BP, partners sanction $6 billion Azeri Central East development offshore Azerbaijan BP and partners have sanctioned the Azeri Central East (ACE) project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oilfield complex in the Azerbaijan sector of the Caspian Sea. Turan Drilling and Engineering wins $500 million BP contract in Azerbaijan Turan Drilling and Engineering Company LLC (A KCA Deutag and SOCAR AQS Company), has announced that it has been awarded its first contract, with BP Exploration (Caspian Sea) Limited (BP). Weir, Azerbaijan State Oil and Industry University sign knowledge-sharing MoU Weir Oil and Gas has announced the signing of a memorandum of understanding with Azerbaijan State Oil and Industry University (ASOIU), a non-profit public higher education institution founded in 1920. BP discovers another giant gas field in the Caspian BP just spent $28 billion bringing a giant natural gas project in Azerbaijan online, and that may only be the start. Wood, Nobel Oil enter engineering and support JV in Azerbaijan Wood and Nobel Oil have entered into a joint venture (JV) agreement to provide engineering and operations support services to the oil and gas market in Azerbaijan. Petrofac and SOCAR form joint venture Petrofac’s Training Services business and the State Oil Company of the Republic of Azerbaijan (SOCAR) have signed a Shareholders Agreement to form a Joint Venture (JV) for the pursuit of training opportunities across the country’s oil and gas and petrochemical industries.