http://www.worldoil.com WorldOil OPEC keen to extend cut, Russia is cautious https://www.worldoil.com/news/2019/6/28/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 https://www.worldoil.com/news/2019/4/19/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 https://www.worldoil.com/news/2019/4/19/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 https://www.worldoil.com/news/2019/4/16/turan-drilling-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 https://www.worldoil.com/news/2019/4/9/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 https://www.worldoil.com/news/2019/1/10/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 https://www.worldoil.com/news/2018/11/7/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 https://www.worldoil.com/news/2017/12/5/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. Azerbaijan, co-venturers sign amended PSA for Azeri, Chirag and deepwater Gunashli https://www.worldoil.com/news/2017/9/14/azerbaijan-co-venturers-sign-amended-psa-for-azeri-chirag-and-deepwater-gunashli The Azerbaijan government and the State Oil Company of the Republic of Azerbaijan (SOCAR), together with BP, Chevron, INPEX, Statoil, ExxonMobil, TP, ITOCHU and ONGC Videsh today signed the amended and restated agreement on the joint development and production sharing (PSA) for the Azeri, Chirag fields and the deepwater portion of Gunashli field (ACG) in the Azerbaijan Sector of the Caspian Sea. New subsea construction vessel launched in Baku to support Shah Deniz Stage 2 https://www.worldoil.com/news/2017/9/6/new-subsea-construction-vessel-launched-in-baku-to-support-shah-deniz-stage-2 The Shah Deniz consortium is pleased to announce the launch of the Khankendi - a new flagship vessel for the Caspian. The state-of-the-art subsea construction vessel has been specifically designed and built to install the biggest subsea production system in the Caspian Sea as part of the Shah Deniz Stage 2 project.