WorldOil MOL Group buys stakes in Azerbaijan’s ACG field and BTC pipeline MOL has signed an agreement with Chevron Global Ventures Ltd and Chevron BTC Pipeline, Ltd to acquire their non-operated EandP and mid-stream interests in Azerbaijan, for total consideration of $1.57 billion. BP awards Saipem Caspian contracts worth $145 million Saipem, in consortium with Boshelf LLC and STAR GULF FZCO, has recently been awarded three new contracts by BP for the development of the Azeri-Chirag-Gunashli oil and gas field offshore Azerbaijan. Subsea 7 chosen for BP Caspian Sea construction project Subsea 7 announced today the award of two contracts by BP Exploration for the Azeri Central East project in the Azeri-Chirag-Deepwater Gunashli field in the Caspian Sea, in a water depth of approximately 140 meters. 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.