Turkey, Azerbaijan to Form JV on Maritime Transportation
Turkish proposal to establish a joint venture with Azerbaijan for streamlining and improving maritime transport on the Caspian Sea is under active consideration, says the Minister of Transport, Shipping and Communications of Turkey, Elvan Lutfi. The commissioning of the Baku-Tbilisi-Kars railway expected to increase of quantity and intensification of maritime transportation in the Caspian Sea, he said. Azerbaijan and Turkey's relations have always been strong due to their common culture and history and the mutual intelligibility of Turkish and Azerbaijani languages.
Keppel on Track to Deliver Rig for Caspian Drilling
Keppel Offshore & Marine Ltd (Keppel O&M) through its subsidiary in Azerbaijan, Caspian Shipyard Company (CSC), is on track to deliver a semisubmersible drilling rig to Caspian Drilling Company Ltd, a subsidiary of the State Oil Company of Azerbaijan Republic (SOCAR). The rig was named Heydar Aliyev at a ceremony in Azerbaijan today by the President of Azerbaijan, Ilham Aliyev. Built to Keppel FELS' proprietary DSSTM 38M design, the rig has been customized for the Caspian Sea's harsh environment condition. It is the first modern semisubmersible to be almost completely built in Azerbaijan.
A New Shipyard Opens in Azerbaijan
President of Azerbaijan, H.E. A new shipbuilding yard that is jointly developed by Keppel Offshore & Marine Ltd (Keppel O&M), State Oil Company of Azerbaijan Republic (SOCAR) and Azerbaijan Investment Company (AIC) was officially opened this morning by President of Azerbaijan, H.E. Ilham Aliyev. Singapore's Senior Minister of State for Trade and Industry, Mr Lee Yi Shyan, also attended the inauguration ceremony of the new yard. Named Baku Shipyard LLC (Baku Shipyard), the new 62-ha yard in Baku…
ABS Signs MOU With Gosgortechnadzor of the Azerbaijan Republic
and gas operations. relevant Rules and Guides of ABS. Azeri Technical Safety Law. on a major offshore project in Azerbaijan. Officer, ABS Europe. oil and gas industry in the Azerbaijan Republic. similar to the NPD in Norway, HSE in UK and MMS in the US. offshore operations concerns in the Azeri sector of the Caspian. of ABS Rules and Guides or other internationally recognized standards. established. between ABS and GGTN of the Azerbaijan Republic. drilling rig located in the Caspian Sea. setting standards,” says Lino Costa.
SOCAR Acquires 65 Percent of Stake in Shipbuilding Factory
Within the visit of Prime Minister Han Seung-soo to , Memorandum on creation of Caspian Shipbuilding Factory was signed. State Oil Company of Azerbaijan Republic (SOCAR) President Rovnag Abdullayev said the Memorandum has been signed between SOCAR, Korean STX and Azerbaijan Investment Company (AIC). STX that has initiated the project offers parity distribution of the project shares between all the shareholders – STX itself, Azerbaijan Investment Company (AIC), State Oil Company of Azerbaijan Republic (SOCAR), and Azerbaijan State Caspian Shipping Company (Kaspar). insisted that STX should acquire an equity stake of at least 35% of shares to make the latter to be more interested in the project operatorship and to raise more investments from abroad.
Caspian Sea Shipyard Wins BP Exploration SCV Contract
Keppel supported Baku Shipyard has won a first major contract from BP Exploration (Shah Deniz) Ltd, the operator of the Shah Deniz gas field development, to design and build a Subsea Construction Vessel (SCV). The contract is worth US$378-million, say the shipyard. When completed, the SCV will be deployed for the Stage 2 development of the Shah Deniz field, which lies some 70 kilometres offshore in the Azerbaijan sector of the Caspian Sea. The Shah Deniz Stage 2 project requires a subsea installation vessel to install the subsea structures over 11 years between 2017 and 2027.
BP Suspends Chirag Platform for Maintenance
BP has suspended operations at Chirag, one of its platforms in the Caspian Sea, for planned maintenance, the British oil company said on Tuesday. "Operations at Chirag have been suspended today for planned maintenance for 25 days," BP-Azerbaijan said in a statement. It said the work would maintain the ability of the platform to produce in a safe, reliable and environmentally sound way and added that oil exports would continue according to the schedule. Chirag is one of the main offshore oilfields in Azerbaijan operated by BP.
Topaz, BP Ink 14 Offshore Ship Contract
Topaz Energy and Marine, a leading offshore support vessel company, has secured 14 offshore support vessel contracts with BP Exploration (Caspian Sea) Limited ("BP"). Under the terms of the agreement, Topaz will supply 14 offshore support vessels for a five year period plus two one-year options at current market terms, primarily in support of BP’s ACG and Shah Deniz II fields offshore Azerbaijan. The agreement extends currently running contracts for the 14 vessels until 2023 including all options.
Topaz to Supply 14 Vessels for BP in Azerbaijan
Offshore support vessel company Topaz Energy and Marine informs it has secured 14 offshore support vessel contracts with BP Exploration (Caspian Sea) Limited. Under the terms of the agreement, Topaz will supply 14 offshore support vessels for a five-year period plus two one-year options at current market terms, primarily in support of BP’s ACG and Shah Deniz II fields offshore Azerbaijan. The agreement extends currently running contracts for the 14 vessels until 2023 including all options. These contracts bring Topaz’s global revenue backlog to nearly $1.4 billion.
RS Promotes QMS Certification Services
Russian Maritime Register of Shipping (RS) said it has certified the Caspian Sea Oil Fleet quality management system for compliance with the requirements of ISO 9001:2008, ISO 14001:2004, OHSAS 18001:2007 standards, as well as the Azerbaijan State Marine Academy for compliance with ISO 9001:2008 standard. The classification society said it actively interacts with the Maritime Administration and port state control bodies, participates in offshore oil and gas field development projects, cooperates in R&D and education with specialized higher educational institutions of Azerbaijan. According to RS, the strengthening of business contacts…
Azerbaijan Shipbuilding Plan
A memorandum on construction of a shipbuilding plant was signed by the State Oil Company of Azerbaijan (SOCAR), Azerbaijani Investment Company (AIC) and Korean company STX in Baku on 19 May, according to a report on http://capital.trendaz.com. The plant -- which reportedly is owned 65%, AIC – 10% and STX – 25%. -- will reportedly be built in Garadag region of Azerbaijan.The yard, which is intended to build ships for the Caspian Sea trade, is scheduled to be in operation by 2011. (Source: http://capital.trendaz.com)
First Ever LNG Project in the Black Sea
According to an April 18 report from the Georgian Daily Independent Voice, Azerbaijan, Georgia and Romanian are jointly launching a liquefied natural gas (LNG) project, designated as the Azerbaijan-Georgia-Romania Interconnector (AGRI). The three governments regard their project as an element in the EU-planned Southern Corridor for Caspian gas to Europe. AGRI envisages transporting Azerbaijani gas by pipeline to Georgia’s Black Sea coast, liquefying it there, shipping the liquefied product by tankers to Romania’s coast, and delivering the re-gasified product into Romania’s pipeline system and onward to EU territory. (Source: Georgian Daily Independent Voice)
STX to Build Shipyard in Azerbaijan
Azerbaijain Investing Company and STX Shipbuilding Co. signed the memorandum of understanding for plans to build a shipyard to produce and repair tankers in Garadaga (the region of Baku), reports Delo quoting Reuters. According to Riad Gasymov, the assistance of the chief executive of Azerbaijain Investing Company, the investments and the building period will be announced in June-July of the current year when the technical and economical basis will be ready. It is planned that the share of STX will total 75%, the share of Azerbaijain Investing Company - 25%. At the present time Azerbaijan has 3 shipyards. The Azerbaijan fleet totals 43 tankers, including 8 tankers delivered from the Russian shipyard Krasnoe Sormovo. Source: SeaNews
TOPAZ Explores Investment in Azerbaijan
A Topaz delegation consisting of Board Directors and Senior Management were in Azerbaijan in the Caspian region to hold discussions with State Oil Company Azerbaijan Republic (SOCAR). The aim of the meeting was to explore areas of mutual interest and opportunities for investment in the Caspian region. To support the growing offshore oil & gas market Topaz plans significant investments in the building of new offshore support vessels in the Caspian region in the next few years, providing support services to the offshore upstream energy sector. In total Topaz will spend $100m over the next two years expanding its fleet. Currently it operates 70 vessels including offshore supply ships, work barges and ice-breakers.
Statoil Makes Final Investment Decision on Shah Deniz Stage 2
Statoil ASA has together with partners in the Shah Deniz consortium in Azerbaijan made a final investment decision for the Stage 2 development of the Shah Deniz gas field, in the Caspian Sea, offshore Azerbaijan. Statoil also enters an agreement to divest a 10% share of its 25.5% holdings in Shah Deniz and the South Caucasus Pipeline. The BP operated Shah Deniz consortium announces the final investment decision for the Stage 2 development of the Shah Deniz gas field, in the Caspian Sea, offshore Azerbaijan. This decision triggers plans to expand the South Caucasus Pipeline (SCPX) through Azerbaijan and Georgia, to construct the Trans Anatolian Gas Pipeline (TANAP) across Turkey and to construct the Trans Adriatic Pipeline (TAP) across Greece, Albania and into Italy.
Subsea Construction Vessel Launched in Azerbaijan
The vessel was named Khankendi by the President of Azerbaijan, H.E. Ilham Aliyev, at a ceremony in Baku Shipyard and launched by the Shah Deniz consortium. Baku Shipyard LLC, a joint venture between Keppel Offshore & Marine Ltd (Keppel O&M), State Oil Company of Azerbaijan Republic (SOCAR) and Azerbaijan Investment Company (AIC), has completed a Subsea Construction Vessel (SCV) for the Caspian region. The Khankendi will be deployed to the Shah Deniz field where it is expected to perform subsea installation and construction work over the next eleven years.
Rolls-Royce signs $75M Deal
Rolls-Royce has won a third contract to supply RB211 gas turbines for the Azeri oil project being developed in the Caspian Sea. Valued at over $75 million the new contract brings the total value of Rolls-Royce energy equipment ordered for this project to more than $230 million. Rolls-Royce has now secured orders for 27 RB211 sets over the past three years from BP for installation in the Caspian Sea oil fields – one of the largest concentrations of industrial RB211s in the world. Eight industrial RB211 gas turbines are required for the newly-launched Phase III Deep Water Gunashli phase of the development, in which the Azerbaijan International Operating Company (AIOC) is investing some $4.7 billion.
Geological Study May Reveal That Azeri Sector Can Offer As Much Gas As Oil
Closer geological study of the Azeri sector of the Caspian could reveal a greater tendency towards gas than oil in the sea's deep-water section, the chief geologist of Azeri state oil company SOCAR said. If true, the speculations of Khoshbakht Yusifzade, who is the country's leading expert and one of four SOCAR vice presidents, could confirm growing suspicions that Azerbaijan holds as much gas as oil, if not more. Azeri specialists have now studied almost all of the former Soviet republic's onshore and shallow-water offshore structures and have discovered that is where the bulk of the oil lies, Yusifzade said. "Our previous research and experience in Azerbaijan allows us to assume that in the Caspian, the deeper the water, the more likely it is that we'll discover gas seams," he said.
BP Finds Major Gas Field
According to a Bloomberg report, BP Plc discovered a gas deposit in the Caspian Sea that may double production from the largest natural gas development in Azerbaijan. BP shares rose 2.8 percent, the most in a month, in London trading after the company announcement. With the latest discovery, the field may be able to pump enough gas to supply Belgium and Luxembourg together. BP and partners including StatoilHydro ASA plan to spend $4.2b on the site's first stage, which started pumping fuel to Turkey in July, easing Europe's dependence on supplies from Russia's OAO Gazprom. The announcement is the second ``major'' discovery within a week after Petroleo Brasileiro SA said an offshore field could be Brazil's biggest ever oil find.
McDermott forms Strategic Alliance with SOCAR, Azerbaijan’s State Oil Company
McDermott International, Inc. (NYSE:MDR) (“McDermott”), announced today that one of its subsidiaries, McDermott Caspian Contractors, Inc., and the State Oil Company of the Azerbaijan Republic (“SOCAR”) have formed a strategic alliance to implement a major pipelay and diving services contract in the Caspian region. The contract was recently awarded to McDermott in Azerbaijan as part of further development of the Azeri, Chirag and Deepwater Gunashli (“ACG”) field in the Azerbaijan sector of the Caspian Sea.
Topaz Adds OSV to Support BP Contract
Topaz Marine, a division of Topaz Energy and Marine recently acquired the Caspian Provider, an advanced Platform Supply Vessel (PSV), to join the company’s fleet on a four-year contract in Azerbaijan with a value in excess of $40m. The Caspian Provider will be working out of Baku, Azerbaijan, on a contract with oil and gas major BP won by Topaz Energy and Marine, in 2008. The Caspian Provider joins four sister ships already under the management of the Topaz Marine Azerbaijan unit. The Caspian Provider is the fourth vessel delivered to the company after construction in the Simek Yard in Norway.
Shipyard Cranes Order for Konecranes
Konecranes has received an order for cranes for a shipyard being built in Baku, Azerbaijan. The order was placed by Baku Shipyard, a joint venture company formed by State Oil Company of Azerbaijan Republic (SOCAR), Keppel Offshore and Marine (KOM), and Azerbaijan Investment Company (AIC). The order comprises one Goliath gantry crane and two portal jib cranes. The cranes will be delivered to the Baku shipyard by 2013. Baku Shipyard will develop a yard that is expected to be ready by the end of 2013.
Keppel Joint Venture, Azerbaijan Shipyard
President of Azerbaijan, HE Ilham Aliyev breaks ground for the new yard in the presence of Singapore’s Minister for Foreign Affairs, Mr George Yeo. Fortifying its presence in the Caspian Region, Keppel Offshore & Marine Limited (Keppel O&M) joins hands with State Oil Company of Azerbaijan Republic (SOCAR) and Azerbaijan Investment Company (AIC) to develop and manage a new 52-ha shipbuilding and shiprepair facility in Baku, Azerbaijan. The new SOCAR-Keppel Shipyard will be developed over a period of two to three years with an investment of US$386 million.