Caspian Sea News

11 Feb 2020

Upstream Sector Leads O&A M&A in 2019

Graph: GlobalData

A latest research revealed that the upstream sector accounted for the bulk of mergers and acquisitions (M&A) in the global oil and gas industry in 2019, generating some high-value transactions during the process.According to GlobalData's theme report, ‘M&A in Oil and Gas – 2020’, the acquisition of Anadarko Petroleum by Occidental Petroleum in April 2019 for a purchase consideration of US$57bn was the highlight of oil and gas M&A activity last year, says GlobalData, a leading data and analytics company.Ravindra Puranik…

13 Jan 2020

ASCO Completes Irgiz Overhaul

Image: Azerbaijan Caspian Shipping Company (ASCO)

Azerbaijan Caspian Shipping Company (ASCO) announced that its towing and supply vessel Irgiz, belonging to the Caspian Sea Oil Fleet, has been accomplished major overhaul. The vessel was repaired at the “Bibiheybat” Ship Repair Yard.The main and auxiliary steering gears and engines, oil and water coolers, air cylinder fittings, pumps for various purposes, separators, and piping systems were repaired. Also, the necessary electrical equipment, main and emergency lighting were checked…

20 Dec 2019

First Tanker Built at Baku Shipyard Launched

Image: Azerbaijan Caspian Sea Shipping

President of the Republic of Azerbaijan Ilham Aliyev has attended a ceremony to launch the first tanker built at Baku Shipyard on the order of the Azerbaijan Caspian Sea Shipping Closed Joint-Stock Company (ACSC).The first oil tanker 'Lachin' was built by local specialists on the design of the Odessa Bureau of Marine Engineering. The 7,875-ton tanker is 141 meters long and 16.9 meters wide.The tanker can pass through the Volga-Don canal and has the maximum load capacity. Unlike others…

17 Dec 2019

Damen's Ultra Shallow Draft Shoalbuster

Photo: Damen

Damen’s new Ultra Shallow Shoalbuster 3815 SD has successfully completed sea trials and bollard pull testing. The newly designed vessel achieved 18.6 tonnes of bollard pull, while still being able to operate in extreme shallow waters. “There are several projects in the world that operate in ultra-shallow working areas – in the Arabian Gulf and the Caspian Sea in particular,” says Jeroen van Woerkum, commercial manager at Damen Shipyards Hardinxveld. “We designed this vessel to…

18 Nov 2019

Oil Majors to Raise $27Bln in Selling Spree

Pic: Rystad Energy

Global giants of the oil and gas industry – the so-called supermajors – are looking to sell assets that could fetch a total of $27.5 billion, according to Rystad Energy’s latest assessment.These companies are actively shedding mature assets on a massive scale in a bid to finance higher-yielding investments elsewhere, with the added benefit of pleasing shareholders who are calling for stricter capital discipline.“The expected transactions mean some of the majors are poised to exit certain regions…

11 Oct 2019

DSC Dredge Wins USACE Dredge Bid

Photo: DSC Dredge

DSC Dredge, LLC wins bid for a new, non-propelled, cutter suction head dredge solicited by The Marine Design Center (MDC) of the U.S. Army Corps of Engineers (USACE) earlier this month. When completed, the new cutter suction head dredge will operate out of Astara, Azerbaijan to not only maintain the harbor depth and harbor entrance but the US Government is purchasing this dredge for the country of Azerbaijan as a part of Azerbaijan’s support of the US in anti-terrorism efforts.

03 Oct 2019

ACS Completes Giant Crane Ship

Image: Azerbaijan Caspian Shipping CJSC

Overhaul of the hull of the General Aliaga Shikhlinsky crane vessel has been completed. The vessel is on the balance of the Caspian Sea Oil Fleet of Azerbaijan Caspian Shipping (ACS). It is one of the giant ships in the Caspian Sea and is.After completion of the repair work on the floating dock in the Bibi Eybat Ship Repair Yard, the ship was launched into the sea.The overhaul of the vessel with carrying capacity equal to 600 tons included the repair of the bottom and side fittings…

16 Sep 2019

ASCO Vessel Om Back in Operation

Pic: Azerbaijan Caspian Shipping

Azerbaijani shipping company ASCO said that overhaul of the towing and supplying vessel Om, owned by its offshore fleet, has been completed.Repair work was carried out at the Bibi-Heybat Shipyard, said Azerbaijan Caspian Shipping Company.During the repair, the main and auxiliary engines of the vessel, pumps, pipelines, living quarters, sanitary facilities and a dining room were overhauled.In addition, two out-of-date 1LA4 280-4SA90-Z type air compressors have been replaced with modern MAS GA 75 type air compressors.During the dock repair…

10 Sep 2019

2nd Stage Of Pipe Laying in Absheron Field Over

Image: Azerbaijan Caspian Shipping CSJC (ASCO)

Azerbaijan Caspian Shipping CSJC (ASCO) announced that its vessels - Suleiman Vazirov and Yarenga - have completed the second stage of pipe laying work in the Absheron gas and condensate field located in the Azerbaijan sector of the Caspian Sea.According to the Azerbaijani shipping company, at this stage, an 8-inch pipeline with a length of 11,459 meters was layed in the Absheron area between jackets No. 23 and No. 57.Next stage includes pipe laying works at the Gas Separation Station No. 2 of the Bulla-Deniz field.

06 Sep 2019

ASCO Ships Completes Pirshagi Wastewater Treatment Plant

Pic: ASCO

More than 90 percent of the construction works of the Pirshagi Wastewater Treatment Plant, funded by the Government of Azerbaijan and the Korea Export-Import Bank, has been completed.According to Azerbaijan Caspian Shipping Company (ASCO), this facility is the first modern wastewater treatment plant in Azerbaijan developed on the basis of new technologies.Given that 400 m of the exhaust line of the Pirshagi Wastewater Treatment Plant was installed on land, and a part with a length of 1300 m – at the sea, a route along the sea bottom was determined in advance.

25 Aug 2019

Iran, Turkmenistan Establish Shipping Line

Pic: Ports & Maritime Organization

Iran and Turkmenistan have reached an agreement for establishing a direct shipping route between the two countries, said Iranian Transport and Urban Development Minister Mohammad Eslami.According to the minister, the agreement, along with several others, will be discussed comprehensively in the upcoming weeks and will be officially signed in the end of the seventh Iranian calendar month of Mehr (which ends on October 22) in Ashgabat.Regarding the Iranian delegation's visit to Turkmenistan…

22 Aug 2019

Topaz Revenue Climbs

Image: Topaz Energy and Marine

Revenue of Topaz Energy and Marine of the United Arab Emirates (UAE) for the six-month period of 2019 was $235 million, an increase of 56% compared to H1 2018.Dubai-based offshore vessel operator’s first-half net income also surged to $42 million from a $4m loss recorded at the end of first six months of 2018.Earnings before interest taxes, depreciation and amortization rose by 83 percent to $141m in the first half.The global ports operator DP World acquired Topaz from Oman's…

19 Jul 2019

ASCO Ships Lay Cable for Absheron Gas

Pic: Azerbaijan Caspian Shipping

Azerbaijan Caspian Shipping Company (ASCO), the largest and oldest shipping company on the Caspian sea, informed that works on laying pipes in the Absheron gas condensate field in the Azerbaijani sector of the Caspian Sea are under way.“Aura” tow-vessel vessel and “Suleyman Vezirov” pipe- laying ship of the Azerbaijan Caspian Shipping Company (ASCO) were involved in the pipe laying operations.The first phase of the operations has already been completed. Thus, the 13299-meter pipeline between “Darwin Bank” and “Absheron Bank” was fully laid.At present…

19 Jul 2019

Iran's Amirabad Port Gets Investments

Image: Ports & Maritime Organization

Iran's Amirabad port is attracting huge investments - 239 companies already committed investments, 13 of which are being under construction with 6700 billion Rials ($160mln ) worth of investment.“A new transit corridor will be formed on the axis of Amirabad - Dogharoon - Chabahar”, said Amirabad ports and maritime Manager Siavash Rezvani.He said that to increase the transit influence of Iran in the region, the new corridor will be formed with the transit axis of Amirabad-Dogharoon-Chabahar…

07 Jul 2019

Azerbaijan- U.S. Maritime Meet

Photo: Azerbaijan Caspian Shipping Company

Azerbaijan Caspian Shipping Company (ASCO) has hosted a meeting with the guests from the United States of America.The meeting was attended by Robert Sekuta, former US Ambassador Extraordinary and Plenipotentiary to Azerbaijan in 2015-2018, former Read Admiral Ron MacLaren, director of the US Joint Reserve Forces, and Afghan Niftiyev, Director of the Caspian Research Center.ASCO Chairman Rauf Veliyev informed the guests about crucial projects implemented in Azerbaijan for the development of the transport system in recent years.

30 Jun 2019

DP World Set to Acquire Topaz Energy

Photo: DP World

The world’s largest port operator DP World is in advanced discussions to acquire Topaz Energy & Marine, marking the Dubai-based company's first potential foray into the oil and gas industry.Britain’s Sky News, citing sources, earlier reported that a $1.3 billion deal for DP World to take over Topaz could be announced as early as Monday. The report didn't specify whether the valuation was referring to the equity or enterprise value of the transaction.However, Bloomberg reported that the port operator is in “very advanced” discussions to acquire Topaz Energy.

21 Jun 2019

NBS Maritime Rolls out New VSAT Service

Pic: NBS Maritime

NBS Maritime, the ship supply company that provides mobile satellite communications for the maritime sector, has announced  a new complete solution 'SeaDirect' for satellite communications with unlimited Internet connection onboard different types of vessels.Among the first NBS Maritime customers using SeaDirect are international shipping companies as well as superyachts, it said.SeaDirect is now available over the areas of the Mediterranean Sea, the North Sea, the Baltic Sea…

13 May 2019

One Dead After Saipem Vessel Blast

© Maxwel / MarineTraffic.com

One of the 14 people injured after an explosion on a pipe-laying vessel in the Caspian Sea operated by Italian oil service group Saipem has died, a Saipem spokeswoman said on Monday.The explosion took place on May 8."Saipem deeply regrets to advise that one person who has been in most critical conditions has passed away," an Azerbaijan-based spokeswoman said.(Reporting by Stephen Jewkes; Editing by Mark Potter)

10 May 2019

Pipelayer Blast Injures 14

The pipelayer vessel Israfil Huseynov (File Image: © Maxwel / MarineTraffic.com)

An explosion has struck an oil-industry vessel in the Caspian Sea, injuring 14 people, the ship's operator, Italian engineering firm Saipem, said on Thursday.The ship, the Israfil Huseynov, was involved in maintenance work linked to the Shah Deniz II project, part of the Southern Gas Corridor pipeline stretching from Azerbaijan to Europe.Saipem said seven of those injured in Wednesday night's explosion were being treated in intensive care for burns.Reporting by Giulio Piovaccari

01 May 2019

Oil Shipments from Georgia's Batumi Port Drop

Oil and oil-related shipments from Georgia's Black Sea port of Batumi dropped 24 percent in the first four months of 2019 from a year earlier, an official at a KazMunaiGas-operated terminal at the port said on Wednesday.Shipments of crude oil and refined oil products from Batumi have fallen in recent years, partly because Azerbaijan prefers to send its oil through the Baku-Tbilisi-Ceyhan pipeline or via its own terminal at the Georgian port of Kulevi, rather than from Batumi, which is operated by a Kazakh company.There were no shipments of crude oil, naphtha, jet fuel or vacuum gasoil from Batumi in January-April, the official, who did not want to be identified…

18 Apr 2019

Largest Barge of Caspian Sea Undergone Overhaul

Pic: Azerbaijan Caspian Shipping Company

The barge of STB-1 owned by the Caspian Sea Oil Fleet of the CJSC Azerbaijan Caspian Shipping Company (ASCO) has undergone an overhaul. The overhaul has been carried out at the Bibi-Heybat Shipyard.As part of the overhaul, the underwater and surface parts of the barge were cleaned and painted. Along with this, the bottom-side reinforcement of the barge was repaired.At the end of the overhaul, the barge “STB-1” was handed over to the crew members and Registry Classification representatives.

05 Apr 2019

Wärtsilä Completes Sea Trials for SceneScan System

SceneScan Topaz 1 (Photo Copyright: Topaz)

The technology group Wärtsilä has successfully completed sea trials of its SceneScan system, the world’s first ‘targetless’ dynamic positioning (DP) laser sensor. This state-of-the-art technology requires no reflector target to be deployed, thereby increasing both safety and operational uptime. The technology has been developed by Guidance Marine, a Wärtsilä company.The tests were carried out onboard the Topaz Citadel, a vessel owned by Topaz Energy and Marine, a leading international…

27 Mar 2019

Arctic (& Wind) Operations: Hands Across the Water

Renderings of the proposed Aeolus wind support fleet

As the North American offshore wind model evolves, it is clear that fit-for-purpose, Jones Act compliant and Arctic ready tonnage will need to be part of the equation. If so, we’ve got that box checked, with a little help from Europe.As of September 2018, the Walney Extension off the United Kingdom is the largest offshore wind farm in the world at 659 megawatts. There are at least 70 major wind farms, each with hundreds of wind turbines, each generating as much as 10 megawatts in offshore England, the North Sea, Russia and China.

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