Oil giant BP plc’s BP operated Shah Deniz project has received its modern subsea construction vessel – Khankendi. The cost of the vessel is $378 million. The new flagship vessel, Khankendi, has been ...

Infrastructure under consideration includes a new, 690-km pipeline through Azerbaijan and Georgia to the Turkish border and an offshore platform in the Caspian Sea. The Turkish government also is ...

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OSLO (Reuters) - Statoil (STL.OL) exited Azerbaijan's Shah Deniz gas project on Monday, selling a 15.5-percent stake to Malaysia's Petronas [PETRA.UL] for $2.25 billion (1.39 billion pounds) as part ...

BP Exploration (Shah Deniz) Ltd. has let an optimization stage engineering services contract to SOCAR-KBR for the Shah Deniz compression project in the Azerbaijan sector of the Caspian Sea. The ...

BAKU, Azerbaijan, October 21. The Shah Deniz consortium has effectively commenced construction works under the Shah Deniz Compression project, bp-Azerbaijan’s head of press service, Tamam Bayatly, ...