In July, the European Union and Azerbaijan signed a new energy agreement to double gas imports from Azerbaijan to Europe.
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Aquaterra Energy has been awarded a high-pressure high temperature (HPHT) subsea riser contract for the Babek project on Azerbaijan’s Umid gas field.
Oil major BP has achieved what it says is a major milestone on the Azeri Central East (ACE) project in Azerbaijan by transporting, jacking, and skidding two drilling modules onto the ACE topsides deck currently under construction.
Collaboration between Brussels and Baku is recognized by both sides as a relationship between equals.
On July 5, the 18th meeting of the Azerbaijani-Kazakhstani Joint Intergovernmental Commission on Trade and Economic Cooperation was held in Nur-Sultan.
One of Europe’s strategic partners in this field is Azerbaijan, which already supplies large quantities of gas to Europe. According to the OEC, more than 80% of Baku’s total exports is made up of crude oil and gas, which is largely directed toward European markets.
The European Union reached a deal to double natural gas imports from Azerbaijan in a bid to help replace Russian fossil fuels amid a worsening energy crisis following President Vladimir Putin’s invasion of Ukraine.
Azerbaijan's President Ilham Aliyev has said described reliable cooperation between the EU and Azerbaijan in the field of energy as "the big asset".
Azerbaijan's President Ilham Aliyev has praised the renewable energy potential of Azerbaijan, saying that we have enormous resources in the liberated areas of Azerbaijan and the Caspian Sea.
EU Reporter can reveal that a deal to boost Europe’s gas imports from Azerbaijan is imminent. Commission President Ursula von der Leyen is expected to fly to Baku as soon as Monday to seal a deal.
The European Union is reportedly seeking an oil deal with Azerbaijan as it attempts to distance itself from Russia amid its war in Ukraine.
The European Commission and the Azeri government have sealed a preliminary deal for expanding the Trans-Adriatic Pipeline that brings Azeri gas into Europe as part of the EU’s efforts to reduce its dependence on Russian gas.
The details of the draft memorandum of understanding to be signed between Azerbaijan and the European Commission on July 18 have been disclosed.
Serbia, which is fully dependent on Russian gas supplies, plans to purchase gas from Azerbaijan in 2023 when it expects an interconnector to Bulgaria's pipeline to be completed, Serbia's energy minister said on Tuesday.
According to the European Commission's (EC) quarterly report on European gas markets, the value of gas supplied by Azerbaijan to Europe via the Trans Adriatic Pipeline (TAP) in the first quarter of 2022 is estimated at €2.1 billion.
Mitsotakis pointed out that Greece is protecting its energy independence, while also becoming an energy hub for all of Europe.
The State Oil Company of Azerbaijan (SOCAR) and JSC "Uzbekneftegaz" consider joint exploration and production of hydrocarbons in Azerbaijan.
The announcement by Turkey appears to be response to increased interest from Europe in non-Russian sources of energy.
Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) and Chairman of ENOC and Dragon Oil, Mikayil Jabbarov, the Minister of Economy of Azerbaijan Republic, discussed the bilateral relations in the energy sectors of the two brotherly countries, and the future business opportunities of cooperation.
Azerbaijan accounted for 54% over BP's $19.725bn in global payments to government in 2021, the energy major reported on June 24, in compliance with UK regulations.
The Minister of Energy, Virgil Popescu, participates, as co-president, in the works of the 6th session of the Inter-governmental Committee for commercial-economic and technical-scientific cooperation between Romania and the Republic of Azerbaijan.
A joint venture between Houston-based KBR and Azerbaijan’s SOCAR has been awarded a front-end engineering design (FEED), turnaround engineering, and procurement support services contract by BP for the Shah Deniz Alpha (SDA) platform in Azerbaijan.
For many years economic ties with the UK have been one of the priorities for Azerbaijan. And it is not surprising - companies from the Albion account for a considerable part of the $140 billion foreign investments allocated to our country over the last thirty years.
Azerbaijani President Ilham Aliyev announced Thursday that his country is cooperating with the European Commission on boosting gas deliveries to Europe, reported Xinhua.
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