Posts Tagged ‘caspian’

ONGC to sell bonds to fund ACG buy

by on November 21, 2012 3:40 am BST
US independent Hess said in September it had agreed to sell its 2.72% stake in the large Azeri, Chirag and Guneshli(ACG) group of oilfields as well as its 2.36% stake in an associated pipeline to ONGC for $1 billion.Bloomberg reported on Wednesday that ONGC's foreign investment arm, ONGC Videsh,

BP confirms deal on Caspian field production

by on October 24, 2012 1:06 pm BST
BP confirms deal on Caspian field productionBAKU, AZERBAIJAN -- BP  confirmed Wednesday that it had reached an agreement with the State Oil Company of Azerbaijan Republic on how to stabilize production in the Azeri-Chirag-Guneshli field in the Caspian Sea."We are clear on the priorities and the actions that

BP ‘to keep’ ACG driving seat

by on October 24, 2012 10:54 am BST
Socar president Rovnag Abdullayev said the company was working with BP on a plan to keep expected output this year of about 246 million barrels from the Azeri-Chirag-Guneshli (ACG) field roughly flat through the end of the decade and was not looking at a change of operator on the

Syria-Turkey conflict puts key Caspian pipeline at risk

by Forex Rooton October 12, 2012 1:39 am BST
Syria-Turkey conflict puts key Caspian Sea pipeline at riskBY CLAUDIA ASSISSAN FRANCISCO -- Conflict between Turkey and Syria escalated, providing additional support to rising oil futures prices and stoking fears of a supply crunch.But just how worried should the world be about the tensions? Hint: it's not about crude