Abu Dhabi National Oil Company (ADNOC) is at the threshold of acquiring 30% equity stake in the Absheron gas and condensate field in the Caspian Sea. The agreement will be signed with SOCAR and TotalEnergies, who hold 50/50 shares in the field. Both of them will shed 15% each for acquisition by ADNOC. The total value of the deal has not been made public yet. After this … [Read more...]
Global Multi-Energy Company TotalEnergies starts production in the Caspian gas field in Azerbaijan
TotalEnergies, global multi-energy company, and its partner SOCAR (State Oil Company of the Republic of Azerbaijan) announce the start of production of the first phase of development of the Absheron gas and condensate field in the Caspian Sea, TotalEnergies said in a press release. This first phase connects a subsea production well to a new gas processing platform, itself … [Read more...]