Production in Azerbaijan’s sector of the Caspian Sea under the full-scale development of the Absheron gas-condensate field is scheduled to begin on September 1, 2029, TotalEnergies announced to journalists on Monday.

The State Oil Company of the Republic of Azerbaijan (SOCAR) has launched a new phase of offshore exploration in Azerbaijan’s sector of the Caspian Sea with detailed seabed studies at the promising Goshadash structure. The project marks a preparatory stage ahead of a large-scale seismic survey that will use advanced Ocean Bottom Node (OBN) technology, underscoring Azerbaijan’s commitment to expanding its hydrocarbon resource base and maintaining its role as a key energy supplier to regional and global markets.

“Azerbaijan plays an important role as a reliable transit country for energy resources,” Azerbaijani President Ilham Aliyev stated during his speech at the 12th Ministerial Meeting of the Southern Gas Corridor Advisory Council and the 4th Ministerial Meeting of the Green Energy Advisory Council in Baku on Tuesday.

The recent visit of Gurbanguly Berdimuhamedov, National Leader of the Turkmen People and Chairman of the Halk Maslahaty, to Azerbaijan on July 16–17 may not have produced any signed agreements, but it carried a weight of strategic symbolism that cannot be overlooked. In many ways, this was a visit less about documents and more about direction — and that direction, unmistakably, points toward closer alignment between Ashgabat and Baku.

The Shah Deniz consortium has officially taken the final investment decision (FID) for the Shah Deniz Compression (SDC) project, marking the next phase in the development of the massive Shah Deniz gas field located in the Azerbaijan sector of the Caspian Sea, News.Az reports, citing BP.

By Samir Veliyev

BP Azerbaijan has announced that the Shah Deniz field produced approximately 28 billion standard cubic metres of gas in 2024.

Apollo Global Management has entered into a $1 billion agreement with British energy giant bp to acquire a stake in the Trans Adriatic Pipeline.