Russia’s upper house of parliament, the Federation Council, has officially approved a new law granting security forces the legal authority to shoot down hostile drones flying over oil and gas rigs in the Russian sector of the Caspian Sea.

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.

Kazakhstan’s oil production losses have risen to 480,000 tons following a Ukrainian drone strike on the Caspian Pipeline Consortium (CPC) infrastructure, Energy Minister Yerlan Akkenzhenov announced.

The recent agreement between the State Oil Company of Azerbaijan (SOCAR) and the global energy services leader Schlumberger (SLB) marks more than just another technical partnership. It represents a bold attempt to breathe new life into the aging Bahar and Gum Deniz oil and gas fields — relics of the Soviet industrial era now standing at the crossroads of technology, innovation, and sustainability.

SOCAR, Azerbaijan’s state oil company, and international technology firm SLB have signed a major partnership agreement to fast-track the redevelopment of the Bahar and Gum Deniz fields in the Caspian Sea.

 Rapid declines in the Caspian Sea’s water level are creating economic and environmental challenges in Azerbaijan, officials warn. Ports and oil shipments are being affected, while sturgeon and seal populations face severe threats.

On Friday, Iran’s oil minister issued a directive to resume petroleum exploration in the Caspian Sea, marking the first such initiative in nearly 30 years.

Kazakhstan's oil and gas condensate production reached a record high in March, driven by increased output at the Tengiz oilfield and steady exports through the Caspian Pipeline Consortium (CPC), according to industry sources.

bp expects the ramp-up of its state-of-the-art Azeri Central East oil facility in the Caspian Sea to take around two years, and may look at adding more facilities in the future, upstream senior vice president Gordon Birrell told S&P Global Commodity Insights, News.Az reports.