Nobel Oil buys 50% of British company's Azerbaijan subsidiary
Nobel Oil Services (UK) Ltd acquired 50 percent of Denholm Oilfield Services Limited's fabrication business in Azerbaijan, said the message of the company.
Denholm confirmed that it has sold 50 percent of its interests in SDL Denholm Limited and Denholm Oilfield Services (Azerbaijan) Limited to fellow British firm - Nobel Oil Services Limited - for an undisclosed sum.
SOCAR temporarily suspends export of oil products in new direction
The SOCAR company (State Oil Company of Azerbaijan) has suspended export of oil products by transit through the territory of Russia, a source on the energy market of the country said.
Suspension of export is only a temporary phenomenon, according to the source.
"There are certain objective reasons for that," he said. "Export of oil products through Russia will continue in the second half of 2015."
At present, about 46,000 metric tons of petroleum products have already been exported through Russia.
There are several routes via which petroleum products are exported through Russia. Some of them are transported through the port of Azov in the Sea of Azov. Another part is transported via the more northern routes, including the route via the Baltic Sea.
Iran ready for new drillings at Caspian Sea; no plan on production
CEO of the Iranian North Drilling Co. says the company is preparing for new drilling operations in the Caspian Sea.
Iran has so far carried out exploration drilling in the Caspian Sea using the Iran Amir Kabir semi submersible drilling unit (SSDU).
Right now there are a series of repairs to be done on the Iran Amir Kabir platform and the company will move to the next well in the Caspian Sea in the near future upon order by the Client (the National Iranian Oil Company), Hedayatollah Khademi, CEO of the North Drilling Co. said.
Fitch affirms National Company KazMunayGas at 'BBB'
Fitch Ratings has affirmed JSC National Company KazMunayGas's (NC KMG or the group) Long-term foreign currency Issuer Default Rating (IDR) at 'BBB' with a Stable Outlook. Fitch has also affirmed KazMunaiGaz Finance Sub B.V.'s foreign currency senior unsecured rating at 'BBB'.
Kazakh KazMunaiGas plans to sell 50% in Kashagan
Kazakh national oil and gas company KazMunaiGas plans to sell 50 percent in KMG Kashagan B.V., which owns a 16.88 percent stake in the project to develop super-giant field Kashagan, to the Kazakh National Welfare Fund Samruk-Kazyna, the message of London Stock Exchange said.
The purchase price payable by Samruk-Kazyna for the Kashagan Shares shall be determined based on an independent appraisal, and it is expected to be approximately $4.7 billion.
The closing of the Kashagan Sale is expected to occur before the end of 2015.
Contract signed on exploration, production of oil and gas on Caspian Sea sector
Kazakhstan's national oil and gas company KazMunaiGas has signed a contract for combined exploration and production on the Dead Kultuk site (Ustyurt), said the website of Kazakhstan Stock Exchange (KASE).
Dead Kultuk field is located in the transition zone from shallow waters of the Caspian Sea to the territory of Komsomolets gulf and the surrounding areas on the east coast of the Caspian Sea. The area, where this block is located, is one of most promising for oil and gas production in Kazakh sector of the Caspian Sea.