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Absheron Gas Field
The Absheron gas field () is an offshore natural gas field in the Caspian Sea. The field is located southeast of Baku and northeast of the Shah Deniz gas field. It covers approximately . Partners of the Absheron field are Total S.A. (40%), SOCAR (40%), and GDF Suez (20%). Operator of the field is Total. History The Absheron block was discovered as a result of seismic exploration by Azerbaijani scientists in 1960 and was commissioned for exploration works in 1993. The first production sharing agreement on the Absheron field was signed between SOCAR and ChevronTexaco on August 1, 1997. According to the agreement, contractors conducted three seismic studies of of the block and drilled an exploration well in its southern section at a depth of . In 2001, gas condensate beds were found on the depth of ; however, these reserves were estimated as commercially unprofitable and Chevron quit the project in December 2005. The new contract between Total and SOCAR was signed on Februar ...
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Azerbaijan
Azerbaijan, officially the Republic of Azerbaijan, is a Boundaries between the continents, transcontinental and landlocked country at the boundary of West Asia and Eastern Europe. It is a part of the South Caucasus region and is bounded by the Caspian Sea to the east, Russia's republic of Dagestan to the north, Georgia (country), Georgia to the northwest, Armenia and Turkey to the west, and Iran to the south. Baku is the capital and largest city. The territory of what is now Azerbaijan was ruled first by Caucasian Albania and later by various Persian empires. Until the 19th century, it remained part of Qajar Iran, but the Russo-Persian wars of Russo-Persian War (1804–1813), 1804–1813 and Russo-Persian War (1826–1828), 1826–1828 forced the Qajar Empire to cede its Caucasian territories to the Russian Empire; the treaties of Treaty of Gulistan, Gulistan in 1813 and Treaty of Turkmenchay, Turkmenchay in 1828 defined the border between Russia and Iran. The region north o ...
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Maersk Drilling
Maersk Drilling, also known as The Drilling Company of 1972 A/S, was the drilling-rig operator of Maersk. It was based in Lyngby, Denmark. Established in 1972, the company was a Nasdaq Copenhagen–listed company with the ticket name 'DRLCO'. In November 2021, it was announced that Maersk Drilling would merge with Noble Corporation Noble Corporation plc is an offshore drilling contractor organized in London, England. Its affiliate, Noble Corporation, is organized in the Cayman Islands. It is the corporate successor of Noble Drilling Corporation. The company operates 24 dr ... and that the combined company would be called Noble Corporation, with a valuation of £2.6 billion. The merger was completed on October 3, 2022. Fleet References {{Authority control Drilling rig operators Service companies of Denmark Service companies based in Copenhagen Danish companies established in 1972 Maersk ...
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Natural Gas Fields In Azerbaijan
Nature is an inherent character or constitution, particularly of the Ecosphere (planetary), ecosphere or the universe as a whole. In this general sense nature refers to the Scientific law, laws, elements and phenomenon, phenomena of the physical world, including life. Although humans are part of nature, human activity or humans as a whole are often described as at times at odds, or outright Anthropocentrism, separate and even superior to nature. During the advent of modern scientific method in the last several centuries, nature became the passive reality, organized and moved by divine laws. With the Industrial Revolution, nature increasingly became seen as the part of reality deprived from intentional intervention: it was hence considered as sacred by some traditions (Jean-Jacques Rousseau, Rousseau, American transcendentalism) or a mere decorum for divine providence or human history (Hegel, Marx). However, a vitalist vision of nature, closer to the pre-Socratic one, got reborn ...
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South Caucasus Pipeline
The South Caucasus Pipeline (also known as Baku–Tbilisi–Erzurum Pipeline, BTE pipeline, or Shah Deniz Pipeline) is a natural gas pipeline from the Shah Deniz gas field in the Azerbaijan sector of the Caspian Sea to Turkey. It runs parallel to the Baku–Tbilisi–Ceyhan oil pipeline. History On 21 May 2006, the commissioning gas was pumped to the pipeline from the Sangachal Terminal. First deliveries through the pipeline commenced on 30 September 2006. Deliveries of gas from Shah Deniz gas field started on 15 December 2006. On 12 August 2008, the pipeline operator BP briefly closed the pipeline for safety reasons because of the South Ossetia conflict, resuming supply two days later. Description The diameter gas pipeline runs through the same corridor as the Baku–Tbilisi–Ceyhan pipeline until Erzurum, where BTC turns south to the Mediterranean. It is long, of which is in Azerbaijan and in Georgia. The initial capacity of the pipeline was of gas per yea ...
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Nabucco Pipeline
The Nabucco pipeline (also referred as Turkey–Austria gas pipeline) was a failed natural gas pipeline project from Erzurum, Turkey, to Baumgarten an der March, Austria to diversify natural gas suppliers and delivery routes for Europe. The pipeline was to lessen European dependence on Russian energy. The project was backed by several European Union states and the United States and was seen as a rival to the Gazprom-Eni South Stream pipeline project. The main supplier was to be Iraq with potential supplies from Azerbaijan, Turkmenistan, and Egypt. The project was developed by a consortium of six companies. Preparations started in 2002 and the intergovernmental agreement among Turkey, Romania, Bulgaria, Hungary and Austria was signed on 13 July 2009. After an announcement of the construction of TANAP, the consortium submitted the Nabucco-West project, which was to run from the Turkish-Bulgarian border to Austria. It was a modification of the original Nabucco Pipeline pr ...
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Economy Of Azerbaijan
The economy of Azerbaijan is highly dependent on oil and gas exports, in particular since the completion of the Baku-Tbilisi-Ceyhan pipeline, Baku-Tbilisi-Ceyhan Pipeline. The transition to oil production in the late 1990s led to rapid economic growth over the period 1995–2014. Since 2014, GDP growth has slowed down substantially. Large Petroleum, oil reserves are a major contributor to Azerbaijan's economy. Gas and oil make up two-thirds of Azerbaijan's GDP, making it one of the top ten most fossil fuel-dependent economies in the world. Gas and oil make up 90% of Azerbaijan's export revenues and 60% of its finances. Azerbaijan's economy is characterized by corruption and inequality. The country's oil wealth has significantly strengthened the stability of Ilham Aliyev's regime and enriched ruling elites in Azerbaijan. The country's oil wealth has enabled the state to host lavish international events, as well as engage in extensive lobbying efforts abroad. The national currency ...
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Government Of Azerbaijan
The politics of Azerbaijan take place in an Authoritarianism, authoritarian system where elections are not free and fair, political opponents are repressed, civil rights are limited, human rights in Azerbaijan, human rights abuses are widespread, corruption is rampant, and power is concentrated in the hands of President Ilham Aliyev and his extended family. Azerbaijan is nominally a Semi-presidential system, semi-presidential republic, with the President of Azerbaijan as the head of state, and the Prime Minister of Azerbaijan as head of government. Executive power is exercised by the president and the government. Checks and balances are nominally ensured by the legislature (National Assembly (Azerbaijan), Azerbaijan's National Assembly) and the Judiciary but both institutions are in practice firmly controlled by the executive. The politics of Azerbaijan have since 1969 been dominated by the Aliyev family. Heydar Aliyev governed Azerbaijan Soviet Socialist Republic, Soviet Azerba ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by Paul Reuter. The Thomson Corporation of Canada acquired the agency in a 2008 corporate merger, resulting in the formation of the Thomson Reuters Corporation. In December 2024, Reuters was ranked as the 27th most visited news site in the world, with over 105 million monthly readers. History 19th century Paul Julius Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions of 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aa ...
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Bloomberg L
Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and mayor of New York City (2002–2013) * Ramon Bloomberg (born 1972), American artist and film director Other uses * Bloomberg L.P., financial news and media company founded by Michael Bloomberg ** Bloomberg News Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg T ..., a news agency ** '' Bloomberg Businessweek'', weekly business magazine and website ** '' Bloomberg Markets'', a monthly financial magazine ** Bloomberg Radio, a business radio network ** Bloomberg Television, a business news channel *** Bloomberg TV Canada *** Bloomberg TV ...
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Trend News Agency
Trend News Agency () is an Azerbaijani news agency which focuses on current affairs in the Caucasus region and Central Asia. The agency is pro-government. History Founded in 1995 as a private media outlet in Azerbaijan, Trend News Agency is a news provider in the Caucasus, Caspian region and the Central Asia. Ilgar Huseynov is the director general of the agency. Trend News Agency produces news in five languages: Azerbaijani, English, Russian, Turkish and Persian. The services provide news of countries and regions by placing more focus on ongoing events in languages appropriate to the specific audiences. Analytical reports and feature articles highlight major political, economic, energy developments and financial articles from the South Caucasus, Iran, Turkey, and Central Asia. Trend's specialized bulletins cover areas covering such sectors as politics, business, oil and gas, transport and logistics, finance and banking in Azerbaijan, Iran, Uzbekistan, Tajikistan, Turkme ...
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Gas Condensate
Natural-gas condensate, also called natural gas liquids, is a low-density mixture of hydrocarbon liquids that are present as gaseous components in the raw natural gas produced from many natural gas fields. Some gas species within the raw natural gas will condense to a liquid state if the temperature is reduced to below the hydrocarbon dew point temperature at a set pressure. The natural gas condensate is also called condensate, or gas condensate, or sometimes natural gasoline because it contains hydrocarbons within the gasoline boiling range, and is also referred to by the shortened name condy by many workers on gas installations. Raw natural gas used to create condensate may come from any type of gas well such as: * Crude oil wells: Natural gas that comes from crude oil wells is typically called ''associated gas''. This gas could exist as a separate gas cap above the crude oil in the underground reservoir or could be dissolved in the crude oil, ultimately coming out of soluti ...
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National Assembly Of Azerbaijan
The National Assembly (), also transliterated as Milli Mejlis, is the legislative branch of government in Azerbaijan. The unicameral National Assembly has 125 deputies: previously 100 members were elected for five-year terms in single-seat constituencies and 25 members were elected by proportional representation; as of the latest election, however, all 125 deputies are returned from single-member constituencies. The Assembly nominally has powers under the Azerbaijan Constitution, but in practice power is heavily concentrated in Ilham Aliyev, the President of Azerbaijan. Parliamentary elections in Azerbaijan are widely regarded as not being free and fair. Between 1993 and 2010, major opposition parties were allowed some representation in the Assembly in each election. However, since 2010, no opposition parties have held seats in the Assembly. There are nominal opposition parties and independents but they are supportive of the Aliyev regime. The constitutional amendments of 2 ...
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