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Caspian Sea

UAE leads Gulf foray into $165bn Caspian Sea market

The UAE is spearheading the Gulf region’s push into the Caspian Sea states as Azerbaijan, Kazakhstan and Turkmenistan offer an increasingly attractive proposition to companies affected by the slowdown in oil and gas projects activity proje

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Iran, EU firms in talks over Caspian Sea oil projects

Iran is in talks with companies from Norway, the Netherlands and the UK which have applied for research studies on the Caspian Sea gas and oil fields, a report said. However, no contract has yet been signed, Gholamreza Manouchehri

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Caspian energy hub proposed for Iran

Iran can benefit by setting up an energy trade network in the Caspian Sea region, which could export electricity rather than natural gas to regional customers, according to an analyst.  “We can import natural gas from C

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32 workers killed in Caspian Sea oil platform blaze

Thirty-two workers have been killed and 42 rescued from an offshore oil platform that caught fire in Azerbaijan-controlled waters in the Caspian Sea, the head of an independent committee said on Saturday. Azeri state energy compan

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Topaz Energy H1 profit plunges 114pc

Topaz Energy and Marine, a leading offshore support vessel company, posted a net loss of $3.1 million in the first six months (H1) of the year as against a profit of $21.9 million during H1 2014, a fall of 114.2 per cent. The comp

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Topaz Energy H1 profit plunges 114pc

Topaz Energy and Marine, a leading offshore support vessel company, posted a net loss of $3.1 million in the first six months (H1) of the year as against a profit of $21.9 million during H1 2014, a fall of 114.2 per cent. The comp

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Show to focus on Caspian Sea fleet needs

Industry professionals will discuss the investment, development and the diverse fleets required for Caspian Sea operations at a workboats and offshore marine show, to be held in Abu Dhabi from September 30. The three-day Seatrade

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Iran taps Caspian Sea route to boost grain stocks

Iran is approaching Kazakhstan and other Caspian Sea suppliers for fresh wheat deals after buying over 1 million tonnes in recent weeks from global markets as Tehran seeks to bolster strategic stocks after recent elections. Iran,

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Iran plans oil export terminal outside Gulf

Iran plans to build an oil terminal outside the Strait of Hormuz to ensure exports in the event of Gulf shipping problems and to ship Caspian oil, the oil ministry news website said on Monday. Shana reported the head of the Iranian Oil Ter

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Total strikes gas in Caspian Sea

French oil giant Total said it had found an important gasfield in the Caspian Sea off the coast of Azerbaijan, a discovery that the country's president called a major event. The field could produce billions of cubic feet of natural gas

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