Absheron Gas Field
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Absheron Gas Field
The Absheron gas field ( az, Abşeron yatağı) 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 w ...
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Azerbaijan
Azerbaijan (, ; az, Azərbaycan ), officially the Republic of Azerbaijan, , also sometimes officially called the Azerbaijan Republic is a transcontinental country located at the boundary of Eastern Europe and Western Asia. It is a part of the South Caucasus region and is bounded by the Caspian Sea to the east, Russia (Republic of Dagestan) to the north, Georgia to the northwest, Armenia and Turkey to the west, and Iran to the south. Baku is the capital and largest city. The Azerbaijan Democratic Republic proclaimed its independence from the Transcaucasian Democratic Federative Republic in 1918 and became the first secular democratic Muslim-majority state. In 1920, the country was incorporated into the Soviet Union as the Azerbaijan SSR. The modern Republic of Azerbaijan proclaimed its independence on 30 August 1991, shortly before the dissolution of the Soviet Union in the same year. In September 1991, the ethnic Armenian majority of the Nagorno-Karabakh region formed the ...
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Maersk Drilling
Maersk Drilling is a drilling-rig operator based in Lyngby, Denmark. Established in 1972, the company is a Nasdaq Copenhagen–listed company with the ticket name 'DRLCO'. In November 2021, it was announced that Maersk Drilling will merge with Noble Corporation Noble Corporation plc is an offshore drilling contractor organized in London, United Kingdom. Its affiliate, Noble Corporation, is organized in the Cayman Islands. It is the corporate successor of Noble Drilling Corporation. The company operate ... and the combined company will be called Noble Corporation, with a valuation of £2.6 billion. 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, in the broadest sense, is the physics, physical world or universe. "Nature" can refer to the phenomenon, phenomena of the physical world, and also to life in general. The study of nature is a large, if not the only, part of science. Although humans are part of nature, human activity is often understood as a separate category from other natural phenomena. The word ''nature'' is borrowed from the Old French ''nature'' and is derived from the Latin word ''natura'', or "essential qualities, innate disposition", and in ancient times, literally meant "birth". In ancient philosophy, ''natura'' is mostly used as the Latin translation of the Greek word ''physis'' (φύσις), which originally related to the intrinsic characteristics of plants, animals, and other features of the world to develop of their own accord. The concept of nature as a whole, the physical universe, is one of several expansions of the original notion; it began with certain core applications of the word ...
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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 pipeline (oil). 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 closed the pipeline for safety reasons because of the South Ossetia conflict. Gas supplies were resumed on 14 August 2008. 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 ye ...
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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 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 between 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 proje ...
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Economy Of Azerbaijan
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. How ...
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Government Of Azerbaijan
The Politics of Azerbaijan takes place in a framework of a 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. Legislative power is vested in both the government and parliament. The Judiciary is nominally independent of the executive and the legislature. The political system in Azerbaijan is authoritarian, as elections are not free and fair, political opponents are repressed, civil rights are limited, human rights abuses are widespread, corruption is rampant, and power is concentrated in the hands of President Ilham Aliyev and his extended family. Political history Azerbaijan declared its independence from the former Soviet Union on August 30, 1991, with Ayaz Mutalibov, former First Secretary of the Azerbaijani Communist Party, becoming the country's first President. Following a massacre of Azerbaijanis at Khojali in Nago ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 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 Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ...
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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, 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 Philippines ***Bloomberg TV Malaysia ** Bloomberg Terminal, desktop terminal and software widely used in the financial industry ** Bloomberg Data, API product using sftp or web service protocols to retrieve market data ** Bloomberg Government, online news service c ...
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Trend News Agency
Trend News Agency ( az, Trend Xəbər Agentliyi) is an Azerbaijani news company which focuses on current affairs in the Caucasus region and Central Asia Central Asia, also known as Middle Asia, is a subregion, region of Asia that stretches from the Caspian Sea in the west to western China and Mongolia in the east, and from Afghanistan and Iran in the south to Russia in the north. It includes t .... 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 has five news services - Azerbaijan, 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 Sout ...
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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 may come from any one of three types of gas wells: * Crude oil wells: Raw natural gas that comes from crude oil wells is called ''associated gas''. This gas can exist separate from the crude oil in the underground formation, or be dissolved in the crude oil. Condensate produced from oil wells is often referred to as ''lease condens ...
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National Assembly Of Azerbaijan
The National Assembly ( az, Milli Məclis), 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 were members elected by proportional representation; as of the latest election, however, all 125 deputies are returned from single-member constituencies. Power in Azerbaijan is heavily concentrated in Ilham Aliyev, the President of Azerbaijan. Parliamentary elections in Azerbaijan are not free and fair. History Azerbaijan Democratic Republic (1918–1920) Following the Russian Revolution in February 1917, a special committee consisting of deputies from Transcaucasian State Duma was created. In November, Transcaucasian Commissariat was created as the first government of independent Transcaucasia. The Sejm made up of representatives of three nations did not have a solid political platform as each n ...
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