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Azerbaijan government and co-venturers sign amended and restated Azeri-Chirag-Deepwater Gunashli PSA

The Azerbaijan government and the State Oil Company of the Republic of Azerbaijan (SOCAR), together with BP, Chevron, INPEX, Statoil, ExxonMobil, TP, ITOCHU and ONGC Videsh, have signed the amended and restated agreement on the joint development and production sharing (PSA) for the Azeri, Chirag fields and the deepwater portion of the Gunashli Field (ACG) in the Azerbaijan sector of the Caspian Sea. The contract is now subject to ratification by the Parliament (Milli Majlis) of the Republic of Azerbaijan.

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Aker Solutions wins Troll FEED contract with EPCI option from Statoil

Aker Solutions has won a contract from Statoil for front end engineering and design of a module that will increase output at Troll, one of Norway's largest natural gas fields.

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Baker Hughes and Yokogawa agree integrated
process and operational software solutions partnership

Baker Hughes, a GE company (BHGE), and KBC, a wholly-owned subsidiary of Yokogawa Electric Corporation, have signed a preferred partnership that will provide a combination of process simulation, asset performance management and operational software solutions to the oil and gas industry.

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New business and diversification opportunities flagged at oil and gas Share Fair

North Sea operators and contractors will share their forward activity plans with the supply chain at a major industry event in Aberdeen this November.

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