British service company Wood Group was selected by BP as a contractor for providing engineering services for BP’s underwater infrastructure in the Gulf of Mexico, continental shelfs of UK and Norway and the Azerbaijani offshore oil and gas fields, reported Wood Group.
The company reported that the five-year contract envisages operation, program and engineering support and management of the underwater projects by Wood Group Kenny.
“The contract is effective since its signing date. The works in Azerbaijan will be managed from the Baku-based office of Wood Group company,” said the same source.
Wood Group is a British oil and gas service company with the headquarters based on Aberdeen. In 2014 the company’s incomes totaled $6.57 billion.—0—
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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