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OIL AND GAS
BP awards $40 million Shah Deniz gas contract
by Daniel J. Graeber
Austin, Texas (UPI) Nov 7, 2014


disclaimer: image is for illustration purposes only

Energy services company Emerson Process Management said it secured a $40 million contract from BP to help develop the Shah Deniz gas field offshore Azerbaijan.

Emerson, which has headquarters in Texas, said Thursday it will provide control and safety systems to BP's operations to ensure safe and efficient gas production offshore and processing at an onshore terminal.

BP has awarded more than $1 billion in development contracts since selecting the Trans-Adriatic pipeline as its option for Shah Deniz last year.

The Trans-Anatolian natural gas pipeline will carry Shah Deniz gas through Turkey to the Greek border. From there, TAP will take the gas to the European market.

Both pipelines are part of the so-called Southern Corridor of gas pipelines for Europe meant to break Russia's grip on the region's energy sector. Europe gets about a quarter of its gas needs met by Russia, though most of that runs through the Soviet-era transit network in Ukraine, where geopolitical conflicts present a risk to energy security.

First gas from the giant offshore natural gas field will be delivered in late 2018.


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OIL AND GAS
Syrian army retakes Shaer gas field from IS: state TV
Damascus (AFP) Nov 06, 2014
Syrian troops backed by pro-regime militiamen recaptured the Shaer gas field in central Homs Thursday, state television reported, a week after Islamic State group jihadists overran parts of it. Citing a military source, state television said the forces had recaptured the field and the surrounding area. The report was also confirmed by the Syrian Observatory for Human Rights monitoring group. ... read more


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