Eni says Kazakh agreement moves it closer to exploration

Italian energy company Eni said Friday it grabbed a stronger hold over a reservoir in Kazakhstan it said has a "significant" potential for oil resources.

Rescuers find six bodies from Azerbaijan oil rig ablaze, 23 workers still missing

Rescuers have found remains for six of dozens of oil workers who went missing following a fire at Azerbaijan's oil rig on Caspian Sea, according to the country's TREND news agency.

29 missing in fire at Azerbaijan’s oil rig in Caspian Sea (SOCAR)

29 people are considered missing after the fire at an oil rig in Azerbaijan’s sector of the Caspian Sea, Hoshbaht Yusifzade of the State Oil Company of Azerbaijan Republic (SOCAR) told a news conference on Sunday.

32 Workers Killed as Oil Platform Catches Fire in the Caspian Sea

The head of an independent committee reported on Saturday that 32 workers were killed and 42 others were rescued when an offshore oil platform operated by SOCAR caught fire in the Caspian Sea. SOCAR is Azerbaijan's energy company.

Gazprom and partners begin South Stream

  Russia’s state-owned gas major Gazprom and its partners are beginning construction of the $16bn South Stream pipeline that will run under the Black Sea to Europe and rival the Nabucco project.

­The symbolic first welding of the pipeline takes place in the city of Anapa in Southern Russia on Friday. Among those present at the ceremony are Russian President Vladimir Putin, Bulgaria’s Regional Development and Public Works Minister Liliyana Pavlova as well as representatives of Italy's ENI, France's EDF and Germany's BASF.