Weir Oil & Gas announced the signing of a memorandum of understanding with Azerbaijan State Oil and Industry University (ASOIU), a non-profit public higher education institution founded in 1920 on April 9.
The agreement will result in the company sharing their oil and gas expertise with ASOUI via workshops, seminars, joint projects and internship programs focusing on the technologies and products utilized in oil field equipment, as well as rotating machinery.
Weir and ASOIU will offer workshops involving the hands-on training of students in assembly, repair, inspecting and testing of equipment, as well as seminars on design, operation and testing of specific equipment to bridge the gap between theory and practice. Additionally, both parties will establish joint projects and Weir will enroll selected students in internship programs to prepare them for the industry.
Weir’s general manager of Russia and Central Asia, Altug Bilgic, and ASOIU’s Rector, Mustafa Babanli, were on hand for the signing of the MOU. Also in attendance was Dr. Carole Crofts, the British Ambassador to Azerbaijan.
“Weir is delighted to have signed this memorandum of understanding with Azerbaijan State Oil and Industry University,” Bilgic said. “The University is a highly-regarded institution and we look forward to providing real-world opportunities to expand on their current teachings.”
Recommended Reading
SLB Earnings Rise, But Weakened 4Q and 2025 Ahead Due to Oil Glut
2024-10-22 - SLB, like Liberty Energy, revised guidance lower for the coming months, analysts said, as oilfield service companies grapple with concerns over an oversupplied global oil market.
BP Profit Falls On Weak Oil Prices, May Slow Share Buybacks
2024-10-30 - Despite a drop in profit due to weak oil prices, BP reported strong results from its U.S. shale segment and new momentum in the Gulf of Mexico.
Woodside Reports Record Q3 Production, Narrows Guidance for 2024
2024-10-17 - Australia’s Woodside Energy reported record production of 577,000 boe/d in the third quarter of 2024, an 18% increase due to the start of the Sangomar project offshore Senegal. The Aussie company has narrowed its production guidance for 2024 as a result.
Empire Raises $10M in Equity Offering to Ease Doubts, Reports $3.6M Loss
2024-11-14 - Empire Petroleum received a waiver from its lender after falling out of compliance with a credit agreement.
Investor Returns Keep Aethon IPO-ready
2024-10-08 - Haynesville producer Aethon Energy is focused on investor returns, additional bolt-on acquisitions and mainly staying “IPO ready,” the company’s Senior Vice President of Finance said Oct. 3 at Hart Energy’s Energy Capital Conference (ECC) in Dallas.