LUKOIL signed an agreement yesterday on acquiring a 25% participating interest in the Shallow Water Absheron Peninsula (SWAP) exploration project in the Azerbaijan sector of the Caspian Sea from BP. The deal is expected to complete …
BP has announced the start of gas production under the second phase of the Shah Deniz offshore project in Azerbaijan’s deep-water sector of the Caspian Sea, with the UK supermajor also resuming plans to start long-discussed shallow water exploration drilling in the country
Azerbaijan's natural gas reserves are expected to last at least for the next 120 years, according to the joint calculations of Fitch Ratings and BP. The international agency emphasizes that according to this indicator, …
BP Regional President for Azerbaijan, Georgia and Turkey Gary Jones has sent a letter to Prime Minister Ali Asadov. The letter expressed support for the Azerbaijani people in their struggle to restore its territorial integrity. …
A strategic agreement which changed the course of the nation’s history
BP has called time on the world’s rising demand for fossil fuels after finding that demand for oil may have already reached its peak and faces an unprecedented decades-long decline. Demand for oil may never fully recover from the impact of …
There will be a reduction in use of oil over time, it will be displaced by natural gas or other things to generate power, BP group chief executive Bob Dudley said. He believes that the oil price of $100 per …
BP as the operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field advises that as part of its ACG annual work program it has successfully completed planned maintenance (turnaround) on the West Chirag platform in the Caspian …
BP chief executive Robert Dudley will step down from his current role at the end of March next year, the oil giant announced. "The Board of BP announced today that, after a 40-year career with BP and over …
President of Azerbaijan Ilham Aliyev has received a delegation led by chairman of the BP Board Helge Lund, according to the Azerbaijani presidential press-service. The long-term successful …
BP will hold an open meeting on September 11 to discuss a document on the Environmental and Socio-Economic Impact Assessment (ESIA) of Shafag-Asiman Exploration Drilling Project, the company's press service reported. BP is expected …
The rise of Tesla (TSLA) and electric vehicles broadly pose an existential threat to the oil industry
Oil major BP and Azerbaijan’s state energy company SOCAR signed an agreement on Friday to build a new exploration platform for the South Caucasus nation’s three major oilfields, BP-Azerbaijan said in a statement, Arab News …
BP plans to drill six wells in Azerbaijan within the next two years, BP Regional President for Azerbaijan, Georgia and Turkey Gary Jones said at a meeting on the results of 2018 and plans 2019. According to him, BP has …
Azerbaijani President Ilham Aliyev has met with Chief Executive Officer of BP Robert Dudley in Davos today, according to the statement, published on the Azerbaijani presidential website. "During …
Parviz Shahbazov: "Azerbaijan will enter a new stage of development"
Rhetoric has not matched reality as Moscow sells arms and builds alliances
The milestone was achieved on 14 July when the 3 billionth barrel of Caspian crude flowed through the Baku-Tbilisi-Ceyhan (BTC) pipeline, was loaded on the 3929th tanker and headed for world markets, according to BP. The first tanker …
Prices could surge past 2008 highs if new reserves not found
