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Azerbaijan gets first bonus on new ACG agreement in late January

Foreign investors on the new agreement on the “Azeri-Chirag-Gunashli” fields block in the Azerbaijani sector of the Caspian Sea will pay the first part of the bonus amount…

Azerbaijan-based company expands its business to Kazakhstan

Azerbaijan-based company Global Energy Solutions (Glensol), one of the leading providers of maintenance and integrity solutions to the oil and gas, power and water, chemical…

Pipes laid on 620 Km of Greek-Albanian section of TAP

More than 80% of pipes have been laid on the Greek-Albanian section of the Trans Adriatic Pipeline (TAP), designed to supply Azerbaijani gas to Europe….

Serica Energy eager to invest in Iran’s oil-gas sector

Serica Energy says that the company is posed to have more interaction with Iran after the successful venture of the North Sea, Rhum Gas Field….

BP transfers nearly $95M to state budget

Oil and gas companies operating in Azerbaijan transferred AZN 258.8 million of profit tax to the state budget in 2016, Moore Stephens Azerbaijan said in…

BP: 2017 ‘Massive’ Year for Global Upstream Projects

Senior leaders from BP’s Global Projects Organization say the company’s project performance was positive for 2017 and have high expectations for the future. Coming off…

Azeri parliament to ratify new deal ACG-2 in 2017

Azerbaijan’s parliament is expected to ratify an oilfield development contract with a BP-led consortium before the end of 2017, the head of state oil group…

BP Wants to purchase Russian Gas from 2019

The Deputy Prime Minister of Russia Arkady Dvorkovich stated that Rosneft had not applied to the government with a request to approve the export of…

BP: We Want Platforms on ACG to Carry Out Production Smoothly and Reliably

BP plans to conduct a number of works to stabilize oil production in the Azeri-Chirag-Gunashli (ACG) block of Azerbaijani fields, BP-Azerbaijan President Gordon Birrell told…

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