BP, ADNOC offer to buy 50% of Israel’s NewMed Energy
BP and Abu Dhabi’s state oil giant on Tuesday offered to acquire 50% of Israeli offshore natural gas producer NewMed Energy for around $2 billion,…
bp brings leading international practices on inclusive society to Azerbaijan
bp on behalf of its co-venturers in the Azeri-Chirag-Gunashli, Baku-Tbilisi-Ceyhan, Shah Deniz and South Caucasus Pipeline projects – SOCAR, TPAO, LUKOIL, NICO, MOL, Equinor, SGC,…
Annual gas production at Shah Deniz increased by 2 bcm
In 2022, about 25 bsm of gas and more than 4 million tons (about 36 million barrels) of condensate were produced from the Shah Deniz…
BP criticized for plans to spend more on oil and gas projects than on green energy
British oil and gas corporation BP has been criticized for planning to spend twice as much on oil and gas projects as it does on…
Next year, oil production at ACG will decrease by 23.5 million barrels
The average annual oil production at the Azeri-Chirag-Guneshli (ACG) block of fields in 2023-2026 is projected at about 124.4 million barrels, the conclusion of the Accounts…
Libya agrees gas deal with Eni and BP
Libya has agreed with Eni ENI.MI and BP BP.L to begin extracting natural gas from a Mediterranean gas field believed to be bigger than Egypt’s huge Zohr field, the…
Construction of the topsides of the new BP platform in the Caspian Sea is 95% completed
In the first half of 2023, BP plans to send the support block and topsides of a new production platform to the sea as part…
Oil production at Azeri-Chirag-Guneshli decreased by 1 mln tons in six months
Oil production at the Azeri-Chirag-Guneshli (ACG) offshore field block in the first half of 2022 amounted to 76.74 million barrels ( a little more than…
BP to boost spending on oil and gas by $500 mln, CEO says
BP is increasing its spending on oil and gas by $500 million in response to soaring energy prices and tightening supplies, Chief Executive Officer Bernard…
BP received an application to increase the volume of oil pumped from Kazakhstan through military-technical cooperation
BTC Co (operated by the British company BP) has received applications for the transportation of additional volumes of Kazakh oil through the Baku-Tbilisi-Ceyhan (BTC) pipeline….
Ilham Aliyev received bp Chief Executive Officer
President of the Republic of Azerbaijan Ilham Aliyev has received Chief Executive Officer of bp Bernard Looney. The sides hailed bp’s long-term successful cooperation with…
Production from the Caspian Shah Deniz field is growing rapidly
In the first quarter of 2022, 6 billion cubic meters of gas were produced from the Shah Deniz field, which is 17.6% higher than in…
BP, Azerbaijan in talks on new renewable energy projects
BP is in negotiations with the Government of Azerbaijan on new projects in renewable energy sector to be implemented in the territories liberated from Armenian…
Equinor-bp JV awards new contract to Maersk
Empire Offshore Wind, a joint venture between Equinor and bp, has awarded a contract to Maersk Supply Service for charter of its newbuild wind installation…
Eyes on TotalEnergies as Shell confirms Russian exit
Energy majors continue to offload interests in Russia, with a series of divestment announcements by the likes of Shell, BP and Equinor. BP announced on…
BP decided to exit the capital of Rosneft
BP is selling 19.75% of Rosneft, and its head Bernard Looney is leaving the board of directors of the largest Russian oil company. This is…
How much gas has already been produced from the Shah Deniz field?
From the moment of commissioning by 2022, about 156 billion cubic meters of gas have been produced at the Shah Deniz field, bp-Azerbaijan reported. According…
Gas export from Sangachal terminal increases by 24%
In 2021, the average daily volume of gas exports from the Shah Deniz field to the Sangachal terminal amounted to 61 million cubic meters (approximately…
BP’s net income topped $7.5B last year
The net profit of the British oil and gas giant BP Plc attributable to shareholders amounted to $7.565 billion last year against a loss of…
Equinor, BP Seal 2.5 GW Offshore Wind Farm Deal With NY State
Equinor and BP have finalized the Purchase and Sale Agreements (PSAs) with the New York State Energy Research and Development Authority for the Empire Wind…
BP Vice President: Shah Deniz opened a new chapter in Azerbaijan’s history
Shah Deniz is Azerbaijan’s biggest gas project, Bakhtiyar Aslanbayli, bp’s Vice President for the Caspian region, Communications and Advocacy, said in an interview with Report. He added…
BP increases its share in Shah Deniz
BP has decided to increase its holding in the giant Shah Deniz gas field in the Caspian offshore Azerbaijan through negotiations with the Shah Deniz…
New renewable energy programme to be created in Azerbaijan
The Ministry of Education of Azerbaijan and bp today signed a Protocol of Intent on cooperation to found a new renewable energy programme in one…
Ilham Aliyev received BP Chief Executive Officer
President of the Republic of Azerbaijan Ilham Aliyev has received Chief Executive Officer of BP Bernard Looney. BP Chief Executive Officer Bernard Looney congratulated the…
BP posts net loss of 5.6 times in Q321
In the third quarter of 2021, BP received $2.544 billion in net loss attributable to shareholders, compared to a loss of $450 million in the same period last year, Report informs…
Why did the prime minister of Azerbaijan receive the BP delegation?
On October 26, Prime Minister Ali Asadov met with BP Group’s executive director for production and exploitation Gordon Birrell and the company’s regional director for…
B. Aslanbayli: bp remains committed to Azerbaijan
Russia’s private company LUKOIL isacquiring a 25% participating interest in the Shallow Water Absheron Peninsula (SWAP) exploration project operated by bp and located in the…
BP says nearly a third of its UK fuel stations running on empty
BP (BP.L) said nearly a third of its British petrol stations had run out of the two main grades of fuel on Sunday as panic buying forced…
BP eyes producing green hydrogen at site of closed refinery in Australia
BP is looking at producing green hydrogen at the site of a recently closed oil refinery in Western Australia, Report informs, referring to foreign media. BP plans…
BP and co-venturers continue their support to ABB Tech Academy
BP and its co-venturers in the joint ventures that bp operates in Azerbaijan will continue their support to the ABB Tech Academy – an educational…