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Tag: BP

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…

BP deploys new digital tool in the Caspian

BP recently launched a three-dimensional (3D) visualization tool on the East Azeri and West Chirag platforms, commencing the first phase of the digital modelling of…

The leader in daily oil production At the ACG block is the West Azeri platform

Oil production at the Azeri-Chirag-Guneshli (ACG) block of fields in the first half of 2021 amounted to about 85 million barrels (11.4 million tons), thequarterly report…

BP boosts payouts after profit jump, transition on track

BP (BP.L) boosted its dividend and share buybacks after beating expectations with a $2.8 billion second-quarter profit powered by higher oil prices and recovering demand. The strong…

BP has not changed data on Azerbaijan’s proven oil reserves for 19 years

The confirmed oil reserves in Azerbaijan at the end of 2020 are estimated at 1 billion tons (7 billion barrels), and Azerbaijan’s share in the…

BP to stick with oil and gas for decades, CEO says

BP will continue producing hydrocarbons for decades to come and will benefit from rising oil prices even as it reduces output as part of its…

SOCAR-Petrofac, BP sign contract

Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured a new contract valued at around…

Energy Ministry, BP start cooperation on solar energy project in Zangilan/Jabrayil region

The Ministry of Energy of the Republic of Azerbaijan and BP signed an Implementation Agreement on cooperation in the evaluation and implementation of a project…

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