BP interested in gas production at Karabakh field
The UK company intends to produce oil starting from 2029
British Petroleum (BP)
First oil from Karabakh field expected in 2029
First oil production from Azerbaijan’s Karabakh field is expected in 2029, bp’s Executive Vice President for Production and Operations Gordon Birrell announced.
Oil market braces for prolonged downturn
The global oil market is poised to enter a prolonged downturn in crude prices, potentially lasting several years. The world's largest oil companies, including BP, Chevron, ExxonMobil, Shell, and TotalEnergies, are taking …
Shah Deniz long-term production reaches 237 billion cubic meters of gas
Since production began at Azerbaijan’s Shah Deniz gas field in 2006, about 237 billion standard cubic meters of gas have been extracted, Vice …
Oil giant bp to increase investment in Azerbaijan
BP company is considering more investments in the Azerbaijani sector of the Caspian Sea, BP's Vice President for Wells in Azerbaijan-Georgia-Türkiye (AGT) region Russell Morris said at the IADC Drilling Caspian 2025 exhibition held in …
Output from Azerbaijan's Shah Deniz platform restored
BP, the operator of Azerbaijan’s Shah Deniz gas condensate field, has announced the resumption of production from the Shah Deniz Alpha platform as of the evening of January 18, BP Azerbaijan reported. BP reported that the …
Azerbaijan, BP discuss green energy
The head of the Azerbaijani Ministry of Economy discussed issues of bilateral cooperation with the BP chief executive
Shahdeniz to reach peak production this year
The "Shahdeniz" gas-condensate field will reach its peak production in 2023, BP vice president for communications and external relations in the Caspian and Middle …
Azerbaijani gas is priority of Europe's energy agenda
An increase in gas supplies from Azerbaijan is the priority of the energy agenda, bp Vice-President for the Caspian Region, Communications and External Affairs Bakhtiyar Aslanbayli said at the opening of the 16th Baku Summer Energy School (BSES) …
BP announces exiting Rosneft shareholding
Oil company BP said on Sunday that it will exit its 19.75% stake in Russian company Rosneft due to a Russian special operation in Ukraine. "The BP board today announced that BP will exit its shareholding in Rosneft. BP has held a …
Europe relies on Southern Gas Corridor
Southern Gas Corridor, which crosses six countries, stretches over 3500 km and costs 45$ billion, aims to increase and diversify European energy supply by bringing Azerbaijani gas to markets in Europe
Baku-Tbilisi-Ceyhan celebrates 500 million tonnes of oil export
The Baku-Tbilisi-Ceyhan (BTC) oil export pipeline has achieved a significant milestone by carrying 500 million tonnes of oil in total from the Sangachal terminal near Baku across Azerbaijan, Georgia and Turkey to Ceyhan, according to …
LUKOIL to enter exploration project in Caspian sea
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 boosts offshore gas production in Azerbaijan
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 to last for 120 years
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 expresses its support for Azerbaijan
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. …
The Contract Of The Century’ Celebrates 26th Anniversary
A strategic agreement which changed the course of the nation’s history
Global oil demand may have passed peak, says BP energy report
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 …
Big oil companies are turning electric
Can BP and Shell embrace completely new methods?
BP CEO: days of oil at $100 per barrel have gone
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 …
