British Petroleum (BP)

BP announces exiting Rosneft shareholding

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

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

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 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 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 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 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. …

Global oil demand may have passed peak, says BP energy report

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 …

BP CEO: days of oil at $100 per barrel have gone

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 …

BP: West Chirag platform resumes its operation

BP: West Chirag platform resumes its operation

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 CEO after Robert Dudley steps down

BP CEO after Robert Dudley steps down

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 …

Ilham Aliyev receives BP delegation

Ilham Aliyev receives BP delegation

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 …

Drilling at Shafag-Asiman to begin before year-end

Drilling at Shafag-Asiman to begin before year-end

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 …

BP and SOCAR sign new Azeri oil deal

BP and SOCAR sign new Azeri oil deal

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 new wells in Azerbaijan

BP plans to drill six new wells in Azerbaijan

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 …

Ilham Aliyev and Robert Dudley meet in Davos

Ilham Aliyev and Robert Dudley meet in Davos

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 …