Azerbaijan plans to sign a new contract with BP next week on development of the giant Azeri-Chirag-Guneshli (ACG) oilfields that will run until 2050.

UAE Oil Giant Adnoc Makes First Major Global Gas Deal with Azeri Buy Adnoc to take 30% stake in Absheron gas field in Caspian Sea TotalEnergies, Socar each selling 15% in Absheron to Adnoc ...

The $6 billion ACE project is the next stage of development of the giant Azeri-Chirag-Gunashli field in the Caspian Sea. (Photo: BP) Azerbaijan will get a welcome earnings boost from BP’s announcement ...

India's Oil and Natural Gas Corporation (ONGC) announced that its international arm ONGC Videsh has acquired a 0.615% participating interest in the Azeri Chirag Gunashli (ACG) oilfield from ...

BAKU (Reuters) -Exxon Mobil and Azeri state energy company SOCAR said on Monday they signed a deal agreeing to explore onshore oil and gas production in Azerbaijan, while BP is expected to buy ...

Exxon Mobil Corporation (NYSE:XOM) already owns stakes in Azerbaijan's flagship Azeri-Chirag-Gunashli oilfield, and the Baku-Tbilisi-Ceyhan pipeline, which transports Caspian crude to Turkey and ...

ONGC Videsh said in a statement on Friday that it will pay up to $60 million to the Norwegian company to grab a 0.615% shareholding in the BP-led offshore oil development, Azeri-Chirag-Gunashli ...

BP's <BP.L> stake in Azerbaijan's vast oilfields is expected to shrink under a new production-sharing agreement with state energy company SOCAR, two industry sources familiar with the talks told ...