BAKU, Azerbaijan, July 5.​ The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta on ...

BP announced in a release posted on its site recently that it, together with its partners, has entered into a series of agreements “that will build and expand on its major oil and gas interests ...

BP (NYSE: BP) said Tuesday the Shah Deniz consortium took a final investment decision to spend $2.9B to advance the new Shah Deniz Compression project, the next stage of development of the giant ...

Today marks the 20th anniversary of the first oil production from the Central Azeri platform, the second oldest platform on the Azeri-Chirag-Deepwater Gunashli (ACG) field, following Chirag. On 18 ...

The ACG oilfield, a 'super-giant' offshore field in the Caspian Sea, has been operated by UK oil and gas major bp since 1999 and is a key contributor to Azerbaijan's oil production.

British fossil fuel giant BP and Saudi private energy supplier ACWA Power are collaborating with the Azeri government in developing solar and wind power in Nagorno-Karabakh.

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 ...

EU imports of Russian-origin fuels from an Azerbaijani-owned refinery have grown dramatically in 2024, according to new Global Witness analysis of Kpler data. The EU is now the largest buyer of ...

Azerbaijan will get a welcome earnings boost from BP’s announcement that it has launched production at a new $6-billion facility in Azerbaijan’s giant Azeri-Chirag-Gunashli oil field. The upgrade can ...

Adnoc makes first major global gas deal with Azeri acquisition Abu Dhabi-based company would acquire a 30% equity stake in Absheron gas and condensate field in the Caspian Sea off the coast of Baku ...

The Abu Dhabi National Oil Company (ADNOC) is set to acquire a 30% stake in the Absheron gas field in Azerbaijan's Caspian Sea, buying shares from TotalEnergies and SOCAR.

The biggest oil producer in the United Arab Emirates is buying a stake in a natural gas field in Azerbaijan, marking the company’s first major international purchase of upstream hydrocarbon assets.