Azerbaijan’s state oil company SOCAR and Canada’s Gran Tierra Energy Inc. have signed a memorandum of understanding (MoU) to conduct joint research focused on the technical and economic assessment of a project to explore, develop, and produce hydrocarbon resources in the Guba-Caspian region.
Under the memorandum signed today during Baku Energy Week, Gran Tierra Energy Inc. will assess geological and technical data related to the project, as well as evaluate its logistical and infrastructure potential.
Once the geological exploration program and key commercial terms are finalized, steps will be taken to sign a Production Sharing Agreement.
Gran Tierra Energy Inc., an international energy company based in Calgary, Canada, is currently involved in the exploration and production of oil and natural gas in Canada, Colombia, and Ecuador.
Azerbaijan’s state energy firm SOCAR has signed a 10-year natural gas supply deal with Germany’s state-owned SEFE (Securing Energy for Europe), the companies announced on Tuesday.
Hungary's MOL Group and SOCAR have signed key terms for an exploration, development, and production sharing agreement for a new onshore area covering the Shamakhi-Gobustan regions of Azerbaijan.
bp, SOCAR and TPAO today signed several agreements enabling TPAO to join the production sharing agreement (PSA) for the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea.
Baku Energy Week 2025 has spotlighted Azerbaijan’s rising energy role, as it secures landmark oil, gas, and renewable energy deals with global partners, reinforcing its commitment to diversification and security.
Azerbaijan's SOCAR, Kazakhstan's KazMunayGas, Uzbekistan's Uzbekneftegaz, and Russia's Tatneft have signed a landmark agreement to cooperate on decarbonization and sustainable development initiatives.
China is set to eliminate tariffs for all 53 African countries it has diplomatic ties with, offering duty-free access not just to the poorest nations but also to middle-income economies.
The European Union and Britain reached a landmark agreement Wednesday to ease border crossings in Gibraltar, ending years of uncertainty over the territory’s post-Brexit status.
Forced displacement worldwide has hit a record 122.1 million, driven by conflicts in Sudan, Ukraine, and beyond, as humanitarian needs soar.
Thousands gathered for a sixth straight night of protests in downtown Los Angeles on Wednesday, condemning President Donald Trump’s immigration raids as federal forces remain deployed in the city.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 8th, covering the latest developments you need to know.
Presidential candidate Miguel Uribe Turbay is in critical condition after being shot three times — including twice in the head — during a campaign event in Bogotá.
Kazakhstan and the UK are strengthening defense ties with a new Military Cooperation Plan, focusing on peacekeeping and military education.
A 30-year-old woman was shot by police in Munich on Saturday evening after stabbing two people at Theresienwiese, a central park best known for hosting Oktoberfest.
Mexican President Claudia Sheinbaum has condemned U.S. immigration raids and National Guard deployment in Los Angeles, calling for reforms instead of enforcement.
US producer prices rose 2.6% annually in May, matching market expectations, with a modest 0.1% increase from April, the US Bureau of Labor Statistics reported.
The European Commission confirmed on Thursday it will postpone the implementation of new international banking regulations by a year, citing concerns over global alignment and competitiveness.
The euro surged to its highest level in nearly four years against the U.S. dollar, as global investors turned to safe-haven assets amid growing geopolitical tensions and uncertainty surrounding the U.S.-China trade deal.
The U.S. Energy Information Administration (EIA) has slightly increased its forecast for Brent crude oil prices in 2025, despite expectations of growing global stockpiles.
South Korea's main stock index, the Korea Composite Stock Price Index (KOSPI), rose by 35.19 points, or 1.23%, on Wednesday, closing at 2,907.04. This marks its highest closing level since 14 January, 2022, when it reached 2,921.92 points.
China is set to eliminate tariffs for all 53 African countries it has diplomatic ties with, offering duty-free access not just to the poorest nations but also to middle-income economies.
The European Union and Britain reached a landmark agreement Wednesday to ease border crossings in Gibraltar, ending years of uncertainty over the territory’s post-Brexit status.
Forced displacement worldwide has hit a record 122.1 million, driven by conflicts in Sudan, Ukraine, and beyond, as humanitarian needs soar.
Thousands gathered for a sixth straight night of protests in downtown Los Angeles on Wednesday, condemning President Donald Trump’s immigration raids as federal forces remain deployed in the city.
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