Iraq and oil major BP, opens new tab signed a deal to redevelop four Kirkuk oil and gas fields, Iraq's state news agency reported on Tuesday.
The deal marks a breakthrough for Iraq, where output has been constrained by years of war, corruption and sectarian tensions.
BP is expected to spend up to $25 billion over the lifetime of the project, a senior Iraqi oil official told Reuters in early February.
Last year, approximately $1.83 billion was spent on operations at the Azeri-Chirag-Gunashli (ACG) oil and gas field block, according to BP's annual report on its activities in Azerbaijan.
BP CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company's strategy as it reported a 35% fall in annual profits, missing analysts' expectations.
BP aims to join the Karabakh oil field project in Azerbaijan by 2025, with negotiations underway to finalize terms with SOCAR for this strategic offshore development.
BP Azerbaijan has announced plans to build a new compression platform at the Shah Deniz gas field to optimize production, company spokesperson Tamam Bayatly confirmed in a press briefing.
Three friends from Spain are reviving a 500-year-old Andalusian Muslim tradition by traveling on horseback to Mecca for Hajj.
U.S. electric vehicle giant Tesla experienced a dramatic drop in European sales in January, with a year-on-year decline of 45.2%, according to data from the European Automobile Manufacturers' Association (ACEA).
NASA is preparing to launch its groundbreaking SPHEREx space telescope on Friday aboard a SpaceX Falcon 9 from Vandenberg Space Force Base in California.
Iraq and oil major BP, opens new tab signed a deal to redevelop four Kirkuk oil and gas fields, Iraq's state news agency reported on Tuesday.
The Trump administration is planning to further tighten semiconductor export restrictions on China, Bloomberg News reported on Monday, as part of a broader effort to curtail Beijing's technological capabilities-a policy move that builds on measures first put in place under the Biden administration.
A recent discovery has revealed that ancient artifacts from the Treasure of Villena were crafted using metal from meteorites, offering new insights into early metalworking techniques in the Iberian Peninsula.
Polish startup Clone Robotics has unveiled Protoclone, the world’s first anatomically accurate humanoid robot, featuring artificial muscles, bones, and joints that enable lifelike movements.
Berlin, February 21, 2025 – German citizens will head to the polls on Sunday, February 23, for a snap general election after the coalition government collapsed late last year.
U.S. President Donald Trump has wasted no time in his second term, making sweeping changes across domestic and foreign policy in just four weeks. His administration has aggressively reshaped federal agencies, redefined trade policy, frozen foreign aid, and taken bold steps in global diplomacy.
U.S. electric vehicle giant Tesla experienced a dramatic drop in European sales in January, with a year-on-year decline of 45.2%, according to data from the European Automobile Manufacturers' Association (ACEA).
Global demand for liquefied natural gas is estimated to rise by around 60% by 2040, driven largely by economic growth in Asia, AI impact and efforts to cut emissions in heavy industries and transportation, Shell said in an annual report on Tuesday.
As U.S. authorities intensify their crackdown on unauthorized e-cigarette products, several vape companies are altering their business models and corporate structures—efforts that are complicating regulatory enforcement.
Bitcoin and ether, the two largest cryptocurrencies by market capitalization, plunged to multi-month lows on Tuesday amid a broad market sell-off and heightened uncertainty following last week's hack that siphoned $1.5 billion in ether from the crypto exchange Bybit.
Uzbekistan has launched the feasibility study for the Tashkent — Samarkand railway line. Trains on this route will reach speeds of up to 300 km/h, greatly cutting down travel time.
Three friends from Spain are reviving a 500-year-old Andalusian Muslim tradition by traveling on horseback to Mecca for Hajj.
U.S. electric vehicle giant Tesla experienced a dramatic drop in European sales in January, with a year-on-year decline of 45.2%, according to data from the European Automobile Manufacturers' Association (ACEA).
NASA is preparing to launch its groundbreaking SPHEREx space telescope on Friday aboard a SpaceX Falcon 9 from Vandenberg Space Force Base in California.
Iraq and oil major BP, opens new tab signed a deal to redevelop four Kirkuk oil and gas fields, Iraq's state news agency reported on Tuesday.
The Trump administration is planning to further tighten semiconductor export restrictions on China, Bloomberg News reported on Monday, as part of a broader effort to curtail Beijing's technological capabilities-a policy move that builds on measures first put in place under the Biden administration.
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