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.
The platform will capture low-pressure gas from specific reservoir layers within the offshore field and transport it to the Sangachal terminal for processing. “This will be a completely new facility dedicated to enhancing gas recovery from sections of Shah Deniz that require specialized extraction,” Bayatly stated.
BP Chair Helge Lund intends to step down "likely during 2026" and the process to pick his successor has started, the energy group said on Friday amid a campaign by activist hedge fund Elliott for more change at the company.
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.
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.
Donald Trump's cabinet members sent mixed signals on whether tariff talks with China are underway, despite Trump's claims, fueling confusion as market instability and recession fears grow amid ongoing tensions between the world’s two largest economies.
A deadly explosion at Iran’s Bandar Abbas port has left at least 40 dead, with more than 1,200 people injured, state media reported on Sunday, halting operations at one of the country’s most vital trade hubs.
U.S. Secretary of State Marco Rubio urged for a swift peace agreement between Russia and Ukraine, as the Trump administration decides whether to continue mediation.
Saudi Arabia and Qatar have agreed to settle Syria's $15 million arrears with the World Bank, allowing the institution to resume grants for the country's reconstruction and support for its public sector.
U.S. and Philippine forces shot down drones with Stinger missiles during joint military drills in Zambales, aimed at testing readiness amid rising tensions with China over the South China Sea. Over 14,000 troops are participating in the Balikatan exercises, which run until May 9.
China has rolled out the world’s first 10-gigabit (10G) fixed broadband network in Xiong'an New Area, promising ultra-fast speeds and low latency through cutting-edge optical infrastructure.
Pope Francis's relationship with Azerbaijan has evolved significantly over the years, characterized by diplomatic exchanges, promotion of religious tolerance, and peace advocacy in the Caucasus region.
Russia launched a major missile and drone assault on Kyiv overnight on April 24, killing at least twelve people and injuring 90, including children and a pregnant woman, according to Mayor Vitali Klitschko.
China’s pivot away from U.S. liquefied petroleum gas under new tariffs is shaking global energy flows, slashing demand, and fuelling a scramble for alternatives across Asia, with Middle Eastern suppliers and rival buyers seizing the moment.
A deadly attack targeting tourists in India’s Jammu and Kashmir territory has left at least 20 feared dead, marking the deadliest incident against civilians in the region for years, according to security sources.
President Ilham Aliyev extended condolences to Iranian President Masoud Pezeshkian over the Shahid Rajaee Port explosion in Bandar Abbas, expressing deep sorrow and wishing a speedy recovery to the injured on behalf of himself and the Azerbaijani people.
Indian and Pakistani troops exchanged gunfire for a second consecutive day on Saturday, as relations between the two nuclear-armed neighbors deteriorated following a deadly attack on tourists in India’s Kashmir region.
The Syrian Ministry of Defense on Thursday accused Hezbollah militias of firing artillery shells from Lebanese territory toward Syrian army positions in the al-Qusayr area west of Homs.
Saudi Arabia on Friday unveiled its annual report highlighting the Kingdom’s advancements toward achieving the ambitious goals of Vision 2030 during the year 2024.
On April 25, Azerbaijani President Ilham Aliyev met with OSCE Secretary General Feridun Sinirlioğlu to discuss the South Caucasus, peace talks with Armenia, and strengthening bilateral cooperation. Aliyev emphasized dismantling the OSCE Minsk Group and securing Azerbaijan’s sovereignty.
Donald Trump's cabinet members sent mixed signals on whether tariff talks with China are underway, despite Trump's claims, fueling confusion as market instability and recession fears grow amid ongoing tensions between the world’s two largest economies.
A deadly explosion at Iran’s Bandar Abbas port has left at least 40 dead, with more than 1,200 people injured, state media reported on Sunday, halting operations at one of the country’s most vital trade hubs.
U.S. Secretary of State Marco Rubio urged for a swift peace agreement between Russia and Ukraine, as the Trump administration decides whether to continue mediation.
Saudi Arabia and Qatar have agreed to settle Syria's $15 million arrears with the World Bank, allowing the institution to resume grants for the country's reconstruction and support for its public sector.
U.S. and Philippine forces shot down drones with Stinger missiles during joint military drills in Zambales, aimed at testing readiness amid rising tensions with China over the South China Sea. Over 14,000 troops are participating in the Balikatan exercises, which run until May 9.
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