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.
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.
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.
Armenia has confirmed it will not approve or contribute to the CSTO’s 2024 budget, effectively withdrawing from funding the bloc’s operations. This decision follows ongoing tensions, with PM Pashinyan previously labeling the alliance a “security threat” to Armenia.
U.S. President Donald Trump announced on Sunday that his upcoming reciprocal tariffs will apply to all nations, rather than just targeting the 10 to 15 countries with the largest trade imbalances. Trump plans to unveil the tariff package on Wednesday, calling it “Liberation Day.”
U.S. President Donald Trump said on Sunday that Ukrainian President Volodymyr Zelenskyy is attempting to back out of a critical minerals deal, warning that such a move would bring serious repercussions.
Royal Australian Air Force (RAAF) pilots, monitoring a Chinese navy warship as it navigated Australian waters, were alerted to a live-fire exercise via a civilian radio broadcast, defense officials revealed on Tuesday.
A powerful 7.7-magnitude earthquake struck Myanmar’s Sagaing region, followed by a 6.4-magnitude tremor, killing more than 1,700 people and leaving 3,400 injured. The quake caused building collapses in Myanmar and Thailand, prompting emergency declarations and ongoing rescue efforts.
As the world shifts toward clean energy at an ever-accelerating pace, large economies are scrambling to secure reliable supply chains for rare earth minerals. These minerals, once seen as mere industrial components, have become a political tool in the global power struggle
Russian forces carried out a drone attack on Ukraine’s second-largest city, Kharkiv, late Wednesday, injuring at least twenty one people and causing structural damage, according to Ukrainian officials.
Armenia has confirmed it will not approve or contribute to the CSTO’s 2024 budget, effectively withdrawing from funding the bloc’s operations. This decision follows ongoing tensions, with PM Pashinyan previously labeling the alliance a “security threat” to Armenia.
The Armenian armed forces attempted three reconnaissance drone flights over Azerbaijan Army positions near Gerenzur, but all were successfully intercepted. Meanwhile, Armenian units repeatedly fired on Azerbaijani positions from multiple regions, escalating tensions in the area.
Syrian President Ahmed al-Sharaa announced a transitional government on Saturday, marking a key milestone in the country’s shift away from decades of Assad family rule and aimed at improving Syria's relations with the West.
Armenia has confirmed it will not approve or contribute to the CSTO’s 2024 budget, effectively withdrawing from funding the bloc’s operations. This decision follows ongoing tensions, with PM Pashinyan previously labeling the alliance a “security threat” to Armenia.
U.S. President Donald Trump announced on Sunday that his upcoming reciprocal tariffs will apply to all nations, rather than just targeting the 10 to 15 countries with the largest trade imbalances. Trump plans to unveil the tariff package on Wednesday, calling it “Liberation Day.”
U.S. President Donald Trump said on Sunday that Ukrainian President Volodymyr Zelenskyy is attempting to back out of a critical minerals deal, warning that such a move would bring serious repercussions.
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