BP is considering increasing its investments in the Azerbaijani sector of the Caspian Sea, according to Russell Morris, BP's Vice President for Wells in the Azerbaijan-Georgia-Türkiye (AGT) region.
Speaking at the IADC Drilling Caspian 2025 exhibition-conference in Baku, Morris emphasized the company's continued commitment to project development in the Caspian Sea while maintaining a strong operational pace.
He noted that while production from the ACG block of fields is naturally declining, the Shah Deniz facilities remain fully operational. Additionally, BP is planning new projects that will create further investment opportunities in Azerbaijan’s Caspian region.
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Shell has denied reports that it is in talks to acquire BP in a historic £60 billion deal, despite ongoing market speculation about a potential merger between the two oil giants.
bp, in collaboration with its partners, has signed a series of agreements to strengthen and expand its significant oil and gas interests in 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.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
French member of parliament Olivier Marleix was found dead at his home on Monday, with suicide being considered a possible cause.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
President Tayyip Erdogan declared on Saturday that an historic turning point had been reached in Türkiye’s four-decade conflict with the Kurdistan Workers Party after 30 militants burned their weapons in northern Iraq.
The working visit of the Transitional President of the Syrian Arab Republic, Ahmad Al Sharaa, to the Republic of Azerbaijan concluded on July 12.
On July 12, Syrian Arab Republic’s Transitional President Ahmad Al-Sharaa visited the Alley of Honor in Baku as part of his official trip to Azerbaijan.
A Memorandum of Understanding (MoU) was signed on July 12 between the State Oil Company of the Republic of Azerbaijan (SOCAR) and the Government of the Syrian Arab Republic, during the working visit of Syria’s Transitional President Ahmad Al-Sharaa to Azerbaijan.
Kazakhstan's Ministry of Transport and Afghanistan's Ministry of Public Works have reached an agreement on the construction of a new railway line to connect Central Asia and South Asia, which will increase the efficiency of the North-South corridor.
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