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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BP has announced that a seismic survey programme for the Ashrafi–Dan Ulduzu–Aypara (ADUA) project in the Azerbaijani sector of the Caspian Sea will be carried out between February and April next year, according to Report.
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.
Tensions between the U.S. and Iran are escalating, with Washington ordering a significant military build-up in the region and multiple countries evacuating diplomatic staff amid fears of further instability.
The death toll from heavy rains and flooding in Brazil’s Minas Gerais state has risen to 46, authorities said, with 21 people still reported missing. The storms triggered landslides and widespread flooding, displacing thousands across Juiz de Fora and Uba.
The situation in Cuba was heating up and called for restraint following a deadly incident involving a Florida-registered speedboat off the coast of the Caribbean island, the Kremlin said on Thursday (26 February).
Venezuela’s Attorney General Tarek William Saab and Ombudsman Alfredo Ruiz tendered their resignations to the National Assembly on Wednesday. Neither official has publicly provided reasons for stepping down.
Pakistani air strikes hit a weapons depot on the western outskirts of Kabul overnight, triggering hours of secondary explosions that rattled homes across the Afghan capital and left residents fearing further violence.
Abdullah Öcalan, the jailed leader of the outlawed Kurdistan Workers’ Party (PKK), issued a statement on Friday (27 February) calling on Ankara to adopt legislation aimed at promoting political inclusion.
Pakistani air strikes hit a weapons depot on the western outskirts of Kabul overnight, triggering hours of secondary explosions that rattled homes across the Afghan capital and left residents fearing further violence.
Pakistan’s declaration of an “open war” with Afghanistan must be understood in the context of months of escalating violence, regional analysts have said, describing the latest developments as a significant shift in the nature of the conflict.
Israeli strikes killed five people in Gaza on Thursday (26 February), according to health officials in the territory. The Israeli military said separately that it had killed a militant who posed an imminent threat to its forces in southern Gaza.
Iran’s Foreign Minister Abbas Araghchi on Friday urged Afghanistan and Pakistan to resolve their differences through dialogue, offering Tehran’s assistance to facilitate understanding between its eastern neighbours.
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