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.
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.
At least 31 people have died near a southern Gaza aid distribution site, with conflicting accounts from Palestinian officials, the Israeli military, and aid groups over what caused the bloodshed.
A fire at a hospital in Hamburg has left at least three people dead and more than 35 injured, as police investigate a 72-year-old patient in connection with the blaze.
At least 21 athletes have died after their bus veered off a bridge in Kano while returning from a national sports event.
McLaren's Australian driver Oscar Piastri won the Spanish Grand Prix, marking his fifth victory of the 2025 Formula 1 season.
The death toll from a quarry collapse in Indonesia’s West Java province rose to 19, with six people still missing, officials said on Sunday.
On May 28, the inauguration ceremony of Lachin International Airport was held.
A car drove into crowds of Liverpool fans celebrating the club’s Premier League title in the city centre on Monday evening, injuring dozens including 4 children. A 53-year-old man believed to be the driver was arrested at the scene.
Taxi drivers across France are protesting government plans to cut payments for driving patients to medical appointments. These cuts are part of a broader effort by Prime Minister François Bayrou to save €40 billion in the 2026 budget and reduce the country’s large deficit.
EU ministers have greenlit a massive €150 billion defense investment fund—dubbed the Security Action for Europe (SAFE)—as the bloc ramps up its military readiness in response to Russia’s aggression and growing uncertainty over U.S. security guarantees.
Brazil’s economy is expected to have regained momentum in the first quarter of 2025, driven by a surge in household spending and private investment, according to a Reuters poll of economists conducted from May 21–26.
Indonesian rescuers are continuing their efforts to locate eight people still missing after a quarry collapse in West Java left at least 17 dead and six injured, with authorities warning of ongoing landslide risks.
Iran’s Foreign Minister Abbas Araqchi spoke by phone with IAEA Director Rafael Mariano Grossi, warning that any political actions against Iran at next week’s Board of Governors meeting would have consequences.
Iran said on Saturday that it has officially received a new nuclear deal proposal from U.S. President Donald Trump, delivered by Oman during a diplomatic visit to Tehran.
Hamas said on Saturday it had officially responded to a ceasefire plan put forward by U.S. envoy Steve Witkoff, who represents President Donald Trump in Middle East diplomacy. The group said its reply includes a key demand: a complete end to the war.
Saudi Arabia and Qatar will provide joint financial support for Syrian state employees, Saudi Foreign Minister Prince Faisal bin Farhan announced during a visit to Damascus, as regional efforts to support Syria’s reconstruction gain momentum.
At least 31 people have died near a southern Gaza aid distribution site, with conflicting accounts from Palestinian officials, the Israeli military, and aid groups over what caused the bloodshed.
A fire at a hospital in Hamburg has left at least three people dead and more than 35 injured, as police investigate a 72-year-old patient in connection with the blaze.
At least 21 athletes have died after their bus veered off a bridge in Kano while returning from a national sports event.
McLaren's Australian driver Oscar Piastri won the Spanish Grand Prix, marking his fifth victory of the 2025 Formula 1 season.
The death toll from a quarry collapse in Indonesia’s West Java province rose to 19, with six people still missing, officials said on Sunday.
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