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.
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.
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.
A mysterious collision between a U.S.-flagged chemical tanker carrying jet fuel for the U.S. military and a Portuguese-flagged container vessel unfolded off Britain’s coast on Tuesday morning, leaving both ships ablaze and prompting an urgent investigation into what went wrong
OpenAI on Tuesday introduced a suite of new developer tools designed to streamline the creation of advanced AI agents, signaling a strategic move amid intensifying competition from Chinese AI startups.
Mexico’s economy appears on track to contract in the first quarter, potentially plunging the country into a technical recession, as U.S. President Donald Trump’s fluctuating tariff policies disrupt growth that was already showing signs of weakness.
World leaders welcomed the 30-day ceasefire proposal that Ukraine has agreed to, calling it a step toward ending the conflict with Russia.
U.S. President Donald Trump reversed course on Tuesday, scaling back a planned 50% tariff on Canadian steel and aluminum just hours after announcing the sharp hike, following a retaliatory electricity surcharge threat from Ontario.
President Donald Trump is preparing a new travel ban that could block entry for people from Afghanistan and Pakistan as early as next week. The move is part of an intensified immigration crackdown.
Italy’s League party urges the government to favour Starlink over French-led Eutelsat for satellite communication systems, citing Starlink's technological edge. The push comes amid delays in the EU’s IRIS² program, as Italy seeks secure communication solutions for officials.
XPeng Motors plans to mass-produce flying cars by 2026, becoming the first company globally to do so. CEO He Xiaopeng also highlighted advancements in autonomous driving and humanoid robotics as part of the company’s future tech initiatives.
The Organization of Islamic Cooperation (OIC) is set to condemn Trump’s Gaza “Riviera” plan, backing Egypt’s $53 billion reconstruction proposal. A classified draft resolution, rejects the relocation of Gazans, calls for urgent international support, and mobilises opposition to the U.S. stance.
Belarusian President Aleksandr Lukashenko has appointed Aleksandr Turchin as the Prime Minister of Belarus, whose motto is "evolution without revolution".
Azerbaijan's Foreign Affairs Minister Jeyhum Bayramov has been received today by Kazakhstan's Deputy Prime Minister and Minister of Foreign Affairs, Murat Nurtleu.
President Ilham Aliyev of Azerbaijan and President Gordana Siljanovska-Davkova of North Macedonia gave press statements following their meeting, discussing bilateral relations and cooperation.
President Aliyev held a private meeting with North Macedonia’s President Siljanovska-Davkova.
President of the Republic of North Macedonia, Gordana Siljanovska Davkovahas, has arrived in Azerbaijan for an official visit.
A mysterious collision between a U.S.-flagged chemical tanker carrying jet fuel for the U.S. military and a Portuguese-flagged container vessel unfolded off Britain’s coast on Tuesday morning, leaving both ships ablaze and prompting an urgent investigation into what went wrong
OpenAI on Tuesday introduced a suite of new developer tools designed to streamline the creation of advanced AI agents, signaling a strategic move amid intensifying competition from Chinese AI startups.
Mexico’s economy appears on track to contract in the first quarter, potentially plunging the country into a technical recession, as U.S. President Donald Trump’s fluctuating tariff policies disrupt growth that was already showing signs of weakness.
World leaders welcomed the 30-day ceasefire proposal that Ukraine has agreed to, calling it a step toward ending the conflict with Russia.
U.S. President Donald Trump reversed course on Tuesday, scaling back a planned 50% tariff on Canadian steel and aluminum just hours after announcing the sharp hike, following a retaliatory electricity surcharge threat from Ontario.
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