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 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.
BP announced on Thursday, January 16, that it will reduce its global workforce by over 5%
Reports of a two-month halt in Azerbaijani gas supplies to Serbia are false. Despite a technical issue at Shah Deniz Alpha, Shah Deniz Bravo ensures steady exports, with supplies set to resume soon. BP confirms no damage or environmental impact.
A deadly explosion at a chemical fiber plant in Hsinchu County early this morning has resulted in two fatalities and 19 injuries. The blast, believed to have been triggered by a gas leak, occurred at the Far Eastern New Century Corp plant in Sinpu Township around 3 a.m
A major fire erupted near Istanbul’s historic Spice Bazaar in the Eminonu district on Thursday, quickly spreading to nearby buildings. Emergency teams, including firefighters and medical personnel, were dispatched to control the blaze and ensure public safety.
DeepSeek has temporarily suspended API service top-ups, a platform that allows developers of other models to integrate its AI models, due to server resource constraints, its website showed Thursday.
Impeached South Korean President Yoon Suk Yeol appeared at the Constitutional Court on Thursday for the sixth hearing in his impeachment case. The court will decide whether to permanently remove him from office or reinstate him.
Kazakhstan's Ministry of Transport has released the preliminary report on the investigation on Azerbaijan Airlines's flight J2-8243's tragic crash. Read excerpts from the report and watch AnewZ's complete coverage.
The U.S. has officially entered a new trade war. President Donald Trump has slapped 25% tariffs on imports from Canada and Mexico and 10% on China, citing immigration and drug trafficking concerns. The move has immediate consequences for businesses and consumers—so what happens next?
Over a hundred demonstrators gathered in Atlantic City, New Jersey, on Monday, rallying in support of the Immigrant Trust Act. The proposed legislation aims to protect immigrants from deportation and expand their access to public services.
A major fire erupted near Istanbul’s historic Spice Bazaar in the Eminonu district on Thursday, quickly spreading to nearby buildings. Emergency teams, including firefighters and medical personnel, were dispatched to control the blaze and ensure public safety.
Azerbaijan has halted activities of “Russian House” in Baku according to local media reports on Thursday, following accusations of espionage. This is being described as an escalation of tensions between the two countries.
Two years after a 7.8-magnitude earthquake devastated southeastern Türkiye, killing over 55,000 people, rebuilding efforts remain incomplete, with hundreds of thousands still living in temporary housing.
Azerbaijani President Ilham Aliyev has signed a decree today instructing a delivery of power producing equipment to Ukraine, “in response to the current situation” in the country.
A deadly explosion at a chemical fiber plant in Hsinchu County early this morning has resulted in two fatalities and 19 injuries. The blast, believed to have been triggered by a gas leak, occurred at the Far Eastern New Century Corp plant in Sinpu Township around 3 a.m
A major fire erupted near Istanbul’s historic Spice Bazaar in the Eminonu district on Thursday, quickly spreading to nearby buildings. Emergency teams, including firefighters and medical personnel, were dispatched to control the blaze and ensure public safety.
DeepSeek has temporarily suspended API service top-ups, a platform that allows developers of other models to integrate its AI models, due to server resource constraints, its website showed Thursday.
Impeached South Korean President Yoon Suk Yeol appeared at the Constitutional Court on Thursday for the sixth hearing in his impeachment case. The court will decide whether to permanently remove him from office or reinstate him.
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