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.
U.S. President Donald Trump said the U.S. was talking to the right people in Iran to make a deal on Tuesday (24 March), as Pakistan's Prime Minister offered to host peace talks between the two countries to bring about an end to the conflict.
Afghan authorities say Pakistani jets entered northern Afghanistan, while Pakistan insists its actions target terrorism, highlighting continued strain after a temporary Eid ceasefire ended.
As conflict continues to unsettle the Middle East, airlines are being forced to make difficult, fast-moving decisions - redrawing flight paths and searching for safe skies. Amid this uncertainty, Azerbaijan has emerged as a crucial gateway linking Europe and Asia.
Both the United States and Iran are giving conflicting messages about trying to end the conflict in the Middle East, meanwhile Pakistan has offered to be a mediator and a reported 15 point plan has been sent to Tehran. Welcome to AnewZ's coverage of the tensions in the Middle East.
FinaFinal results from Slovenia’s parliamentary elections indicate a near tie between the Slovenian Democratic Party (SDS) and the liberal Freedom Movement Slovenia (GS), leaving neither side with a clear path to power.
Israel struck the Iranian capital Tehran on Wednesday, Israeli military and Iranian media said, as President Donald Trump announced that the U.S. is making progress in its efforts to negotiate an end to the war, with reports of a 15-point plan sent to Tehran.
Both the United States and Iran are giving conflicting messages about trying to end the conflict in the Middle East, meanwhile Pakistan has offered to be a mediator and a reported 15 point plan has been sent to Tehran. Welcome to AnewZ's coverage of the tensions in the Middle East.
Pakistan offered to host talks between Iran and the U.S. to bring about an end to the Middle East conflict on Tuesday (24 March), as U.S. President Donald Trump repeated that Washington was speaking to Tehran, despite the White House downplaying earlier comments by Trump saying the same thing.
Türkiye is pursuing a cautious approach to the escalating Middle East conflict while maintaining regional ties, President Recep Tayyip Erdoğan said on Tuesday, warning against actions that could deepen instability.
Traders placed more than $500 million in oil bets minutes before Donald Trump announced a delay to planned strikes on Iran, data shows, shortly before prices plunged.
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