LONDON (MarketWatch) -- Engineering group Amec said Tuesday that, as part of the Amec Tekfen Azfen consortium, it has been awarded a five-year master services agreement by BP Azerbaijan. The deal ...

For the Aliyevs, it has been a lucrative relationship. As of 2021, the BP field accounted for 95% of Azerbaijan’s oil exports. That translates into well over $10 billion annually, ...

BP said Friday it is sanctioning a $6 billion oil platform project offshore of Azerbaijan in the Caspian Sea. The new Azeri Central East project is part of the giant Azeri-Chirag-Deepwater ...

Oil production at the Azeri-Chirag-Gunashli field block operated by BP in Azerbaijan fell to 13.5 million metric tons in January-September 2023 from 15 million metric tons in the first nine months ...

BP has also introduced a new partner to expedite exploration activities on a third licence. For more than three decades, the energy giant has played a pivotal role in Azerbaijan's oil and gas sector.

UK supermajor BP has appointed a new regional president for Azerbaijan, Georgia and Turkey, with Giovanni Cristofoli scheduled to succeed Gary Jones from 1 October. Jones has headed BP's business in ...

The question of whether or not BP smoothed Aliyev’s ascent to power is ‘a bit of a red herring’, says James Marriott of the campaign organisation Platform, co-author with Mika Minio-Paluello of The ...

BP has requested that its reply be treated as a private communication. The EITI board is expected to discuss Azerbaijan and decide how to respond at the next board meeting, October 14-15, in ...

BP's confirmation that gas from the new reserves won't be re-injected means that the new gas will also be piped onshore and so could be used to boost Azerbaijan's exports to Europe. Despite ...

BP plc BP, a global leader in the energy sector, has announced the commencement of oil production from its latest offshore platform, Azeri Central East (“ACE”), located offshore Azerbaijan.

BP has been a key player in Azerbaijan's oil and gas industry for more than 30 years. Credit: Igor Hotinsky/Shutterstock. · Offshore Technology · Igor Hotinsky/Shutterstock.