Vice-President for External Affairs of BP Company in Azerbaijan, Georgia and Turkey Bakhtiyar Aslanbeyli declared that BP Company intends to launch the drilling of the first well in promising structures in the shallow waters of Absheron Peninsula (SWAP) at the beginning of 2019.
read more... 07/05/2018
Oil prices fell on Monday following a higher U.S. drilling activity and due to worries related to increasing tensions in the Middle East after air strikes on Syria over the weekend. Brent futures lost $1.16, or 1.6%, to end at $71.42 a barrel. WTI crude slumped by 1.7% to $66.22 a barrel.
read more... 17/04/2018
Oil prices jumped on Friday, reinforcing after U.S. rig data suggested drilling in the United States would diminish.
read more... 06/11/2017
Oil prices changed slightly on Monday amid signs of a drop in U.S. drilling rates and as supply disruptions in Iraq dented exports out of OPEC's second-biggest producer.
read more... 24/10/2017
Oil prices were firm on Monday and stayed close to multi-month peaks hit late last week as the number of U.S. rigs drilling for new output fell and due to the restart of the refineries after Hurricane Harvey.
read more... 18/09/2017