Latest news
BP ready to launch drilling operations of the first well in shallow waters of Absheron Peninsula
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
Statoil begins construction works on Norway’s biggest oil line
Statoil made known on Monday that Italy’s Saipem has commenced operations to install Norway’s biggest crude oil pipeline, part of the Johan Sverdrup offshore expansion.
read more... 03/05/2018
Iran wants to form common oil company with Azerbaijan
Iran wishes to create a joint oil firm together with Azerbaijan. Amir Hossein Zamaninia, the Islamic Republic’s Deputy Oil Minister for International and Commercial revealed that the company will be formed within the framework of an agreement recently inked between the two parties.
read more... 30/04/2018
LNG demand in Asia is most likely to absorb supply
A decline in liquefied natural gas (LNG) price was expected as new projects coming online boost supply.
read more... 27/04/2018
BP and Petrobras ink exploration MoU
BP and Petrobras have inked a Memorandum of Understanding (MoU) to explore a huge diversity of joint projects, both in Brazil and around the rest of the world.
read more... 17/04/2018