By Cavid Aga in Ankara BP has deepened its presence in Azerbaijan’s offshore oil and gas sector with two major moves: ...

BP, leading the consortium that owns the Shah Deniz gas field in the Azeri Caspian Sea, announced a $2.9 billion investment decision on Tuesday to increase the project’s production capacity. In a ...

Baku hopes reserves at the Umid and Babek fields may eventually rival the country's largest offshore gas asset, the ...

Nazrin Abdul Read more The European Bank for Reconstruction and Development (EBRD) has emphasised Azerbaijan's favourable ...

The Bank notes that in addition to its export potential, domestic consumption of hydrogen presents a strategic opportunity ...

The move paves the way for growth and further production while strengthening BP’s collaboration with the country and state oil company SOCAR.

Energy News // 6 years ago Shah Deniz sets cornerstone for European energy security The start of the second phase of the Shah Deniz gas field off the coast of Azerbaijan sets a cornerstone for ...

The BP Plc-led Shah Deniz 2 natural gas project will cost $28 billion, up from the previous estimate of $25 billion, Trend news service said today, citing State Oil Co. of Azerbaijan President ...

BAKU, July 6 (Reuters) - Azeri Shah Deniz giant offshore field is set to near its plateau gas production goal by starting up the East South deep-water flank, project leader BP (BP.L), opens new ...

Shah Deniz 2 will endow Azerbaijan with a new role, that of a European gas actor, which can not only introduce a new supply route, but perhaps contribute to the redrafting of Europe’s existing ...