Why developing nations are rejecting the $300bn COP29 climate deal
The recently concluded COP29 summit in Baku, Azerbaijan, saw a landmark decision to allocate $300 billion annually to assist developing nations in combating the adverse ... Read More
Masdar, SOCAR Green, and ACWA Power sign MoU for 3.5GW offshore wind projects in Azerbaijan
Abu Dhabi-based clean energy giant Masdar, SOCAR Green, and Saudi-listed ACWA Power have signed a Memorandum of Understanding (MoU) to develop 3.5 gigawatts (GW) of ... Read More
bp and ONGC Videsh sign gas deal to unlock massive reserves in Azerbaijan’s ACG field
Azerbaijan's ACG field is on the cusp of a significant transformation following the signing of a Non-Associated Gas (NAG) agreement. A consortium of energy giants, ... Read More
MVM Group to acquire stake in Azerbaijan’s Shah Deniz field from Southern Gas Corridor
MVM Group, a Hungarian energy company, has entered into an agreement to purchase a 5% stake in the Shah Deniz gas-condensate field located offshore Azerbaijan ... Read More
Masdar and SOCAR launch 1GW renewable energy projects in Azerbaijan
Abu Dhabi Future Energy Company PJSC – Masdar, a leader in the UAE's renewable energy sector, and the State Oil Company of Azerbaijan Republic (SOCAR), ... Read More
bp launches oil production from Azeri Central East platform in Caspian Sea
bp, as the operator of the Azeri-Chirag-Gunashli (ACG) project, has announced the commencement of oil production from the Azeri Central East (ACE) platform, marking a ... Read More
Anglo Asian Mining announces major copper discovery at Xarxar deposit, Azerbaijan
Anglo Asian Mining plc, a prominent AIM-listed gold, copper, and silver producer with operations in Azerbaijan, recently unveiled the completion of its maiden JORC (2012) ... Read More
UAE’s Masdar and Azerbaijan embark on 1GW clean energy projects
Abu Dhabi Future Energy Company (Masdar), a major force in the global clean energy sector from the UAE, has inked pivotal agreements to develop solar ... Read More
Absheron Gas Field : ADNOC, SOCAR, and TotalEnergies announce strategic transaction
The Abu Dhabi National Oil Company (ADNOC) is set to acquire a 30% equity stake in the producing Absheron gas and condensate field located in ... Read More
TotalEnergies, SOCAR commence production from Absheron field in Caspian Sea
TotalEnergies and its partner, the State Oil Company of the Republic of Azerbaijan (SOCAR), have announced the commencement of production from the first phase of ... Read More