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
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
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
Shah-Deniz gas project : Lukoil wraps up $1.45bn deal to increase stake by 10%
PJSC Lukoil has wrapped up the previously announced $1.45 billion acquisition of an additional 9.99% stake in the Shah-Deniz gas project, offshore Azerbaijan from Petronas. ... Read More
Expro bags 4-yr contract extension from BP for Shah Deniz Stage 2 project
UK-based oilfield services company Expro has secured a four-year contract extension from BP for the $28 billion Shah Deniz Stage 2 project offshore Azerbaijan as ... Read More