Rosneft: Agrees with BP to Explore the Kharampurskoe and Festivalnoye Licence Areas
Rosneft and BP have agreed to develop subsoil resources within the Kharampurskoe and Festivalnoye licence areas of the Yamalo-Nenets Autonomous Okrug in northern Russia, with total geological reserves exceeding 880 bcm of gas. The project envisages the development of the traditional gas reserves of the Cenomanian deposit, pilot production and …
The Azerbaijan government and co-venturers sign amended and restated Azeri-Chirag-Deepwater Gunashli PSA
This press release is issued jointly by SOCAR and the co-venturers in the ACG PSA in Azerbaijan, including BP The Azerbaijan government and the State Oil Company of the Republic of Azerbaijan (SOCAR), together with BP, Chevron, INPEX, Statoil, ExxonMobil, TP, ITOCHU and ONGC Videsh today signed the amended and …
Energy Markets in Transition: BP Statistical Review Shows Long-Term Shifts Underway
Strong oil demand and weaker supply growth rebalance oil markets; inventories continue to weigh on oil prices Energy mix shifting; rising renewable energy offsetting steep falls in coal use Carbon emissions flat for third year, driven by weak energy demand and cleaner energy mix The 2017 edition of the BP Statistical …
Shah Deniz 2: Top Sides Set Sail
The Shah Deniz consortium are pleased to announce the sail away of the first topsides unit built for the Shah Deniz Stage 2 platforms. The official sail away ceremony, held in Baku today, was attended by H.E. President Ilham Aliyev of the Republic of Azerbaijan. The Quarters and Utilities (QU) …
BP Takes Leap Forward in Seismic Imaging Technology
Using new technique, BP finds significant additional resources in the Gulf of Mexico HOUSTON – BP today announced a major breakthrough in seismic imaging that has identified more than 200 million barrels of additional resources at BP’s Atlantis field in the deepwater Gulf of Mexico. As a result of this …
BP: Gary Jones Appointed as Regional President for Azerbaijan, Georgia and Turkey
BP announced today the appointment of Gary Jones as the new regional president for Azerbaijan, Georgia and Turkey (AGT), with effect from April 2. Jones will be based in Baku, Azerbaijan, said BP in a message March 13. He is currently BP’s global head of drilling, completions and wells. “Gary …
BP: Getting Back To Growth
BP today updates the financial community on details of its strategy and, in particular, medium-term plans for the next five years, based on oil prices similar to where they are today. Following a presentation today in London, BP management teams will this week travel to London, Edinburgh, New York, Dallas, …
SOCAR and BP-operated AIOC Sign Principles of Agreement on Future Development of the ACG Oil Field in Azerbaijan to 2050
Agreement will lead to further significant investment Current production from ACG is circa 620,000 barrels of oil equivalent per day Will create significant jobs in the years ahead BP will lead the partnership SOCAR (the State Oil Company of the Republic of Azerbaijan) and AIOC (the Azerbaijan International Operating …
RDCR – Announces the Advisory Board
The RDCR is pleased to announce the following advisory board for the 2017 RDCR, Drilling and Completions Roundtable. The advisory board will lend their support and technical expertise to guide and direct the direction of the sessions and discussions. We are very grateful to have their input into the event. …
Rosneft and BP Russia: Sign Collaborative Agreement with Schlumberger on Seismic Research and Development
Rosneft, BP and Schlumberger today announced agreements for collaboration on seismic research and development. The agreements were signed at the Eastern Economic Forum (EEF) in Vladivostok, Russia, by Rosneft CEO Igor Sechin and President of BP Russia David Campbell. Schlumberger was represented by President for Russia and Central Asia Gokhan …