BP Does Not Need Additional Oil and Gas Resources in the US
British energy BP does not need new oil and gas resources in the United States, said company CEO Murray Ashinkloss, commenting on media reports about possible new projects in this region. On Monday, Reuters, citing sources, wrote that BP is considering the possibility of creating joint ventures to increase shale …
BP Group Withdraws from Senegal’s Largest Gas Project
According to Bloomberg, this will increase the share of participation of the African government Energy group BP is negotiating an exit from the Yaqar-Teranga gas field project offshore Senegal, which will increase the African government’s share of participation. Bloomberg reported this. The Yakaar-Teranga field was discovered in 2016, the first …
The Heads of Eni and BP Believe That the World Needs Investment in Oil and Gas Now
Eni CEO Claudio Descalzi said it is dangerous to talk about peak oil demand before 2030 Global demand for oil and gas remains, and talk about its peak occurring before 2030 is dangerous, as it will lead to a decrease in investment and rising prices, says Claudio Descalzi, head of …
Oil Majors Begin Exploration Renaissance – WoodMac
Oil and gas exploration spending is recovering from pandemic lows. Wood Mackenzie reports that after record profits in 2022, oil majors have more courage, and the ESG agenda in many countries has faded into the background amid the energy crisis. Britain’s Shell and BP and France’s TotalEnergies said this year …
BP and SOCAR Plan a New Stage of Exploration Work on the Shafag-Asiman Structure in the Caspian
BP has completed the interpretation of exploratory drilling data on the prospective Shafag-Asiman structure in the Azerbaijani sector of the Caspian Sea, BP-Azerbaijan told Interfax-Azerbaijan. “Analysis of the results of drilling the first exploratory well SAX01 and their interpretation were completed in the first half of this year. At present, …
Oil Production at ACG in the First Half of the Year was Carried out From 137 Wells
Oil production from the Azeri-Chirag-Guneshli (ACG) block in the first half of 2023 was carried out from 137 production wells, Interfax-Azerbaijan was told in the press service of the bp company (operator for the development of the Azeri-Chirag-Guneshli field block, ACG). “In January-June 2023, three oil producing and four water …
Contractors for bp Projects in Azerbaijan Increased the Volume of Completed Orders by 10% in the First Half of the Year
Contracting companies for bp projects in Azerbaijan in the first half of 2023 completed orders worth $718.5 million, which is 10% higher than in January-June 2022, the bp-Azerbaijan press service told Interfax-Azerbaijan. “Out of the indicated amount, 14 joint ventures completed orders for $356 million, $22.3 million – 18 state-owned …
BP to Send Topsides of New Platform at ACG Block to Sea in June
The dispatch to the sea of the topsides of the Central East Azeri platform at the Azeri-Chirag-Guneshli (ACG) block of fields is scheduled for June, Bakhtiyar Aslanbayli, BP Vice President for Communications and External Relations in the Caspian and Middle East region, said. “The upper blocks have already been loaded …
BP Expects to Complete Drilling of a New Exploration Well in Shah Deniz by 2024
By the end of 2023, BP plans to complete drilling of a new exploration well “SDX-8” at the Shah Deniz field in the Azerbaijani sector of the Caspian Sea. “This exploratory drilling program at Shah Deniz is designed for 12 months. The well is being drilled from the previously undeveloped …
Azerbaijan Expects to Start Gas Production from Deep Layers of ACG Field Block in 2024 – Ilham Aliyev
Gas production from deep-seated reservoirs (deep-gas) of the Azeri-Chirag-Guneshli (ACG) block of fields is planned by the end of 2024, Azerbaijani President Ilham Aliyev said. “If everything goes according to our plan, then by the end of next year we will have the first gas production (from deep-seated layers of …