BP plans to explore for new oil fields in the Azeri Caspian Sea, BP's upstream chief Gordon Birrell told Reuters.

British company bp is planning to explore new oil fields in the Azerbaijani sector of the Caspian Sea, Azernews reports.

BAKU, Azerbaijan, March 14.​ Chairman of the Board of the Azerbaijani Caspian Sea Shipping Company (ASCO) Rauf Valiyev has ...

A project to process associated gas from the huge Kashagan offshore oilfield must come online before the end of 2026 despite ...

Azerbaijan and Georgia are leading an effort to secure EU support for a Black Sea power line that would enable the export of electricity, including renewable energy, from the Caspian Basin to EU ...

Italian major decides not to proceed with a second exploration well in 2026, owner of vessel chartered for project announces ...

Since 2006, the sea has become almost two meters shallower, and by the end of the century, it is predicted to fall by another 8–18 meters.

But a proposed increase from 1.4 million tons to 2.2 million tons is just a drop in the bucket compared to the volumes ...

Despite political tensions, both Azerbaijan and Russia are actively pursuing increased trade and connectivity in the Caspian Sea region. Azerbaijani leaders are still seething over Russia’s ...

Oil majors operating the Kashagan oil field received favorable arbitration rulings in multibillion-dollar disputes with ...

Kazakhstan's oil exports are on schedule via its main oil export route, the Caspian Pipeline Consortium (CPC), the country's energy minister said on Wednesday, despite damage to a pumping station from ...