ONGC Videsh, together with the State Oil Company of Azerbaijan (SOCAR), bp, MOL, INPEX, Equinor, ExxonMobil, TPAO, and ITOCHU, have signed an addendum to the existing Production Sharing Agreement (PSA ...

ONGC Videsh, together with the State Oil Company of the Azerbaijan (SOCAR), bp, MOL, INPEX, Equinor, ExxonMobil, TPAO, and ...

BP and the State Oil Company of Azerbaijan Republic SOCAR signed a memorandum of understanding MOU on Friday to formalize BP intention of joining ...

Russian oil-product exports rebounded in the first half of this month, driven by a recovery in diesel and fuel oil shipments ...

On September 20, 1994, at the Gulustan Palace in Baku, an agreement known as the "Contract of the Century" was signed, named ...

The Biden administration will seek up to 6 million barrels of oil for the Strategic Petroleum Reserve, a source familiar with ...

Azeri-Chirag-Gunashli is celebrating its 30th anniversary in 2024. On this greatly achieved landmark, Azernews presents a ...

Flames soar into the air from a sandstone outcrop on a hillside of the Absheron peninsula near Baku, the capital of ...

Libyan crude exports reached about 550,000 barrels per day last week, a three-fold increase on the previous week, according ...

BP will remain the controlling shareholder of BP Pipelines TAP Limited upon completion. The transaction is expected to close in Q4 2024, subject to regulatory and partner approvals.

Mercedes pair George Russell and Lewis Hamilton had contrasting fortunes during Friday’s free practice sessions for the ...

Natural gas produced from the Umid field will flow to domestic market, freeing gas from other developments for export to ...