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

Baku's oil production surpassed that of the United States. By 1901, the region accounted for half of the world's oil output, ...

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

Azerbaijan's SOCAR along with Israel's NewMed Energy and British oil and gas company BP win natural gas exploration licenses ...

But hurdles remain. Azerbaijan also said Armenia’s constitution must “eliminate the claims against the sovereignty and ...

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 ...

Argentina's Vaca Muerta shale formation is driving significant oil production growth, positioning the country as a top South ...

BAKU, Azerbaijan, March 8. The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta grew on March 8 by $1.89 (2.62 percent) compared to the previous rate ...

Fatih Birol, the director of the Paris-based International Energy Agency, said on Monday there is a need for investment in ...

Apache Corp and Total SA announced they had made a major oil discovery in a closely watched area off the coast of South America’s Suriname, sending Apache’s shares surging nearly 27%.