BP, Socar Gatecrash Lukoil's Caspian Party

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Jonathan Weiss/Shutterstock

BP and Azerbaijan’s state oil company Socar will both increase their shareholdings in the giant Shah Deniz gas development in the Caspian Sea after agreeing to buy part of Petronas’ 15.5% stake in the project.

Offshore Oil and Gas, Corporate Strategy , M&A
Wanda Ad #2 (article footer)
Oil prices settled modestly lower after rising $1/bbl and falling $1/bbl earlier in the session as the market weighed divergent developments.
Thu, Sep 21, 2023
Despite the challenges, TotalEnergies and Equinor see enough promise in Brazil's offshore wind sector to join Petrobras in pursuing investment opportunities.
Thu, Sep 21, 2023
International oil companies are stepping back into Libya, but stability and policy concerns remain.
Tue, Sep 19, 2023