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20.12.2013 Azerbaijan Shah Deniz Partnership Awards Stage 2 Contracts

The Shah Deniz partnership has announced that it has awarded two major construction contracts for Stage 2 development of the Shah Deniz gas field in the Caspian Sea, according to a message from BP Azerbaijan, Trend reported on December 19.

19.12.2013 BP Says Gulf of Mexico Discovery Caps Best Exploration Year

BP Plc (BP/) said the Gila prospect in the Gulf of Mexico produced a “significant” discovery, capping the most successful year for exploration since 2004 for Europe’s second-biggest oil company, Bloomberg reported on December 18.

17.12.2013 Rights Activists Criticize UK for Azerbaijan Gas Pipeline Deal

The Foreign Secretary is in the capital of Baku on December 17 to sign a deal for the line which will feed into the Euro-Caspian Mega Pipeline and transport 16 billion cubic metres a year of offshore gas from Azerbaijan to southern Italy, The Independent has reported.

11.12.2013 Norway’s Statoil to Operate Joint Seismic Project

At the request of the Norwegian Ministry of Petroleum and Energy (MPE), the industry, via the Norwegian Oil and Gas Association, has taken the initiative to jointly acquire seismic 3D data from the blocks in the southeastern Barents Sea that will be announced in the 23rd

10.12.2013 BP Opens Labs in Azerbaijani University

BP on December 9 presented eleven world class laboratories to the Baku-based Qafqaz University, Trend has reported.

06.12.2013 Italian MPs Give Green Light to TAP Pipeline

On December 5 the Italian Parliament approved the ratification law on the tri-lateral Intergovernmental Agreement (IGA), following the signing of an IGA between Italy, Greece and Albania on the Trans Adriatic Pipeline (TAP) project on February 13, 2013, the news agency T

05.12.2013 Iran Invites Western Oil Firms Back

Iran on December 4 named seven Western oil companies it wants back in its vast oil and gas fields once international sanctions are lifted and said it would offer contract terms in April next year, Reuters reported on December 5.

04.12.2013 US Court Rules in BP Favor over Gulf of Mexico Oil Spill

Oil giant BP's attempts to limit claims over the 2010 Gulf of Mexico oil spill have been given a boost after a US appeals court ruled in its favour, BBC reported on December 3.

27.11.2013 India’s Reliance May Be Allowed to Increase Gas Price

Reliance Industries (RELI.NS) may be allowed to hike rates for its gas from April after it offered financial guarantees to the government to settle any claims against it over a shortfall in its gas output, the petroleum minister said, Reuters reported on November 26.

26.11.2013 Total to Start Production from New Project in Angola in 2014

France's Total will strengthen its position as top crude operator in Angola by starting production from a new project in the second quarter of 2014, that will raise output by 160,000 barrels per day, according to its country director, Reuters reported on November 25.