First oil has been extracted from an offshore platform operated by BP in the Caspian Sea. The West Chirag platform (pictured) is part of the Azeri-Chirag-Gunashli (ACG) field – which has produced more than 2.3 billion barrels of oil so far – and the overall Chirag Oil Project (COP). The oil capacity of the new […]

Energy giant BP and its partners have signed a long-term agreement to supply 10 billion cubic metres of gas a year (bcma) from a field in the Caspian Sea. Located offshore Azerbaijan, the Shah Deniz gas field’s (pictured, during construction) shareholders include the country’s state-owned SOCAR, France’s Total and Norway’s Statoil. They are working on […]