List of countries that consume most of all energy per capita

Chevron's net profit for Q2 declined by 26%

Chevron Corp., one of the largest U.S. oil companies, recorded a sharp decline in net profit and moderate revenue growth in the 2nd quarter of 2024, while revenue exceeded market forecasts and adjusted profit fell short of expectations.

Iraq signs a memorandum of understanding with BP

The Iraqi Oil Ministry and British energy company BP have signed a memorandum of understanding on development of oil and gas fields in Kirkuk province in northern Iraq.

SOCAR starts supplying gas to Slovenia

From August 1, 2024, the State Oil Company of Azerbaijan (SOCAR) started supplying gas to Slovenia.

Oil price goes up after falling the day before, Brent - $79.99 per barrel

Prices for oil of benchmark grades are rising in Friday’s trading after a sharp decline the day before.

Number of BP employees of Azerbaijani citizens has increased

As of July 1, BP-Azerbaijan employed 2,386 Azerbaijani citizens, including employees working on fixed-term contracts (37 people or 1.5% more than a year earlier).

BP's expenses on Azerbaijan-Georgia-Türkiye region announced

110 million barrels of oil and condensate shipped from Sangachal terminal in 6 months

In the 1st half of the year, oil and gas continued to be shipped from the Azeri-Chirag-Guneshli (ACG) and Shah Deniz fields via underwater pipelines to Sangachal terminal.

576 million tons of oil transported via BTC

In the 1st half of 2024, operating expenses on Baku-Tbilisi-Ceyhan (BTC) oil pipeline amounted to about $70.5 million and capital expenditures — $17.7 million, ABC.AZ informs, referring to BP's report on activities in Azerbaijan following the 1st half of 2024.

Expenses on Shah Deniz grew by 2.6%

In the 1st half of 2024, operating costs on Shah Deniz amounted to approx. $1.251 million, and operating costs - close to $407 million, ABC.AZ informs, referring to BP's reports on activities in Azerbaijan following the 1st half of 2024.

1.2 bcm of associated gas extracted from ACG for Jan-Jun

61 million barrels of oil produced from ACG in 6 months

Oil production at field block Azeri-Chirag-Guneshli (ACG) in the 1st half of 2024 totaled approx. 61 million barrels (8 million tons).

Data unveiled on finances spent on ACG for Jan-Jun 2024

In the first 6 months of 2024, about $243 million in operating expenses and more than $698 million in capital expenditures were spent on filed block Azeri-Chirag-Guneshli (ACG).

Since early 2024, over 6.5 bcm transported by TAP

Since the beginning of 2024, over 6.53 bcm of gas have been transported to Europe via the Trans-Adriatic Gas Pipeline (TAP).

Kazakhstan plans to increase gas production

The Ministry of Energy of Kazakhstan has announced plans to significantly increase gas production in the country.

Oil price goes up, Brent - $81.48 a barrel

Prices for oil of benchmark grades are increasing in Thursday’s trading after a jump in the last session amid rising tensions in the Middle East.

How will increase in fuel prices affect inflation?

The direct and indirect additional impact of the increase in regulated prices on the inflation forecast is expected to be 1.5 percentage points, of which 1 p.p. is projected in 2024.

Oil price goes up, and Brent - $79.93 a barrel

Prices for oil of benchmark grades are increasing in Wednesday’s trading after decline at the end of the last session.

STAR refinery reduced production of diesel fuel

In May 2024, Türkiye-based SOCAR refinery STAR produced 444,122 tons of diesel fuel. And in May 2023, this figure was 590,643 tons, ABC.AZ reports, referring to the Turkish Energy Markets Regulatory Authority (EPDK).

SOCAR signs Memo of Understanding with Italian company

The State Oil Company of Azerbaijan (SOCAR) has signed the Memorandum of Understanding for Cooperation in Energy Projects and Energy Transition Initiatives with Italian company Eni S.p.A.

A pilot solar power plant on Lake Boyukshor commissioned