Azerbaijan
BP shuts down production at offshore platform, Azerbaijan cuts off gas supplies to Bulgaria and Serbia
A pipeline malfunction has forced BP, the UK-headquartered energy giant, to temporarily stop production from a platform at one of the world’s largest gas-condensate fields and the company’s largest gas discovery ever.
Closing oil & gas chapters in Azerbaijan and Nigeria garners $2 billion for Equinor’s portfolio enhancement
Equinor has crossed the finish line for the divestment of its upstream assets in Azerbaijan and Nigeria, bringing a consideration of up to $2 billion to fuel the firm’s oil and gas portfolio optimization mission.
IMO: The need for clean fuels persists in all transport modes
Spanning all transport modes, there is a need for affordable green fuels and energy sources to achieve global decarbonization goals. Different transport modes can work together to boost the production of clean fuels, the International Maritime Organization’s (IMO) Secretary-General recently highligh
COP29 delivers hat trick with $1.3 trillion on the cards but lack of stronger mitigation and finance action seen as ‘betrayal’
COP29 has managed to reach a consensus on tripling climate finance while setting a new worldwide target to direct $1.3 trillion of climate finance to developing countries by 2030.
Carbon markets are a go but trillions at stake: Will ‘climate finance COP’ deliver the goods at the eleventh hour?
Given the trillion-dollar gap between the Global South’s demands and the Global North’s proposal for a new climate finance target, the 29th Conference of the Parties (COP29) has run into overtime in one last attempt at bridging the divide and finding common ground all parties can get behind. The cal
COP29 pledge unites global port industry to ensure climate resilience of ports
Multi-stakeholder initiative Resilience4Ports has launched the first sectoral, action-based commitment to enhance and accelerate the resilience of ports from the effects of climate change.
TotalEnergies, Shell, BP, and Equinor to assist in tackling energy access woes with $500M pledge
Four energy giants – France’s TotalEnergies, Norway’s Equinor, and the UK-headquartered Shell and BP – have confirmed their plans to pool resources to help support access to energy with a $500 million joint investment commitment.
New initiative launched at COP29 to accelerate uptake of zero-emission fuels by 2030
At the 2024 UN Climate Change Conference (COP29) in Baku, Azerbaijan, global industry leaders have committed to increasing the uptake of zero or near-zero GHG emission shipping fuels to at least 5%, striving for 10%, by 2030.
IMO ready for net-zero framework talks at COP29
The International Maritime Organization’s (IMO) Secretary-General Arsenio Dominguez will lead the specialized agency’s delegation to the annual UN Climate Change Conference (COP 29) to be held in Baku, Azerbaijan, from November 11 to 22, 2024.
TSO quartet moving forward with €3.5 billion subsea cable link between four countries to bring green energy to Europe
Four transmission system operators (TSOs) have pooled resources to create a joint venture (JV) company that will bring a subsea cable link between Azerbaijan, Romania, Georgia, and Hungary to life for a price tag of €3.5 billion, sending renewable electricity from the South Caucasus region straight
Subsea contract with BP takes Saipem to Azerbaijan
Italian oilfield services provider Saipem has signed a framework agreement with UK’s energy giant BP for the delivery of subsea services offshore Azerbaijan. The framework agreement, signed between BP Exploration (Caspian Sea) and a consortium composed of Saipem Contracting Netherlands, BOS Shelf an
BP restarts oil production at offshore platform in Azerbaijan ahead of schedule
BP has wrapped up planned maintenance works at one of the platforms at its giant oilfield in the Caspian Sea off the coast of Azerbaijan earlier than expected.