Tag Archives: British Petroleum Co. (BP)

The volume of gas transportation through TANAP reached 1 billion cubic meters as of 2018.

Dudley believes the oil market is tightening up.

Under the Agreement. ENI and BP hold 50% each with Eni acting as operator during the exploration phase.

The expected investment of US$175 million will be funded by the JV.

BP is targeting the Shafag-Asiman area. which could be a similar size to Shah Deniz 2.

BP and Shell hold equal stakes in the Manuel discovery.

SOCAR also plans to purchase Turkish assets of the German energy giant EWE.

The country expects its total oil output to hold steady over the full year.

The gas being exported out will likely fetch higher prices right now in Europe and Asia.

Sixteen companies. including five majors. have submitted 60 applications for the five acreages on offer in Ghana’s first licencing round.