Energy - 2023
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By the end of January-September of this year, the United States sold to world markets oil worth $86 billion. Oil has become the country's main export commodity for the first time since 2009, accordi...
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Yesterday, Azerbaijani President Ilham Aliyev approved a new law "On Energy"; it comes into force from the date of publication. According to the law, it establishes the general legal, economic and man...
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bp has started drilling a production well from the ACE platform at the Azeri-Chirag-Guneshli (ACG) block of fields. According to bp, the operator of the ACG development project, on December 4, the...
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In the first half of 2023, SOCAR's revenues amounted to 42 billion 181 million manats, by 30.1% less than in the first 6 months of 2022, the company's consolidated financial report for the first half...
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French “TotalEnergies” and SOCAR have signed a cooperation agreement to conduct campaigns to detect and measure methane using drones.
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SOCAR and the German company “Uniper” have signed a cooperation program for 2024. According to SOCAR, the document was signed during the 8th meeting of the Coordination Committee in Berlin.
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SOCAR President Rovshan Najaf held a number of meetings within the framework of the 28th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28),...
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Baku Shipbuilding Plant LLC will produce a tanker for oil transportation by order of SOCAR (the State Oil Company of Azerbaijan.) According to SOCAR's published financial statements for the first half...
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Azerbaijan, together with international energy companies, plans to create about 19 GW of capacity for the production and export of "green" energy, hydrogen, and "green" ammonia in 2031-2037, stated A...
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A feasibility study of the project to create a "Green Energy Corridor Azerbaijan-Georgia-Romania-Hungary" (Black Sea Energy) is planned to be prepared by the end of 2024, the Ministry of Energy of Aze...
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By June 30, 2023, the level of gasification in Azerbaijan is 96.34%, the consolidated financial report of the State Oil Company of Azerbaijan (SOCAR) for the first half of 2023.
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Gas reserves in Europe's underground storage facilities have decreased below 95 percent, which is alarming in the region, according to the Gas Infrastructure Europe report. According to the report, th...
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At the COP28 Dubai climate conference, oil and gas companies signed a pact promising to stop methane emissions by 2030. At the same time, to the displeasure of the radical greens, the giants are absol...












