BP

The agreement allows BP to maintain control over its stake in the TANAP pipeline, which transports gas from the Caspian Sea to Europe through Turkey, while unlocking nearly $1 billion in capital as part of its divestment program.

The supermajor is making a major course correction as it plans to slash renewable investment and focus more on oil and gas development.

Updates about global exploration and production activities and developments.

In a deal described as possibly "one of the most important transactions BP has done in 20 years" by CEO Murray Auchincloss, the company has agreed contractual terms with the Iraqi government to invest in drilling and infrastructure to rehabilitate and boost production at the Kirkuk oil field.

The Tiber FPU is expected to follow the Kaskida hub currently being built in Singapore.

International majors showing new interest in Iraq as China scoops blocks in Baghdad’s most recent bid rounds.

By boosting gas supplies to Egypt’s home market, Cairo can return its focus to developing an LNG export hub.

The Norwegian operator engaged BW Offshore and Altera Infrastructure to take a run at a development scheme for the project.

The Libyan National Oil Company plans to tender 22 onshore/offshore exploration blocks in 2025 as it works to rebuild credibility with foreign oil producers.

After overcoming the challenges of a new offshore frontier, BP has begun first gas flow at its ultradeep project offshore Mauritania and Senegal.