Three blocks awarded offshore Cyprus

Cyprus’s Ministry of Energy, Commerce, Industry, and Tourism has awarded Blocks 6, 8, and 10 in the country’s exclusive economic zone to four international firms. Source: News


BP, SOCAR sign LOI for ACG field development in Azerbaijan

State Oil Co. of the Republic of Azerbaijan (SOCAR) and BP PLC-operated Azerbaijan International Operating Co. (AIOC) have signed a letter of intent for future development of Azeri-Chirag-Gunashli (ACG) field off Azerbaijan in the Caspian Sea. Source: News