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BP will offer up development concessions while ADNOC will provide cash for growth opportunities. ADNOC and BP are forming an Egyptian joint venture that will combine several development concessions in an effort to boost natural gas production from the region. The venture will carry a 51% BP and 49% ADNOC ownership structure and include interests […]

The $6-billion Azeri Central East (ACE) platform is the first BP-operated offshore production facility controlled from onshore. The new $6-billion BP-operated Azeri Central East (ACE) platform has produced first oil as Azerbaijan and its international partners enter a new stage in developing the nearly 30-year-old Azeri-Chirag-Deepwater Gunashli (ACG) field in the Caspian Sea. The oil