The management of Lightsource BP and BP have agreed to equalise their shareholdings in Lightsource BP to create a simplified 50:50 joint venture structure, Trend reports citing BP.

BP as the operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field advises that as part of its ACG annual work program it has successfully completed planned maintenance (turnaround) on the West Chirag platform in the Caspian Sea, Trend reports citing BP.

Work is underway to build a new petrochemical plant for BP and Socar Turkey in Aliaga city in Izmir Province, Chief External Affairs Officer at SOCAR Turkey Energy Murat LeCompte said in an interview with Trend.

As many as 40,000 people were involved in the implementation of the Southern Gas Corridor (SGC) project at its peak, BP Vice President for communications, external affairs and strategy in the Azerbaijan, Georgia and Turkey region Bakhtiyar Aslanbayli said at the International Energy Charter Forum in Baku, Trend reports Oct. 24.

The Board of BP announced today that, after a 40-year career with BP and over nine years as group chief executive, Bob Dudley, 64, has decided to step down as group chief executive and from the BP Board following delivery of the company’s 2019 full year results on 4 February 2020 and will retire on 31 March 2020, Trend reports.

Azerbaijan’s Economy Ministry and BP may cooperate to develop the country’s alternative energy sector.

Helge Lund, Chairman of the Board of Directors of BP Group, is on a two-day working visit in Baku, BP Azerbaijan told Trend.

President of Azerbaijan Ilham Aliyev has received a delegation led by chairman of the BP Board Helge Lund, Trend reports on Sept. 5 referring to the Azerbaijani presidential press-service.

On Sept.11, BP will hold an open meeting to discuss a document on the Environmental and Socio-Economic Impact Assessment (ESIA) of Shafag-Asiman Exploration Drilling Project, Trend reports referring to the company.

BP’s second quarter profits easily beat expectations as a strong increase in oil and gas production helped offset weaker crude prices, reports Trend referring to Reuters.