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.

BP has agreed to form a 50:50 joint venture with Bunge – a leader in agriculture, food and ingredients - that will create a leading bioenergy company in one of the world’s largest fastgrowing markets for biofuels, Trend reports citing the company.

The reports about BP’s application to take part in the operating company for the Trans Anatolian Natural Gas Pipeline (TANAP) are not true, Vice President of BP Azerbaijan Bakhtiyar Aslanbeyli told Trend.

UK’s BP company, the operator of big energy projects in Azerbaijan, has made an application for participation in the operating company of the gas pipeline for the operation of the Trans-Anatolian Natural Gas Pipeline (TANAP), Trendreports referring to Turkish media.

Azerbaijani State Oil Company SOCAR together with BP Azerbaijan will conduct geological exploration at investment blocks in Uzbekistan.

BP, the operator of many projects in the energy sector of Azerbaijan, has recently published the 2019 first quarter results of its oil and gas production in the country.

BP is getting into the startup business launching its own well technology business, called Lytt, with other tech startups on the way, reports Trend citing to Reuters.

Central Azeri is a production, drilling and quarters (PDQ) platform at the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields, which started its operation in December 2005. Due to technical maintenance of Central Azeri, it’s work was stopped since April 15.

BP saw a 2 percent growth in Upstream production in the first quarter of 2019, Trend reports citing the company.

BP’s profit for the first quarter of 2019 was $2,934 million, compared with $2,469 million for the same period in 2018, Trend reports citing the company.