BP eyes Azerbaijan’s Babek gas field as Europe scrambles for supply
BP will take over operatorship of Azerbaijan’s Babek gas field, which contains about 400 billion cubic metres (Bcm) of gas and 80 million tonnes of condensate. The field lies near the giant Shah Deniz deposit and could bolster pipeline exports via the Southern Gas Corridor to Turkey and Europe. The move reflects BP’s strategic pivot […]
Energy deals highlight a two‑track transition: LNG, E&P and offshore wind
Cheniere Energy Partners signed an agreement with Bechtel to design and build Train 7 and related infrastructure for the first phase of the Sabine Pass LNG expansion, expected to add over 6 million tonnes per year (mtpa) of capacity and reach final investment decision by early 2027. Chevron has requested to acquire a 70% stake in Block […]
Hormuz shutdown cripples global shipping and fuels energy security fears
Shipping through the Strait of Hormuz has collapsed by about 88%, with daily transit of crude, fuel and LNG carriers down from roughly 70 vessels pre‑war to fewer than six since March, according to Reuters.… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]