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Man accidentally shoots self at gun show
BAKU, Azerbaijan, Sept. 2 (UPI) -- More than $25 billion was spent on developing the natural resources in Azerbaijan since work started in 1994, British energy company BP said.
BP said it spent $29.5 billion on developing the giant offshore Azeri-Chirag-Guneshli oil field in the Azeri waters of the Caspian Sea, the giant Baku-Tbilisi-Ceyhan oil pipeline and the Shah Deniz gas field, the Azeri news agency News.Az reports.
BP completed in August the acquisition of a minor stake in the ACG field from Devon Energy.
A steering committee from BP approved a $6 billion plan in April to increase oil production at the offshore oil field.
Baku oil production was up for 2010, with the bulk of the production coming from the ACG field.
Most of the estimated 7 billion barrels of proven oil reserves in Azerbaijan lie in the ACG field, listed as the world's third largest.
Oil production from the Azeri-Chirag-Guneshli averaged 800,000 barrels per day in 2009, the Azeri report added.
BP is offloading other parts of its overseas assets to pay off claims from the Gulf of Mexico oil spill.
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BEIJING, Feb. 9 (UPI) --
Beijing announced a series of measures aimed at reducing air pollution in the city, specifically targeting a reduction in readings of PM2.5, or fine particulate matter, in the air.
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MELBOURNE, Fla., Feb. 9 (UPI) --
The U.S. military has awarded contracts to the Harris Corp. and Raytheon for air-to-air missiles and their components.
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With rental vacancy rates at their lowest levels in 10 years, a review of TransUnion's proprietary rental screening database found that rental prices remained about the same between the fourth quarters of 2010 and 2011....
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Government officials are on the verge of an agreement worth as much as $26 billion with five major banks, capping a yearlong push to settle federal and state probes of alleged foreclosure abuses by lenders.
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