Hungary’s MVM Joins $2.9bn Shah Deniz Gas Project in Azerbaijan

Hungary’s MVM joins $2.9bn Shah Deniz gas project in Azerbaijan

Hungarian state-owned energy group MVM has secured a 5% stake in the next phase of Azerbaijan’s flagship Shah Deniz gas field, joining a $2.9bn development led by BP.

BP & Partners Greenlight $2.9 Billion Shah Deniz Gas Field Expansion

BP-led consortium commits $2.9 billion to expand Azerbaijan's Shah Deniz field to access low-pressure gas reserves in the field and boost the field's production capacity.

BP, partners approve $2.9B Shah Deniz gas compression project in Azerbaijan

bp advances $2.9 billion gas compression project, offshore exploration in Azerbaijan

bp and partners have approved phase three of development in the Shah Deniz gas field, the $2.9 billion Shah Deniz Compression project. In addition to the project approvals, bp also announced an agreement with SOCAR to access two blocks in the Caspian Sea for exploration and development.

Are BP shares undervalued?

Falling crude prices have been weighing on shares in oil companies since the start of the year. And more than one is trading in territory that I think should catch the attention of value investors.  One of the most dramatic has been BP (LSE:BP) – after falling 23% since the beginning of January, the stock now has a dividend yield of more than 6%. But there are some things investors should know. Valuation On the face of it, BP is very similar to …

BP Enters Into Series of Azerbaijan Deals

'These agreements represent progress against BP's strategy to grow long-term shareholder value', BP said.