BP

BP

Market cap $111B

British energy major BP said on ​Tuesday it was on track to hand ‌over the running of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline to Azerbaijan's SOCAR from July 1 as part of ​a contractual obligation.

BP has backed senior independent ​director Amanda Blanc ‌to lead a search for a new ​chair for ​the second time in ⁠a year, the ​Financial Times reported ​on Monday.

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BP's gas and low carbon ​business chief William ‌Lin is set to leave the company, ​a BP spokesperson ​confirmed after an internal ⁠note went out ​on Monday to thank ​him for his services.

British energy major BP said on Monday commercial production ​of non-associated gas has begun at the ‌energy-rich Azeri-Chirag-Gunashli (ACG) field off the coast of Azerbaijan.

Shares in Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC (LSE:BP.) climbed on Monday as oil prices were driven higher by renewed uncertainty over whether the US and Iran can agree to a ceasefire deal.

BP said on ​Monday it agreed ‌to sell 5% of its stake ​in the ​Browse liquefied natural gas ⁠project in ​Western Australia to ​South Korea's GS Energy (GSHOLE.UL).

BP's recently ousted chairman Albert Manifold clashed with fellow director Simon Henry ​earlier this year over the handling ‌of sensitive talks related to a potential deal, the Wall Street Journal reported on Friday, ​citing people familiar with the ​matter.

Before Albert Manifold's abrupt dismissal, battles erupted over everything from secret deal talks to Wimbledon tickets.

BP gains operatorship of Azerbaijan's Babek gas field, which deepens its foothold in Azerbaijan's energy sector.