OIL - What's Going On With BP Shares Today | Benzinga
BP p.l.c. (NYSE:BP) shares are trading lower on Tuesday.
The operator of the Azeri-Chirag-Gunashli (ACG) project announced the start-up of oil production from the new Azeri Central East (ACE) platform as part of the ACG field development in the Azerbaijan sector of the Caspian Sea.
The company’s strategy is to invest in today’s energy system — such as in the development of ACE — as well as the energy system of the future, the company said in a statement.
The ACE platform marks the seventh installation on the ACG field in the Caspian Sea, which commenced production in 1997, yielding over 4.3 billion barrels of oil. Additionally, the BP-operated Shah Deniz ...