BP-Exxon impasse blocks renewal of giant Azeri oil deal

01 July 2016, London — U.S. oil major Exxon Mobil (XOM.N) and Britain’s BP (BP.L) are at loggerheads over a giant oil production deal with Azerbaijan, blocking renewal of what was once called “the contract of the century”, three high-level industry sources told Reuters. BP, which operates the Azeri-Chigar-Guneshli (ACG) fields in the Caspian Sea […] More »