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Market Chatter: BP, Eni's Azule Energy Green-lights New Angolan Offshore Oil Project

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BP (BP.L) and Eni's (ENI.MI) joint venture Azule Energy took a final investment decision on its Greater Palas, Astraea, Juno, or PAJ, offshore oil project in Angola's Lower Congo Basin, Reuters reported Monday, citing company and government officials.

The energy company will utilize a new floating production, storage, and offloading vessel for the deepwater Greater PAJ development, according to the report.

Azule Energy did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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