Egypt's oil minister said on Thursday that BP'S $10 billion natural gas project in the North Alexandria concession, stalled for the past three years, had restarted and that production would begin in 2017.
Sherif Ismail tol
Egypt will pay $1.5 billion of the money it owes to foreign energy companies by the end of 2014, its oil minister said on Thursday, as the government aims to lure back wary investors to tap its reserves and boost production to meet soaring deman
Oil major BP will sign a deal worth around $20 billion later on Tuesday to supply China National Offshore Oil Corporation (CNOOC) with liquefied natural gas (LNG), BP Chief Executive Bob Dudley said at a conference in Moscow.
BP chief executive Bob Dudley said on Tuesday the oil company's operations in Iraq were so far unaffected by violence in the country.
"We are just very vigilant in Iraq. Non-essential production people have left but opera
Rosneft and BP have signed an agreement to jointly explore for hard-to-recover oil in Russia, the first major deal for the state-run oil company since the West imposed sanctions on Moscow.
Rosneft chief executive Igor Sechin, a cl
Kuwait signed a five-year liquefied natural gas (LNG) supply deal with BP on Tuesday, worth an estimated $3 billion, as it seeks to meet rising energy demand to power air conditioning during scorching Gulf summers.
Kuwait, a major
BP plans to invest $1.5 billion this year to increase its production of natural gas in Egypt, hit by an energy crisis following three years of political turmoil, the state news agency Mena said.
Egypt is seeking to raise $2.5 bill
Kuwait's state oil group said it signed a six-year liquefied natural gas (LNG) supply deal with Royal Dutch Shell on Sunday, worth an estimated $12 billion, as the major oil exporter seeks to meet energy demands for the hot summer months.
BP raised its quarterly dividend for the second time in six months and said more share buy-backs were on the cards, showing how the British oil company's asset sales are providing more cash for investors.
Shareholders have urg
Royal Dutch Shell and BP have signed deals to supply Kuwait with liquefied natural gas (LNG) over the next few years, a Kuwait Petroleum Corporation (KPC) official was quoted as saying on Sunday.
Kuwait began importing LNG in 2009